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News Breaks
October 6, 2009
13:25 EDTDUG
theflyonthewall.com: UltraShort Oil & Gas ProShares-DUG volatility low; oil above $71
UltraShort Oil & Gas ProShares is recently down 71c to $14.18. DUG corresponds to twice the inverse of the performance of the Dow Jones Oil & Gas Index. WTI Crude Futures are recently up 1.65% to $71.57 according to Bloomberg. DUG call option volume of 3,541 contracts compares to put volume of 962 contracts. DUG October option implied volatility is at 51; November is at 59; below its 26-week average of 65, according to Track Data, suggesting decreasing price movement. :theflyonthewall.com



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