NEW YORK (AVAFIN) -- A new 3-month trading record was established on both the call and put side for shares of ProShares Ultra S&P500.
A total of 10,618 call and 16,815 put contracts were traded raising a low put/call volume alert.
There were 1.6 puts traded for each call contract yielding a 1.58 put/call ratio.
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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.
Shares of SSO closed at $60.63 during the previous session. During the session,
the stock hit a low of $60.36 and high of $62.50. The current trading volume of 10M is
greater than average volume of 5M shares. SSO is trading below
the 50 day moving average and higher than the 200 day moving average.
The stock's 52 week low is $39.52 and 52 week high is $64.27. Within the last week, the shares have gained 3.49% of their value.
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