Major Move Is Coming For ProShares UltraShort Lehman 20+ Yr(ETF) After Bullish Options Activity

 Major Move Is Coming For ProShares UltraShort Lehman 20+ Yr(ETF) After Bullish Options Activity

In today’s session ProShares UltraShort Lehman 20+ Yr(ETF) (TBT) registered an unusually high (237) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious TBT increase. With 237 contracts traded and 914 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: TBT161118C00034500 closed last at: $0.69 or 31% down. ProShares UltraShort Lehman 20+ Yr(ETF) (NYSEARCA:TBT) has declined 4.78% since April 5, 2016 and is downtrending. It has underperformed by 6.74% the S&P500.

ProShares UltraShort 20+ Year Treasury , formerly ProShares UltraShort Lehman 20+ Year Treasury, seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Barclays Capital 20+ Year U.S. The ETF has a market cap of $2.04 billion. Treasury Bond Index (the Index). It currently has negative earnings. The Index includes all publicly issued, the United States Treasury securities that have a remaining maturity greater than 20 years, are non-convertible, are denominated in United States dollars, are rated investment grade (at least Baa3 by Moody’s Investors Service or BBB- by Standard & Poor’s (S&P)), are fixed rate, and have more than $250 million par outstanding.

More notable recent ProShares UltraShort Lehman 20+ Yr(ETF) (NYSEARCA:TBT) news were published by: Etfdailynews.com which released: “Unusual Options Activity on Inverse Bond ETF: Higher Rates Coming?” on August 29, 2016, also Streetinsider.com with their article: “Proshares Ultra Short 20 Year Treasury ETF (TBT) volatility elevated into FOMC …” published on November 02, 2016, Marketwatch.com published: “ProShares UltraShort 20+ Year Treasury” on June 18, 2009. More interesting news about ProShares UltraShort Lehman 20+ Yr(ETF) (NYSEARCA:TBT) were released by: Etfdailynews.com and their article: “Will Interest Rates Defy Expectations Again? [iShares Barclays 20+ Yr Treas …” published on February 20, 2015 as well as Seekingalpha.com‘s news article titled: “Don’t Bet Against Treasuries” with publication date: July 21, 2016.

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