12,000 calls and only 150 puts traded on the ProShares UltraShort Euro ETF (EUO) today. Shares are up 32 cents to $19.68 after the euro slipped another .8 percent to 1.311 and is now well off the levels seen one week ago, when it made a stab at 1.35 against the buck. Fears about Greece’s deadline to reach a deal with creditors as well as weak data out of the Eurozone are weighing on the currency. Investors are bracing for further losses. March 20 calls on EUO, which are 1.6 percent OTM and expiring in ten days, are the most actives in the fund. 5,240 traded (83 percent Ask). Mar 19 and Apr 20 calls are seeing brisk trading as well and levels of implied volatility in the options on the inverse euro ETF moved up 6 percent to 25.
Category: All ETFs
About the Author (Author Profile)
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.