ProShares - UltraShort Bloomberg Natural Gas (KOLD) Options Chain

The options chain displays all available contracts with real-time quotes, Greeks, volume, and open interest for each strike and expiration. It is the primary tool for options trade selection.

ProShares - UltraShort Bloomberg Natural Gas (KOLD) operates in the Financial Services sector, specifically the Asset Management - Leveraged industry, with a market capitalization near $140.7M, listed on AMEX, carrying a beta of -4.38 to the broader market. ProShares UltraShort Bloomberg Natural Gas seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Natural Gas SubindexSM. public since 2011-10-06.

Snapshot as of May 15, 2026.

Spot Price
$24.48
Total OI
70.6K
Total Volume
7.4K
Front Expiration
28 days
Second Expiration
34 days
ATM IV
82.4%
Avg Bid/Ask Spread
45.18%

As of May 15, 2026, ProShares - UltraShort Bloomberg Natural Gas (KOLD) has 70.6K open contracts and 7.4K contracts traded. The nearest expiration is 28 days out, followed by 34 days. ATM implied volatility is 82.4%. Average bid/ask spread across the chain is 45.18%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.

How KOLD options chain Data Feeds Strategy Selection

Strategy selection on ProShares - UltraShort Bloomberg Natural Gas options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 82.4% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.

Learn how the options chain is reported and how to read the data →

Frequently asked KOLD options chain questions

What does the KOLD options chain show right now?
As of May 15, 2026, ProShares - UltraShort Bloomberg Natural Gas (KOLD) has 70.6K contracts outstanding and 7.4K traded today, with ATM IV of 82.4%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
What expirations are available for KOLD options?
The nearest expiration is 28 days out, followed by 34 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
How tight are KOLD options bid/ask spreads?
Average bid/ask spread across the chain is 45.18%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.