Option Update: UltraShort S&P500 ProShares and UltraShort QQQ ProShares volatility flat

Posted Jun 24th 2008 11:11AM by Paul Foster
Filed under: Options

UltraShort S&P500 ProShares (AMEX: SDS) seeks daily investment results that correspond to twice the inverse daily performance of the S&P 500. SDS July option implied volatility of 42 is near its 26-week average according to Track Data, suggesting non-directional price movement.

UltraShort QQQ ProShares (AMEX: QID) seeks daily investment results that correspond to twice the inverse daily performance of the NASDAQ Index-100 Index. QID July option implied volatility of 51 is near its 26-week average of 51 according to Track Data, suggesting non-directional price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Tags: option implied volatility, OptionImpliedVolatility, qid, sds, UltraShort QQQ ProShares QID, UltraShort SP500 ProShares SDS, UltrashortQqqProsharesQid, UltrashortSp500ProsharesSds