CURE240517C00089000 Option on Direxion Daily Healthcare
| CURE Etf | USD 113.99 2.00 1.79% |
Direxion Daily's latest option contracts expiring on 2024-06-21 are carrying combined implied volatility of 40.32 with a put-to-call open interest ratio of 1.35 over 98 outstanding agreements suggesting investors are buying more puts than calls on contracts expiring on 2024-06-21. The current put volume is at 26, with calls trading at the volume of 11. This yields a 2.36 put-to-call volume ratio.
Open Interest Against 2024-06-21 Option Contracts
2024-06-21
The chart above shows Direxion Daily's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Direxion Daily's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Direxion Daily's option, there is no secondary market available for investors to trade.
Direxion Daily Maximum Pain Price across 2024-06-21 Option Contracts
Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Direxion Daily close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Direxion Daily's option chain provides insight into all available option contracts written on Direxion Daily's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Direxion Daily's stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given Direxion option contract.
In The Money vs. Out of Money Option Contracts on Direxion Daily
Analyzing Direxion Daily's in-the-money options over time can help investors to take a profitable long position in Direxion Daily regardless of its overall volatility. This is especially true when Direxion Daily's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Direxion Daily's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Direxion Daily's stock while costing only a fraction of its price.
Direxion Daily's stock options are financial instruments that give investors the right to buy or sell shares of Direxion Daily Healthcare common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Direxion stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Direxion Daily's stock price goes up or down, the stock options follow.
Direxion Daily Healthcare In The Money Call Balance
When Direxion Daily's strike price is surpassing the current stock price, the option contract against Direxion Daily Healthcare stock is said to be in the money. When it comes to buying Direxion Daily's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Direxion Daily Healthcare are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
Direxion Current Options Market Mood
Direxion Daily's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Direxion Etf's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Most options investors, including buyers and sellers of Direxion Daily's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Direxion Daily's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Direxion Daily's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.
Rule 16 of the current Direxion contract
Base on the Rule 16, the options market is currently suggesting that Direxion Daily Healthcare will have an average daily up or down price movement of about 2.52% per day over the life of the 2024-06-21 option contract. With Direxion Daily trading at USD 113.99, that is roughly USD 2.87. If you think that the market is fully incorporating Direxion Daily's daily price movement you should consider buying Direxion Daily Healthcare options at the current volatility level of 40.32%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Direxion |
Purchasing Direxion Daily options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Direxion calls. Remember, the seller must deliver Direxion Daily Healthcare stock to the call owner when a call is exercised.
Direxion Daily Option Chain
When Direxion Daily's strike price is surpassing the current stock price, the option contract against Direxion Daily Healthcare stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
Direxion Daily's option chain is a display of a range of information that helps investors for ways to trade options on Direxion. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Direxion. It also shows strike prices and maturity days for a Direxion Daily against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone. | Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Call | 2024-06-21 CALL at $55.0 | 0.9802 | 0.0011 | 0 | 2024-06-21 | 58.4 - 60.6 | 0.0 | In |
Call | 2024-06-21 CALL at $60.0 | 0.9764 | 0.0014 | 0 | 2024-06-21 | 53.3 - 55.8 | 0.0 | In |
Call | 2024-06-21 CALL at $65.0 | 0.9907 | 9.0E-4 | 0 | 2024-06-21 | 48.0 - 50.5 | 0.0 | In |
Call | 2024-06-21 CALL at $70.0 | 0.9798 | 0.0017 | 0 | 2024-06-21 | 43.1 - 45.7 | 0.0 | In |
Call | 2024-06-21 CALL at $75.0 | 0.9684 | 0.0026 | 0 | 2024-06-21 | 38.4 - 40.7 | 0.0 | In |
Call | 2024-06-21 CALL at $80.0 | 0.9584 | 0.0036 | 0 | 2024-06-21 | 33.4 - 35.9 | 0.0 | In |
Call | 2024-06-21 CALL at $85.0 | 0.9528 | 0.0046 | 1 | 2024-06-21 | 28.3 - 31.0 | 22.7 | In |
Call | 2024-06-21 CALL at $90.0 | 0.9418 | 0.0064 | 1 | 2024-06-21 | 23.5 - 25.9 | 22.5 | In |
Call | 2024-06-21 CALL at $91.0 | 0.9288 | 0.0073 | 0 | 2024-06-21 | 22.7 - 25.0 | 0.0 | In |
Call | 2024-06-21 CALL at $92.0 | 0.934 | 0.0074 | 0 | 2024-06-21 | 21.6 - 23.9 | 0.0 | In |
Call | 2024-06-21 CALL at $93.0 | 0.9317 | 0.0079 | 0 | 2024-06-21 | 20.6 - 22.9 | 0.0 | In |
Call | 2024-06-21 CALL at $94.0 | 0.9294 | 0.0085 | 0 | 2024-06-21 | 19.6 - 21.9 | 0.0 | In |
Call | 2024-06-21 CALL at $95.0 | 0.9268 | 0.0091 | 0 | 2024-06-21 | 18.6 - 20.9 | 0.0 | In |
Call | 2024-06-21 CALL at $96.0 | 0.9155 | 0.0102 | 0 | 2024-06-21 | 17.8 - 19.9 | 0.0 | In |
Call | 2024-06-21 CALL at $97.0 | 0.9165 | 0.0108 | 0 | 2024-06-21 | 16.6 - 19.0 | 0.0 | In |
Call | 2024-06-21 CALL at $98.0 | 0.8754 | 0.0127 | 2 | 2024-06-21 | 15.6 - 19.0 | 12.2 | In |
Call | 2024-06-21 CALL at $99.0 | 0.8611 | 0.0137 | 0 | 2024-06-21 | 14.9 - 18.0 | 0.0 | In |
Call | 2024-06-21 CALL at $100.0 | 0.9052 | 0.014 | 3 | 2024-06-21 | 13.9 - 15.7 | 19.6 | In |
Call | 2024-06-21 CALL at $101.0 | 0.8554 | 0.0161 | 0 | 2024-06-21 | 12.8 - 15.9 | 0.0 | In |
Call | 2024-06-21 CALL at $102.0 | 0.8452 | 0.0176 | 0 | 2024-06-21 | 12.0 - 14.8 | 0.0 | In |
Call | 2024-06-21 CALL at $103.0 | 0.9019 | 0.0183 | 2 | 2024-06-21 | 11.3 - 13.9 | 11.7 | In |
Call | 2024-06-21 CALL at $104.0 | 0.8483 | 0.0215 | 0 | 2024-06-21 | 10.3 - 12.0 | 0.0 | In |
Call | 2024-06-21 CALL at $105.0 | 0.8308 | 0.0238 | 6 | 2024-06-21 | 9.4 - 11.1 | 12.8 | In |
Call | 2024-06-21 CALL at $106.0 | 0.8083 | 0.0263 | 3 | 2024-06-21 | 8.7 - 10.1 | 5.1 | In |
Call | 2024-06-21 CALL at $107.0 | 0.7658 | 0.0277 | 10 | 2024-06-21 | 7.7 - 10.0 | 6.8 | In |
Call | 2024-06-21 CALL at $108.0 | 0.7562 | 0.0317 | 1 | 2024-06-21 | 7.1 - 8.4 | 7.2 | In |
Call | 2024-06-21 CALL at $109.0 | 0.6978 | 0.0303 | 2 | 2024-06-21 | 6.4 - 8.8 | 2.55 | In |
Call | 2024-06-21 CALL at $110.0 | 0.6926 | 0.0374 | 8 | 2024-06-21 | 5.7 - 8.0 | 6.2 | In |
Call | 2024-06-21 CALL at $111.0 | 0.6517 | 0.0388 | 1 | 2024-06-21 | 5.0 - 6.2 | 5.9 | In |
Call | 2024-06-21 CALL at $112.0 | 0.6134 | 0.0414 | 6 | 2024-06-21 | 4.5 - 5.3 | 2.5 | In |
Call | 2024-06-21 CALL at $113.0 | 0.5708 | 0.0423 | 0 | 2024-06-21 | 4.0 - 4.7 | 0.0 | In |
Call | 2024-06-21 CALL at $114.0 | 0.5279 | 0.0439 | 3 | 2024-06-21 | 3.4 - 4.1 | 2.3 | Out |
Call | 2024-06-21 CALL at $115.0 | 0.4838 | 0.0443 | 6 | 2024-06-21 | 2.9 - 3.6 | 1.5 | Out |
Call | 2024-06-21 CALL at $116.0 | 0.441 | 0.0435 | 0 | 2024-06-21 | 2.5 - 3.2 | 0.0 | Out |
Call | 2024-06-21 CALL at $117.0 | 0.3858 | 0.0464 | 2 | 2024-06-21 | 2.1 - 2.75 | 2.14 | Out |
Call | 2024-06-21 CALL at $118.0 | 0.3524 | 0.0424 | 14 | 2024-06-21 | 1.75 - 2.25 | 2.0 | Out |
Call | 2024-06-21 CALL at $119.0 | 0.3129 | 0.0404 | 0 | 2024-06-21 | 1.4 - 2.0 | 0.0 | Out |
Call | 2024-06-21 CALL at $120.0 | 0.2648 | 0.0391 | 12 | 2024-06-21 | 1.2 - 1.75 | 1.3 | Out |
Call | 2024-06-21 CALL at $125.0 | 0.1225 | 0.0238 | 27 | 2024-06-21 | 0.45 - 1.0 | 0.5 | Out |
Call | 2024-06-21 CALL at $130.0 | 0.058 | 0.0127 | 4 | 2024-06-21 | 0.2 - 0.3 | 0.22 | Out |
Call | 2024-06-21 CALL at $135.0 | 0.0277 | 0.0066 | 8 | 2024-06-21 | 0.05 - 0.15 | 0.35 | Out |
Put | 2024-06-21 PUT at $85.0 | -0.038 | 0.0041 | 5 | 2024-06-21 | 0.05 - 0.6 | 0.18 | Out |
Put | 2024-06-21 PUT at $90.0 | -0.0765 | 0.0071 | 10 | 2024-06-21 | 0.05 - 1.45 | 0.82 | Out |
Put | 2024-06-21 PUT at $94.0 | -0.0911 | 0.0093 | 4 | 2024-06-21 | 0.1 - 1.5 | 0.42 | Out |
Put | 2024-06-21 PUT at $95.0 | -0.0776 | 0.0094 | 21 | 2024-06-21 | 0.1 - 1.05 | 0.6 | Out |
Put | 2024-06-21 PUT at $96.0 | -0.044 | 0.0078 | 10 | 2024-06-21 | 0.1 - 0.35 | 0.7 | Out |
Put | 2024-06-21 PUT at $97.0 | -0.0527 | 0.009 | 1 | 2024-06-21 | 0.2 - 0.35 | 0.53 | Out |
Put | 2024-06-21 PUT at $98.0 | -0.0584 | 0.0101 | 1 | 2024-06-21 | 0.25 - 0.35 | 0.35 | Out |
Put | 2024-06-21 PUT at $99.0 | -0.0645 | 0.0113 | 0 | 2024-06-21 | 0.25 - 0.4 | 0.0 | Out |
Put | 2024-06-21 PUT at $100.0 | -0.0749 | 0.013 | 27 | 2024-06-21 | 0.3 - 0.45 | 0.38 | Out |
Put | 2024-06-21 PUT at $101.0 | -0.0845 | 0.0147 | 1 | 2024-06-21 | 0.35 - 0.5 | 1.27 | Out |
Put | 2024-06-21 PUT at $102.0 | -0.0924 | 0.0164 | 17 | 2024-06-21 | 0.4 - 0.55 | 0.45 | Out |
Put | 2024-06-21 PUT at $103.0 | -0.1128 | 0.0189 | 15 | 2024-06-21 | 0.5 - 0.65 | 0.55 | Out |
Put | 2024-06-21 PUT at $104.0 | -0.1167 | 0.0211 | 2 | 2024-06-21 | 0.35 - 0.75 | 2.7 | Out |
Put | 2024-06-21 PUT at $105.0 | -0.1519 | 0.0241 | 18 | 2024-06-21 | 0.7 - 0.9 | 2.65 | Out |
Put | 2024-06-21 PUT at $106.0 | -0.174 | 0.027 | 2 | 2024-06-21 | 0.8 - 1.05 | 1.1 | Out |
Put | 2024-06-21 PUT at $107.0 | -0.1932 | 0.0304 | 3 | 2024-06-21 | 0.8 - 1.2 | 3.8 | Out |
Put | 2024-06-21 PUT at $108.0 | -0.2301 | 0.0332 | 4 | 2024-06-21 | 1.1 - 1.45 | 2.55 | Out |
Put | 2024-06-21 PUT at $109.0 | -0.2604 | 0.0367 | 1 | 2024-06-21 | 1.25 - 1.65 | 1.5 | Out |
Put | 2024-06-21 PUT at $110.0 | -0.3035 | 0.0387 | 10 | 2024-06-21 | 1.65 - 2.0 | 5.15 | Out |
Put | 2024-06-21 PUT at $111.0 | -0.3417 | 0.0416 | 0 | 2024-06-21 | 1.9 - 2.3 | 0.0 | Out |
Put | 2024-06-21 PUT at $112.0 | -0.3831 | 0.0445 | 0 | 2024-06-21 | 2.15 - 2.65 | 0.0 | Out |
Put | 2024-06-21 PUT at $113.0 | -0.4255 | 0.0496 | 0 | 2024-06-21 | 2.05 - 3.1 | 0.0 | Out |
Put | 2024-06-21 PUT at $114.0 | -0.4761 | 0.0548 | 0 | 2024-06-21 | 2.0 - 3.6 | 0.0 | In |
Put | 2024-06-21 PUT at $115.0 | -0.5262 | 0.0502 | 3 | 2024-06-21 | 3.0 - 4.2 | 10.05 | In |
Put | 2024-06-21 PUT at $116.0 | -0.5822 | 0.0601 | 0 | 2024-06-21 | 3.3 - 4.7 | 0.0 | In |
Put | 2024-06-21 PUT at $117.0 | -0.6193 | 0.0467 | 0 | 2024-06-21 | 4.4 - 5.4 | 0.0 | In |
Put | 2024-06-21 PUT at $118.0 | -0.665 | 0.045 | 0 | 2024-06-21 | 5.0 - 6.1 | 0.0 | In |
Put | 2024-06-21 PUT at $119.0 | -0.7013 | 0.0416 | 0 | 2024-06-21 | 5.7 - 7.0 | 0.0 | In |
Put | 2024-06-21 PUT at $120.0 | -0.8593 | 0.0429 | 0 | 2024-06-21 | 5.0 - 7.5 | 0.0 | In |
Put | 2024-06-21 PUT at $125.0 | -0.9393 | 0.0176 | 0 | 2024-06-21 | 10.2 - 12.0 | 0.0 | In |
Put | 2024-06-21 PUT at $130.0 | -0.8541 | 0.0172 | 0 | 2024-06-21 | 14.1 - 16.8 | 0.0 | In |
Put | 2024-06-21 PUT at $135.0 | <