1000 UVXY Jan2018 1 calls went 1 block on the BATS.? ?
Shares of the ProShares Ultra VIX short term ETN (UVXY) are down .01 to 13.01 today. ?UVXY is near the bottom of the 52 week range.
- Paper traded 1000 UVXY Jan2018 1 calls for 11.85.?
- The ADV is 112k contracts.?
- The OI is 638 contracts.
The volume went 1 block on the BATS.? ?Over 3000 contracts traded with paper looking buy at just around parity.? It is not clear if these calls are connected to another trade for a spread but the trade as stands looks like a way to get long UVXY.
- IV 30 is trading 18% ?
- HV10 is trading for 10%.?
- IV 30 is trading above the HV 10.
UVXY is a double long VIX short term future product that seeks to replicate twice the daily movement in the two front month VIX futures.