Proshares UltraShort Real Estate ETF (SRS) is up 41 cents to $8.32 on a rough day for the REITs Thursday. SRS options are seeing action as well, including an April 7 – 9 call spread, 20000X on AMEX. Looks like 86 cents was collected and likely rolls a position opened on Jan 4 when the Jan 8 – Apr 7 call ratio spread traded 30K X 20K. The Jan options have since come off the board and the strategist is possibly moving up in strikes now that shares have moved up nearly 10 percent since that time.
Category: All ETFs
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.