Options Update for ProShares UltraPro Short QQQ (SQQQ)

Posted on 11/16/2012 by Peter Mankowitz

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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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