UPDATE 1-Options traders lost big from tweak in short volatility ETPs -strategists [Reuters (UK)]
ProShares Equities for Rising Rates ETF (EQRR)
US:NASDAQ Investor Relations:
proshares.com/funds/eqrr.html
Company Research
Source: Reuters
Options traders lost big from tweak in short volatility ETPs: strategists | Reuters 4 Min Read NEW YORK (Reuters) - Options traders suffered big losses due to recent changes in the investment objective of ProShare Capital Management LLC’s two exchange traded funds that track near-term equity volatility futures, derivatives strategists said on Wednesday. Traders who owned options on ProShares Short VIX Short-Term Futures ETF ( SVXY.P ) and ProShares Ultra VIX Short-Term Futures ETF ( UVXY.P ) have lost at least $100 million in premiums, according to Pravit Chintawongvanich, head of derivatives strategy at Macro Risk Advisors in New York. “It’s obviously a one-time effect but it is pretty unprecedented,” Chintawongvanich said. The losses followed ProShares’ announcement on Monday that it was tweaking the investment objectives of the funds to reduce their target exposure to the S&P 500 VIX Short-Term Futures Index .SPVXSPID. ProShare has declined to comment beyond its statement. Star
Show less
Read more
Impact Snapshot
Event Time:
EQRR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
EQRR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
EQRR alerts
High impacting ProShares Equities for Rising Rates ETF news events
Weekly update
A roundup of the hottest topics