Options Brief: The Proshares Ultrashort DJ-UBS Crude Oil Fund (SCO)

Shares of The Proshares Ultrashort DJ-UBS Crude Oil Fund (NYSE:

) are lower on the session by 1.55%, trading at $9.42. Overall call volume is now running at 2.89x the daily average, with 78% of all calls traded being purchases on the offer. 1,702 contracts have traded on the session so far. The Proshares Ultrashort DJ-UBS Crude Oil Fund seeks to provide daily investment results (before fees and expenses) that correspond to twice (200%) the inverse of the daily performance of the Dow Jones UBS Crude Oil Sub-Index.