Trading Alert for ProShares UltraShort S&P500 (SDS)

Posted on 06/10/2013 by Norm Sorkin

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NEW YORK (AVAFIN) -- A record number of ProShares UltraShort S&P500 call contracts were traded during the busy trading session. There were 3.0 call contracts traded for each put contract yielding a 0.33 put/call ratio where 4,637 put and 13,962 call contracts exchanged hands.

The skewed options ratio suggests that traders are re-balancing their portfolios in anticipation of a price shift. Unusual volume activity directly reflects investor outlook and confirms that a stock move is imminent.

Shares of ProShares UltraShort S&P500 edged down $0.01 (0.03%) to $39.33. The price of the stock ranged between a low of $39.03 and $39.51 respectively. The trading volume of 9M is below the 90 day average volume of 11M shares. SDS is trading below the 50 day moving average. The stock's 52 week low is $37.45 and 52 week high is $68.44. To date, the stock has lost -1.75% within the last week.

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