NEW YORK (AVAFIN) -- Trading of ProShares UltraShort S&P500 options resulted in establishing a new 90-day call volume record, where 29,625 call
contracts exchanged hands between the buyers and the sellers. A total of 6,279 put and 29,625
call contracts was traded raising a 0.21 put/call ratio on shares of SDS
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Unusual volume provides reliable clues that the stock is expected to make a move. Investors
can use the put/call ratio statistics to measure trader sentiment. A high put/call ratio
suggests that the overall investment sentiment is bearish and that investors expect the
underlying stock to decrease in value. Conversely, a low put/call ratio implies that
investor sentiment is bullish based on the large amount of call options.
On the volume side, 19M shares were traded which is greater
than the average volume. ProShares UltraShort S&P500 is trading below the 50 day
moving average and lower than the 200 day moving average.
Shares of SDS opened today at $15.00 and settled the day up $0.15 to $15.15
during the session. The day's trading range is between $14.96 and $15.32 respectively.
Performance indicators show that the stock has lost -20.56% within the last quarter.