UltraShort S&P 500 ProShares (NYSE: SDS) is recently trading down 84 cents to $88 in pre-open trading. SDS seeks daily investment results that correspond to twice the inverse daily performance of the S&P 500. SDS January option implied volatility of 94 is above its 26-week average of 68 according to Track Data, suggesting larger price movement.
UltraShort QQQ ProShares (NYSE: QID) is recently down 1.95 to $68.35 in pre-open trading. QID seeks daily investment results that correspond to twice the inverse daily performance of the NASDAQ Index-100 Index. QID January option implied volatility of 108 is above its 26-week average of 87 according to Track Data, suggesting larger price movement.
UltraShort Financials ProShares (NYSE: SKF) is recently is recently down $2.97 to $127.89 in pre-open trading. SKF is an exchange traded fund seeking daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Financials Index. SKF January option implied volatility of 155 is above its 26-week average of 99 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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Reader Comments (Page 1 of 1)
1-12-2009 @ 1:54AM
bob richards said...
Since the leveraged ETFS have a very imperfect history of tracking their underlying index by the 2x or 3x deisgn, are there any "rules" for using these indtriments to get the desired result? I am particularly thing of a battered 401k plan. Invest long in these to bring the account back in 2 years (or less) with a decent risk/reward profile?