Could Proshares Trust II See a Reversal After Today’s Strong Options Activity?

 Could Proshares Trust II See a Reversal After Today's Strong Options Activity?

In today’s session Proshares Trust II (SCO) registered an unusually high (352) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious SCO increase. With 352 contracts traded and 424 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: SCO161118C00140000 closed last at: $0.2 or 76.5% down. Proshares Trust II (NYSEARCA:SCO) has declined 37.85% since April 4, 2016 and is downtrending. It has underperformed by 38.94% the S&P500.

More notable recent Proshares Trust II (NYSEARCA:SCO) news were published by: Etfdailynews.com which released: “Traders Are Betting Big on Increasing Volatility” on November 01, 2016, also Etfdailynews.com with their article: “Two Japan ETFs To Buy Right Now [WisdomTree Japan Hedged Equity Fund …” published on March 13, 2015, Etfdailynews.com published: “ProShares Announces ETF Share Splits and Reverse Splits” on January 13, 2014. More interesting news about Proshares Trust II (NYSEARCA:SCO) were released by: Etfdailynews.com and their article: “ProShares To Reverse Share Split Eight ETFs Monday June 10th” published on June 07, 2013 as well as Businesswire.com‘s news article titled: “ProShares Announces Changes to ETF Lineup” with publication date: July 25, 2016.

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