Shares of the Ultra Silver Proshares (AGQ) traded up 1.02% yesterday to 25.? The shares are just off of 52-week lows.
Yesterday the AGQ May 34 puts traded 9.3 and 9.4 1,005 times and 1,006 times, respectively taking out the bid.? The average contract volume is 7,028 contracts per day in the name.? Open interest is 176 contracts.
The trade went up on two blocks near the close but two minutes later the May 21 puts traded 1.05. 2,600 times. The OI is low and the both trades went up on the AMEX which means they could be a ratio spread.? Also the low OI suggests this is a bullish bet on silver with insurance.
30-day implied volatility is 80%.? 10-day implied volatility is 158%.? 30-day implied volatility is trading below the 10-day historical volatility.
ProShares Ultra Silver (the Fund) seeks to provide daily investment results that correspond to twice (200%) the daily performance as measured by the United States dollar fixing price for delivery in London.