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American Stock Exchange to trade options on UltraShort Nasdaq 100 ETF

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The American Stock Exchange has announced that it will launch trading in options on the Amex-listed exchange-traded fund UltraShort QQQ ProShares ETF, which offers enhanced inverse exposur

The American Stock Exchange has announced that it will launch trading in options on the Amex-listed exchange-traded fund UltraShort QQQ ProShares ETF, which offers enhanced inverse exposure to the Nasdaq 100 index.

UltraShort QQQ ProShares options will open with strike prices of 30 – 40 (with one-point increments) and position limits of 25 million shares. The options will trade on the January expiration cycle.

UltraShort QQQ ProShares is an exchange-traded fund that seeks to achieve investment results corresponding to double the inverse of the daily performance of the Nasdaq 100 index.

The American Stock Exchange offers trading across a range of equities, options and ETFs, including structured products and holding company depositary receipts (HOLDRs). The Amex is the pioneer of the ETF, responsible for bringing the first US product to market in 1993 and currently listing 362 ETFs.

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