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

Option Update: UltraShort S&P500 ProShares and UltraShort QQQ ProShares volatility flat originally appeared on BloggingStocks on Tue, 24 Jun 2008 11:11:00 EST. Please see our terms for use of feeds.