Is Buying Stock Like ProShares Trust Ultra VIX Short Term Futures ETF Good Idea After Today’s Bearish Options Activity?

 Is Buying Stock Like ProShares Trust Ultra VIX Short Term Futures ETF Good Idea After Today's Bearish Options Activity?

In today’s session ProShares Trust Ultra VIX Short Term Futures ETF (UVXY) recorded an unusually high (1,043) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious UVXY decrease. With 1,043 contracts traded and 21484 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: UVXY161021P00020000 closed last at: $2.87 or 23.5% down. ProShares Trust Ultra VIX Short Term Futures ETF (NYSEARCA:UVXY) has declined 86.83% since March 14, 2016 and is downtrending. It has underperformed by 92.44% the S&P500.

More notable recent ProShares Trust Ultra VIX Short Term Futures ETF (NYSEARCA:UVXY) news were published by: Foxbusiness.com which released: “On Our Radar” on June 20, 2012, also Marketwatch.com with their article: “ProShares Ultra VIX Short-Term Futures ETF” published on October 06, 2011, Foxbusiness.com published: “ProShares Trust Ultra VIX Short Term Futures ETF, Direxion Daily Large Cap …” on August 06, 2012. More interesting news about ProShares Trust Ultra VIX Short Term Futures ETF (NYSEARCA:UVXY) were released by: Investorplace.com and their article: “iPath S&P 500 VIX Short Term Futures TM ETN (VXX): Dump This Spike” published on June 14, 2016 as well as Schaeffersresearch.com‘s news article titled: “A $61M Trade on One of the Worst Products Ever Created” with publication date: March 25, 2015.

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