What is the UYG options turnover ratio?

As of Oct 15, 2026, UYG turnover ratio is 0.05 (24 contracts traded against 470 contracts outstanding). A turnover ratio below 0.5 is typical maintenance flow against existing positions.

Where is UYG open interest concentrated?

Gamma concentration is 0.63: open interest clusters at a few strikes, creating localized hedging pressure that often pins price. The full per-strike open-interest distribution is visible in the chain view.

Why does volume-open-interest matter for UYG options?

Volume tells you what is being traded today; open interest tells you what was already there. The combination separates opening flow (today's volume building new positions) from closing flow (today's volume unwinding existing ones), and locates the strikes that carry hedging-driven support or resistance based on dealer-gamma concentration.

ProShares - Ultra Financials (UYG) Volume & Open Interest

Volume and open interest by strike show where trading activity and outstanding positions are concentrated. Clusters of OI often act as support and resistance levels.

ProShares - Ultra Financials (UYG) operates in the Financial Services sector, specifically the Asset Management - Leveraged industry, with a market capitalization near $675.5M, listed on AMEX, carrying a beta of 1.58 to the broader market. The ProShares Ultra Financials fund aims to achieve daily investment returns that are double the daily fluctuations of the S&P Financial Select SectorSM Index. public since 2007-02-01.

Snapshot as of Oct 15, 2026.

Spot Price: $89.52
Total Volume: 24
Total OI: 470
Call OI: 413
Put OI: 57
Gamma Concentration: 0.63

As of Oct 15, 2026, ProShares - Ultra Financials (UYG) has 24 contracts traded today against 470 contracts outstanding. Open interest breaks down as 413 calls and 57 puts. Turnover ratio is 0.05: typical maintenance flow relative to existing positions. Gamma concentration is 0.63: open interest clusters at a few strikes, creating localized hedging pressure. Comparing today's volume to accumulated open interest reveals whether flow is opening new positions or closing existing ones, with heavy OI strikes often acting as support and resistance.

How UYG volume & open interest Data Feeds Strategy Selection

Strategy selection on ProShares - Ultra Financials options does not derive from any single metric in isolation. The volume & open interest view above sits inside a broader read: ATM IV currently sits at 32.3% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the volume & open interest 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.

How to read the UYG volume and OI data

Splitting ProShares - Ultra Financials contract activity into volume (daily flow) and open interest (cumulative inventory) per strike separates trading flow from accumulated positioning. Current put/call ratio is 0.41, call-heavy - speculative or bullish positioning dominates. Total call OI of 413 versus put OI of 57 gives a put/call OI ratio of 0.14 - structurally a slower-moving signal than the volume-based ratio.

UYG flow vs positioning

Volume tells you what flows happened today; OI tells you what positions accumulated. Both can move in opposite directions: rising volume with falling OI means contracts are being closed (covering); rising volume with rising OI means new positions are being opened. The combination matters more than either alone for reading sentiment. The per-strike grid distinguishes the strikes attracting flow today from the strikes carrying accumulated inventory - high volume at strikes that also carry high OI typically means rolling activity (closing front-month, opening longer-dated), high volume at low-OI strikes typically means fresh directional positioning. Combined with the current positive dealer-gamma regime, large OI clusters tend to act as price magnets through expiration cycles.

Using UYG OI/volume data alongside other surfaces

Per-strike OI is the input to dealer-gamma calculations: strikes with elevated call OI generate gamma walls that dealers must hedge into as spot approaches them. The gamma-exposure page combines this distribution with the dealers' assumed-long-gamma assumption to project hedge flow. Volume cross-checks recent positioning shifts in the chain that haven't yet shown up in cumulative OI. Pair both with the term-structure view on the volatility page to determine whether the activity is concentrated in near-dated event hedging or longer-dated structural positioning. Front-month expiration for UYG sits at 36 days, so near-dated volume currently dominates the flow reading.

Learn how volume and open interest is reported and how to read the data →

Frequently asked UYG volume & open interest questions

What is the UYG options turnover ratio?: As of Oct 15, 2026, UYG turnover ratio is 0.05 (24 contracts traded against 470 contracts outstanding). A turnover ratio below 0.5 is typical maintenance flow against existing positions.
Where is UYG open interest concentrated?: Gamma concentration is 0.63: open interest clusters at a few strikes, creating localized hedging pressure that often pins price. The full per-strike open-interest distribution is visible in the chain view.
Why does volume-open-interest matter for UYG options?: Volume tells you what is being traded today; open interest tells you what was already there. The combination separates opening flow (today's volume building new positions) from closing flow (today's volume unwinding existing ones), and locates the strikes that carry hedging-driven support or resistance based on dealer-gamma concentration.