What’s Proshares Trust II Upside After Today’s Bearish Options Activity?

 What's Proshares Trust II Upside After Today's Bearish Options Activity?

In today’s session Proshares Trust II (SCO) recorded an unusually high (102) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious SCO decrease. With 102 contracts traded and 3784 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: SCO161021P00075000 closed last at: $5.5 or 10% up. Proshares Trust II (NYSEARCA:SCO) has declined 39.67% since March 7, 2016 and is downtrending. It has underperformed by 47.26% the S&P500.

More notable recent Proshares Trust II (NYSEARCA:SCO) news were published by: Etfdailynews.com which released: “Two Japan ETFs To Buy Right Now [WisdomTree Japan Hedged Equity Fund …” on March 13, 2015, also Businesswire.com with their article: “ProShares Announces Changes to ETF Lineup” published on July 25, 2016, Etfdailynews.com published: “ProShares To Reverse Share Split Eight ETFs Monday June 10th” on June 07, 2013. More interesting news about Proshares Trust II (NYSEARCA:SCO) were released by: Etfdailynews.com and their article: “”Fear” Indicator Surges To Record High” published on March 18, 2016 as well as Businesswire.com‘s news article titled: “ProShares Announces ETF Share Splits” with publication date: July 01, 2016.

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