Traders See Bearish Options Activity ProShares UltraShort S&P500 (ETF)

 Traders See Bearish Options Activity ProShares UltraShort S&P500 (ETF)

In today’s session ProShares UltraShort S&P500 (ETF) (SDS) recorded an unusually high (392) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious SDS decrease. With 392 contracts traded and 15294 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: SDS170120P00015000 closed last at: $0.2 or 4.8% down. ProShares UltraShort S&P500 (ETF) (NYSEARCA:SDS) has declined 15.09% since April 28, 2016 and is downtrending. It has underperformed by 21.02% the S&P500.

ProShares UltraShort S&P500 seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P 500 (the Index). The ETF has a market cap of $1.75 billion. The Index is a measure of large-cap the United States stock market performance. It currently has negative earnings. It is a float-adjusted, market capitalization-weighted index of 500 United States operating companies and real estate investment trusts selected through a process that factors criteria, such as liquidity, price, market capitalization and financial viability.

SDS Company Profile

ProShares UltraShort S&P500 (the Fund), formerly UltraShort S&P500 ProShares, seeks daily investment results that correspond to twice the inverse daily performance of the S&P 500 Index. The S&P 500 Index is a measure of large-cap United States stock market performance. The S&P 500 Index is a capitalization-weighted index of 500 United States operating companies and real estate investment trusts (REITs) selected by an S&P committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization, financial viability and public float.

More notable recent ProShares UltraShort S&P500 (ETF) (NYSEARCA:SDS) news were published by: Seekingalpha.com which released: “ProShares UltraShort S&P 500 ETF: A Good Or Bad Investment?” on August 03, 2016, also Etfdailynews.com with their article: “Investors Should Be Very Careful With Inverse ETFs” published on September 08, 2016, Seekingalpha.com published: “Protecting Your Gains With ProShares UltraShort S&P500 (SDS)” on May 25, 2016. More interesting news about ProShares UltraShort S&P500 (ETF) (NYSEARCA:SDS) were released by: Investorplace.com and their article: “3 Big Stock Charts: Progressive Corp (PGR), American Express Company (AXP) and …” published on October 13, 2016 as well as Nasdaq.com‘s news article titled: “ProShares Ultra S&P500 Experiences Big Inflow” with publication date: November 03, 2016.

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