Shares of the Powershares DB Agriculture (DBA) is up .26 to 24.91 today.? DBA is near the bottom of the 52-week range.
Today paper traded 1,500 Mar 24 calls in DBA for 1.05-1.10.? ADV is 264 contracts.? The OI is over 5 for each strike.
The volume went up in mid-size blocks with some paper trading through the offer at the time.? The opening trades look to be bullish with the IV up .78 in March which is a good sized move for a 7.8% realized volatility product.
30-day implied volatility is 11.33%.?? 10-day implied volatility is 7.8%.? 30-day implied volatility is trading above the 10-day historical volatility.
PowerShares DB Agriculture Fund (the Fund) is a separate series of PowerShares DB Multi-Sector Commodity Trust (the Trust).?