Global X Stock Options Expiring on 21st of June
| XYLD Etf | USD 40.05 0.26 0.65% |
Global X's latest option contracts expiring on 2024-06-21 are carrying combined implied volatility of 17.8 with a put-to-call open interest ratio of 1.47 over 22 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on 2024-06-21. The current put volume is at 51, with calls trading at the volume of 0. This yields a 0.0 put-to-call volume ratio. The Global X option chain provides detailed quote and price information for the current Global X SP option contracts. It shows all of Global X's listed puts, calls, expiration dates, strike prices, and other pricing information.
Open Interest Against 2024-06-21 Option Contracts
Global X option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Global X's lending market. For example, when Global X's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Global X, he or she must hedge the risk by shorting Global X stock over its option's life.
2024-06-21
The chart above shows Global X'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. Global X's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Global X's option, there is no secondary market available for investors to trade.
Global X's stock options are financial instruments that give investors the right to buy or sell shares of Global X SP common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Global stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Global X's stock price goes up or down, the stock options follow.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Global X SP. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. Please note that buying 'in-the-money' options on Global X lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Global X's value remains static through the expiration date, the investor can sell to close an 'in-the-money' option to avoid a potential loss. However, in-the-money Global X contracts are usually more expensive to enter than their out-of-the-money counterparts. So keep in mind that while the payoffs on an in-the-money trade can be high, the investors could ultimately experience a more consequential loss if Global Etf moves the wrong way.
Global Current Options Market Mood
Global X'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 Global 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 Global X'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. Global X'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 Global X'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 Global contract
Base on the Rule 16, the options market is currently suggesting that Global X SP will have an average daily up or down price movement of about 1.11% per day over the life of the 2024-06-21 option contract. With Global X trading at USD 40.05, that is roughly USD 0.45. If you think that the market is fully incorporating Global X's daily price movement you should consider buying Global X SP options at the current volatility level of 17.8%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
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Global X Option Chain
When Global X's strike price is surpassing the current stock price, the option contract against Global X SP 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.
Global X's option chain is a display of a range of information that helps investors for ways to trade options on Global. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Global. It also shows strike prices and maturity days for a Global X 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 $35.0 | 0.7738 | 0.0352 | 0 | 2024-06-21 | 3.4 - 6.4 | 0.0 | In |
Call | 2024-06-21 CALL at $36.0 | 0.75 | 0.042 | 0 | 2024-06-21 | 2.55 - 5.4 | 0.0 | In |
Call | 2024-06-21 CALL at $37.0 | 0.7201 | 0.0513 | 0 | 2024-06-21 | 1.55 - 4.4 | 0.0 | In |
Call | 2024-06-21 CALL at $38.0 | 0.6808 | 0.0645 | 0 | 2024-06-21 | 0.55 - 3.4 | 0.0 | In |
Call | 2024-06-21 CALL at $39.0 | 0.7244 | 0.1613 | 0 | 2024-06-21 | 0.75 - 2.3 | 0.0 | In |
Call | 2024-06-21 CALL at $40.0 | 0.8806 | 1.4038 | 0 | 2024-06-21 | 0.1 - 0.25 | 0.0 | In |
Put | 2024-06-21 PUT at $38.0 | -0.0893 | 0.097 | 5 | 2024-06-21 | 0.0 - 0.15 | 0.07 | Out |
Put | 2024-06-21 PUT at $40.0 | -0.4219 | 0.6066 | 63 | 2024-06-21 | 0.1 - 0.3 | 0.25 | Out |
Put | 2024-06-21 PUT at $42.0 | -0.7525 | 0.1232 | 0 | 2024-06-21 | 0.8 - 3.7 | 1.79 | In |
Put | 2024-06-21 PUT at $43.0 | -0.7929 | 0.0882 | 0 | 2024-06-21 | 1.8 - 4.7 | 0.0 | In |
Put | 2024-06-21 PUT at $44.0 | -0.8185 | 0.0684 | 0 | 2024-06-21 | 2.8 - 5.7 | 0.0 | In |
Put | 2024-06-21 PUT at $45.0 | -0.8494 | 0.0555 | 0 | 2024-06-21 | 3.7 - 6.7 | 0.0 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Global X 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?
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Already Invested in Global X SP?
The danger of trading Global X SP 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 Global X 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 Global X. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Global X SP 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 Global X SP is a strong investment it is important to analyze Global X'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 Global X's future performance. For an informed investment choice regarding Global Etf, refer to the following important reports: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Global X SP. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
The market value of Global X SP is measured differently than its book value, which is the value of Global that is recorded on the company's balance sheet. Investors also form their own opinion of Global X's value that differs from its market value or its book value, called intrinsic value, which is Global X'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 Global X's market value can be influenced by many factors that don't directly affect Global X'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 Global X's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global X is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global X'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.