On May 21, Eastern Time, Pro Ultr Cvix Shrt Futures options saw a total of 101958 contracts traded, with calls accounting for 70% and puts making up 29%.
Pro Ultr Cvix Shrt Futures has 381703 contracts outstanding, with calls accounting for 52% and puts making up 47%.
The top volume gainer was the 22 dollars Call option expiring on May 23, 2025, with 6998 contracts traded.
On the news front, UVXY surged 10% with call options soaring 341%, indicating heightened market volatility and investor interest in hedging against potential market downturns.The recent surge in UVXY and its call options can be attributed to several factors. Firstly, the increase in market volatility, as indicated by the VIX, has likely driven investors to seek protection through volatility ETFs like UVXY. This is supported by the news that volatility ETFs are gaining traction as short-term instruments amid ongoing market uncertainties.
Additionally, the broader market context, including concerns over global trade tensions and economic policy shifts, has contributed to increased market volatility. This environment has made volatility ETFs more attractive to investors looking to hedge against potential market downturns.
Furthermore, the significant rise in call options volume suggests that traders are positioning for further increases in volatility, possibly anticipating more market turbulence in the near future. This aligns with the observed trend of increased options activity in the market, as traders seek to capitalize on potential price swings.
Overall, the combination of heightened market volatility, economic uncertainties, and increased options activity has contributed to the recent surge in UVXY and its call options.Analysts have noted the growing attractiveness of volatility ETFs like UVXY in the current market environment. With the VIX remaining elevated, these instruments are seen as effective short-term hedges against market fluctuations. UBS analysts, for instance, have recommended increasing exposure to U.S. equities while utilizing capital preservation strategies to navigate current volatility. They highlight the potential for volatility ETFs to provide attractive entry points for investors willing to capitalize on market swings.
Moreover, the ongoing economic uncertainties, including trade tensions and policy shifts, have led analysts to emphasize the importance of hedging strategies. Volatility ETFs are viewed as a viable option for investors looking to protect their portfolios from potential downturns.
In addition, the significant increase in call options volume for UVXY suggests that traders are anticipating further market volatility. This aligns with analyst observations that options activity is on the rise as investors seek to profit from potential price movements.
Overall, analysts recognize the strategic value of volatility ETFs like UVXY in the current market landscape, highlighting their role as effective tools for managing risk and capitalizing on market volatility.
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UVXY

On May 21, Eastern Time, Pro Ultr Cvix Shrt Futures options saw a total of 101958 contracts traded, with calls accounting for 70% and puts making up 29%.

- On May 21, 2025, the ProShares 1.5x Long VIX Futures ETF saw a total of 101,958 options traded, with 70% being call options.  
- The increase in trading volume, particularly for the $22 strike call options expiring on May 23, 2025, indicates a growing investor preference for bullish positions amid recent market volatility.  
- Analysts attribute the rising demand for call options and the ETF's price increase to improved market sentiment linked to easing U.S.-China trade relations and lower-than-expected inflation data.

Trending | UVXY Surges 10%, Some Call options Soar 341%