Options Brief: The Proshares Ultrapro Short S&P500 ETF (SPXU)

Shares of The Proshares Ultrapro Short S&P500 ETF (NYSE: SPXU) are higher on the session by 2.27%, trading at $17.39.

Overall call volume is now running at 2.01x the daily average, with 74% of all calls traded being purchases on the offer. 2,718 contracts have traded on the session so far.

The Proshares Ultrapro Short S&P500 ETF seeks daily investment results before fees and expenses that correspond to three times (300%) the inverse (opposite) of the daily performance of the S&P 500.