Options Brief: The Proshares Ultra Basic Materials ETF (UYM)

Shares of The Proshares Ultra Basic Materials ETF (NYSE:

) are higher on the session by 1.92%, trading at $56.67. Overall put volume is now running at 4.19x the daily average, with 9% of all puts traded being purchases on the offer. 1,172 contracts have traded on the session so far. The Proshares Ultra Basic Materials

seeks daily investment results before fees and expenses, which correspond to twice the daily performance of the Dow Jones US Basic Materials index.