2024-06-21 CALL at $26.0 Option on ProShares UltraShort
| SDS Etf | USD 24.91 0.43 1.70% |
2024-06-21 CALL at $26.0 is a CALL option contract on ProShares UltraShort's common stock with a strick price of 26.0 expiring on 2024-06-21. The contract was last traded on 2024-05-31 at 15:59:50 for $0.26 and, as of today, has 18 days remaining before the expiration. The option is currently trading at a bid price of $0.15, and an ask price of $0.25. The implied volatility as of the 3rd of June is 38.35.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares UltraShort SP500. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
ProShares |
Call options on ProShares UltraShort give the investor right to buy ProShares Etf at a specified price within a specific period. The strike price represents the predetermined price at which a call buyer can buy ProShares Etf. Call options may be purchased for speculation or sold for income purposes, or simply combined for various spread or combination strategies. If ProShares UltraShort's price is above the strike price at expiry, the profit is the current ProShares UltraShort's stock price, minus the strike price and the premium.
Rule 16 of 2024-06-21 Option Contract
The options market is anticipating that ProShares UltraShort SP500 will have an average daily up or down price movement of about 2.4% per day over the life of the option. With ProShares UltraShort trading at USD 24.91, that is roughly USD 0.6. If you think that the market is fully understating ProShares UltraShort's daily price movement you should consider buying ProShares UltraShort SP500 options at that current volatility level of 38.35%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Call Option on ProShares UltraShort
An 'Out of The Money' option on ProShares has a strike price that ProShares Etf has yet to reach, meaning the option has no intrinsic value. 'Out of The Money' options are usually less costly than 'In The Money' options, making them more desirable to traders with smaller amounts of capital. Some of the uses for ProShares UltraShort's 'Out of The Money' options include buying the options if you expect a big move in ProShares UltraShort's stock. Since 'Out of The Money' options have a lower up-front cost (i.e., no intrinsic value) than 'In The Money' options, buying it is a reasonable choice.
| Call Contract Name | 2024-06-21 CALL at $26.0 |
| Expires On | 2024-06-21 |
| Days Before Expriration | 18 |
| Last Traded On | 2024-05-31 15:59:50 |
| Contract Period | MONTHLY |
| Open Interest | 1700 |
| Current Trading Volume | 1216.0 |
| Strike Price | 26.0 |
| Last Traded At | 0.26 |
| Current Price Spread | 0.15 | 0.25 |
| Rule 16 Daily Up or Down | USD0.6 |
ProShares short CALL Option Greeks
ProShares UltraShort's Option Greeks for the contract ending on 2024-06-21 at a strike price of 26.0 measures the various factors that affect its cost and calculated using a theoretical options pricing model. It helps investors make more informed decisions about whether to trade this option contract or when to trade it. In addition to ProShares UltraShort's option greeks, its implied volatility helps estimate the risk of ProShares UltraShort stock implied by the prices of the options on ProShares UltraShort's stock.
| Delta | 0.1902 | |
| Gamma | 0.129 | |
| Theta | -0.0056 | |
| Vega | 0.0147 | |
| Rho | 0.0016 |
ProShares long CALL Option Payoff at expiration
Buying ProShares UltraShort's call option is the simplest of option trades. A call option on ProShares Etf gives investors the right (but not the obligation) to purchase ProShares UltraShort at the given strike price. Therefore ProShares UltraShort's call intrinsic value or payoff at expiration depends on where the ProShares Etf price is relative to the call option strike price. The strike price of 26.0 is the critical point that divides the payoff function into two parts. Below the strike, the payoff chart is constant and negative (the trade is a loss). Above the strike, the payoff line is upward sloping as the option payoff rises in proportion with ProShares UltraShort's price. Finally, at the break-even point of 26.2, the line crosses zero, and trading ProShares becomes profitable.
Profit |
| ProShares UltraShort Price At Expiration |
ProShares short CALL Option Payoff at expiration
By selling ProShares UltraShort's call option, the investors signals his or her bearish sentiment. A short position in a call option written on ProShares UltraShort will generally make money when the underlying price goes down. Therefore ProShares UltraShort's call intrinsic value or payoff at expiration depends on where the ProShares Etf price is relative to the call option strike price. The strike price of 26.0 is the critical point that divides the payoff function into two parts. Below the strike, the payoff chart is constant and positive (the seller makes a profit). Above the strike, the payoff line is downward sloping as the option payoff drops in proportion to ProShares UltraShort's price. Finally, at the break-even point of 26.2, the line crosses zero, and trading ProShares becomes disadvantageous with no downside limits.
Profit |
| ProShares UltraShort Price At Expiration |
ProShares UltraShort Available Call Options
ProShares UltraShort's option chain is a display of a range of information that helps investors for ways to trade options on ProShares. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for ProShares. It also shows strike prices and maturity days for a ProShares UltraShort 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 $15.0 | 0.9065 | 0.0124 | 0 | 2024-06-21 | 8.0 - 12.3 | 0.0 | In |
Call | 2024-06-21 CALL at $18.0 | 0.8744 | 0.0218 | 0 | 2024-06-21 | 5.0 - 9.3 | 0.0 | In |
Call | 2024-06-21 CALL at $19.0 | 0.8593 | 0.0269 | 0 | 2024-06-21 | 4.0 - 8.3 | 0.0 | In |
Call | 2024-06-21 CALL at $20.0 | 0.8199 | 0.0359 | 52 | 2024-06-21 | 3.0 - 7.4 | 5.5 | In |
Call | 2024-06-21 CALL at $21.0 | 0.7885 | 0.0451 | 0 | 2024-06-21 | 2.1 - 6.4 | 5.03 | In |
Call | 2024-06-21 CALL at $22.0 | 0.7026 | 0.0557 | 2 | 2024-06-21 | 1.15 - 5.1 | 3.52 | In |
Call | 2024-06-21 CALL at $23.0 | 0.6967 | 0.082 | 3 | 2024-06-21 | 0.15 - 4.4 | 1.8 | In |
Call | 2024-06-21 CALL at $24.0 | 0.6056 | 0.1225 | 1501 | 2024-06-21 | 0.5 - 1.5 | 1.3 | In |
Call | 2024-06-21 CALL at $25.0 | 0.3771 | 0.185 | 2322 | 2024-06-21 | 0.35 - 0.55 | 0.6 | Out |
Call | 2024-06-21 CALL at $26.0 | 0.1902 | 0.129 | 1700 | 2024-06-21 | 0.15 - 0.25 | 0.26 | Out |
Call | 2024-06-21 CALL at $27.0 | 0.1417 | 0.0843 | 1236 | 2024-06-21 | 0.0 - 0.25 | 0.18 | Out |
Call | 2024-06-21 CALL at $28.0 | 0.0834 | 0.0553 | 1329 | 2024-06-21 | 0.05 - 0.15 | 0.1 | Out |
Call | 2024-06-21 CALL at $29.0 | 0.073 | 0.0427 | 204 | 2024-06-21 | 0.05 - 0.15 | 0.1 | Out |
Call | 2024-06-21 CALL at $30.0 | 0.0514 | 0.0308 | 1551 | 2024-06-21 | 0.0 - 0.1 | 0.07 | Out |
Call | 2024-06-21 CALL at $32.0 | 0.0436 | 0.0221 | 132 | 2024-06-21 | 0.0 - 0.25 | 0.07 | Out |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ProShares UltraShort without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Share Portfolio Now
Share PortfolioTrack or share privately all of your investments from the convenience of any device |
| All Next | Launch Module |
Already Invested in ProShares UltraShort SP500?
The danger of trading ProShares UltraShort SP500 is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ProShares UltraShort is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ProShares UltraShort. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ProShares UltraShort is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether ProShares UltraShort is a strong investment it is important to analyze ProShares UltraShort's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ProShares UltraShort's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares UltraShort SP500. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the ProShares UltraShort information on this page should be used as a complementary analysis to other ProShares UltraShort's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
The market value of ProShares UltraShort is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares UltraShort's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraShort's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProShares UltraShort's market value can be influenced by many factors that don't directly affect ProShares UltraShort's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProShares UltraShort's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraShort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraShort's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.