900 UCO Apr 9 calls went up on the ARCA w/ a total of 19k contracts going up in prices ranging from 1.30-1.65.?
Shares of Ultra DJ-AIG Crude Oil Proshares (UCO) are down.90 to 7.89 today.? UCO is near the lower end of the 52 week range.
- Paper traded 900 UCO Apr 9 calls for 1.50.?
- The ADV is 8570.?
- The OI is over 313 contracts.
The volume went up in 1 blocks on the ARCA.? A total of 19k contracts went up in prices ranging from 1.30-1.65.? It does appear that bids float in and get hit so there is a buying of these options but they are getting filled.? For now most of the trades are slightly underwater as UCO drops.? On balance the lead side looks bullish but is wrong at this point in the cycle.
- IV 30 is trading for 122%.?
- HV10 is trading for 130%.?
- IV 30 is trading below the HV 10.
ProShares Ultra DJ-UBS Crude Oil seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones UBS Crude Oil Sub-Index.