Options Brief: The ProShares Ultrashort Crude Oil Fund

Shares of The ProShares Ultrashort Crude Oil Fund (NYSE: SCO) are higher on the session by 2.63%, trading at $48.87.

Overall call volume is now running at 2.13x the daily average, with 60% of all calls traded being purchases on the offer. 1,257 contracts have traded on the session so far.

The ProShares Ultrashort Crude Oil Fund seeks to provide daily investment results (before fees and expenses) that correspond to twice the inverse of the daily performance of the Dow Jones UBS Crude Oil Sub-IndexSM.