NEW YORK (AVAFIN) -- ProShares UltraPro Short QQQ options set a new 90-day record for the number of contracts that exchanged hands between
the buyers and the sellers on both the call and put side. Aggregate volume of puts was 3,080 and
calls were 3,505 equating to a 0.88 put/call ratio.
Put/Call ratio is often used to measure investment sentiment, the ratio serves as a predictor of
investor behavior. Unusual options volume provides reliable clues that the stock is expected to
make a move.
The trading volume of 2M is above the 90 day average volume of 567M shares.
Shares of ProShares UltraPro Short QQQ edged down $0.55 (1.13%) to $48.17. The price of the stock ranged
between a low of $47.65 and $50.38 respectively.
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