2024-09-20 PUT at $81.0 Option on Direxion Daily Regional
| DPST Etf | USD 102.85 1.54 1.52% |
2024-09-20 PUT at $81.0 is a PUT option contract on Direxion Daily's common stock with a strick price of 81.0 expiring on 2024-09-20. The contract was last traded on 2024-09-17 at 14:48:02 for $0.33 and, as of today, has 2 days remaining before the expiration. The option is currently trading at a bid price of $0.4, and an ask price of $0.5. The implied volatility as of the 18th of September 2024 is 169.75.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Daily Regional. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.
Direxion |
A put option written on Direxion Daily becomes more valuable as the price of Direxion Daily drops. Conversely, Direxion Daily's put option loses its value as Direxion Etf rises. When exercised, put options on Direxion Daily produce a short position in Direxion Etf. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Direxion Daily's downside price movement.
Rule 16 of 2024-09-20 Option Contract
The options market is anticipating that Direxion Daily Regional will have an average daily up or down price movement of about 10.61% per day over the life of the option. With Direxion Daily trading at USD 102.85, that is roughly USD 10.91. If you think that the market is fully understating Direxion Daily's daily price movement you should consider buying Direxion Daily Regional options at that current volatility level of 169.75%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on Direxion Daily
An 'Out of The Money' option on Direxion has a strike price that Direxion 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 Direxion Daily's 'Out of The Money' options include buying the options if you expect a big move in Direxion Daily'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.
| Put Contract Name | 2024-09-20 PUT at $81.0 |
| Expires On | 2024-09-20 |
| Days Before Expriration | 2 |
| Last Traded On | 2024-09-17 14:48:02 |
| Contract Period | MONTHLY |
| Open Interest | 353 |
| Current Trading Volume | 3.0 |
| Strike Price | 81.0 |
| Last Traded At | 0.33 |
| Current Price Spread | 0.4 | 0.5 |
| Rule 16 Daily Up or Down | USD10.91 |
Direxion short PUT Option Greeks
Direxion Daily's Option Greeks for the contract ending on 2024-09-20 at a strike price of 81.0 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 Direxion Daily's option greeks, its implied volatility helps estimate the risk of Direxion Daily stock implied by the prices of the options on Direxion Daily's stock.
| Delta | -0.0626 | |
| Gamma | 0.0079 | |
| Theta | -0.319 | |
| Vega | 0.0113 | |
| Rho | -5.0E-4 |
Direxion long PUT Option Payoff at expiration
Put options written on Direxion Daily grant holders of the option the right to sell a specified amount of Direxion Daily at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Direxion Etf cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Direxion Daily is like buying insurance aginst Direxion Daily's downside shift.
Profit |
| Direxion Daily Price At Expiration |
Direxion short PUT Option Payoff at expiration
By selling Direxion Daily's put option, the investors signal their bearish sentiment. A short position in a put option written on Direxion Daily will generally make money when the underlying price is above the strike price. Therefore Direxion Daily's put payoff at expiration depends on where the Direxion Etf price is relative to the put option strike price. The breakeven price of 80.55 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to Direxion Daily's price. Finally, at the strike price of 81.0, the payoff chart is constant and positive.
Profit |
| Direxion Daily Price At Expiration |
Direxion Daily Regional Available Put Options
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 | |||
Put | 2024-09-20 PUT at $50.0 | -0.0049 | 5.0E-4 | 724 | 2024-09-20 | 0.0 - 0.1 | 0.05 | Out |
Put | 2024-09-20 PUT at $55.0 | -0.0056 | 6.0E-4 | 481 | 2024-09-20 | 0.0 - 0.15 | 0.05 | Out |
Put | 2024-09-20 PUT at $57.0 | -0.0094 | 0.001 | 0 | 2024-09-20 | 0.0 - 0.3 | 0.09 | Out |
Put | 2024-09-20 PUT at $58.0 | -0.0104 | 0.0011 | 1 | 2024-09-20 | 0.0 - 0.2 | 0.1 | Out |
Put | 2024-09-20 PUT at $59.0 | -0.0424 | 0.0026 | 0 | 2024-09-20 | 0.05 - 1.35 | 0.0 | Out |
Put | 2024-09-20 PUT at $60.0 | -0.011 | 0.0012 | 378 | 2024-09-20 | 0.0 - 0.45 | 0.1 | Out |
Put | 2024-09-20 PUT at $61.0 | -0.0447 | 0.0028 | 0 | 2024-09-20 | 0.05 - 1.35 | 0.0 | Out |
Put | 2024-09-20 PUT at $62.0 | -0.0459 | 0.0029 | 1 | 2024-09-20 | 0.05 - 1.35 | 0.55 | Out |
Put | 2024-09-20 PUT at $63.0 | -0.0471 | 0.0031 | 0 | 2024-09-20 | 0.05 - 1.35 | 0.0 | Out |
Put | 2024-09-20 PUT at $64.0 | -0.0484 | 0.0033 | 0 | 2024-09-20 | 0.05 - 1.35 | 0.0 | Out |
Put | 2024-09-20 PUT at $65.0 | -0.0127 | 0.0016 | 248 | 2024-09-20 | 0.05 - 0.15 | 0.1 | Out |
Put | 2024-09-20 PUT at $66.0 | -0.0511 | 0.0036 | 7 | 2024-09-20 | 0.05 - 1.35 | 0.26 | Out |
Put | 2024-09-20 PUT at $67.0 | -0.0525 | 0.0038 | 2 | 2024-09-20 | 0.05 - 1.35 | 1.07 | Out |
Put | 2024-09-20 PUT at $68.0 | -0.0553 | 0.004 | 31 | 2024-09-20 | 0.05 - 1.4 | 0.16 | Out |
Put | 2024-09-20 PUT at $69.0 | -0.0299 | 0.0031 | 1 | 2024-09-20 | 0.05 - 0.5 | 0.65 | Out |
Put | 2024-09-20 PUT at $70.0 | -0.018 | 0.0024 | 227 | 2024-09-20 | 0.1 - 0.3 | 0.13 | Out |
Put | 2024-09-20 PUT at $71.0 | -0.0603 | 0.0047 | 12 | 2024-09-20 | 0.05 - 1.4 | 0.25 | Out |
Put | 2024-09-20 PUT at $72.0 | -0.0621 | 0.005 | 42 | 2024-09-20 | 0.05 - 1.4 | 0.35 | Out |
Put | 2024-09-20 PUT at $73.0 | -0.0598 | 0.0052 | 101 | 2024-09-20 | 0.05 - 1.25 | 0.4 | Out |
Put | 2024-09-20 PUT at $74.0 | -0.0587 | 0.0054 | 55 | 2024-09-20 | 0.1 - 1.1 | 0.25 | Out |
Put | 2024-09-20 PUT at $75.0 | -0.0236 | 0.0035 | 273 | 2024-09-20 | 0.1 - 0.4 | 0.15 | Out |
Put | 2024-09-20 PUT at $76.0 | -0.0499 | 0.0055 | 218 | 2024-09-20 | 0.1 - 0.8 | 0.42 | Out |
Put | 2024-09-20 PUT at $77.0 | -0.0278 | 0.0042 | 152 | 2024-09-20 | 0.1 - 0.3 | 0.17 | Out |
Put | 2024-09-20 PUT at $78.0 | -0.0474 | 0.0059 | 158 | 2024-09-20 | 0.15 - 0.35 | 0.35 | Out |
Put | 2024-09-20 PUT at $79.0 | -0.0469 | 0.0062 | 204 | 2024-09-20 | 0.25 - 0.4 | 0.46 | Out |
Put | 2024-09-20 PUT at $80.0 | -0.0558 | 0.0071 | 809 | 2024-09-20 | 0.35 - 0.45 | 0.3 | Out |
Put | 2024-09-20 PUT at $81.0 | -0.0626 | 0.0079 | 353 | 2024-09-20 | 0.4 - 0.5 | 0.33 | Out |
Put | 2024-09-20 PUT at $82.0 | -0.0696 | 0.0087 | 430 | 2024-09-20 | 0.45 - 0.55 | 0.35 | Out |
Put | 2024-09-20 PUT at $83.0 | -0.076 | 0.0096 | 129 | 2024-09-20 | 0.5 - 0.65 | 0.54 | Out |
Put | 2024-09-20 PUT at $84.0 | -0.0906 | 0.0108 | 93 | 2024-09-20 | 0.6 - 0.75 | 0.55 | Out |
Put | 2024-09-20 PUT at $85.0 | -0.1005 | 0.0119 | 1050 | 2024-09-20 | 0.7 - 0.85 | 0.75 | Out |
Put | 2024-09-20 PUT at $86.0 | -0.1163 | 0.0132 | 306 | 2024-09-20 | 0.85 - 0.95 | 0.65 | Out |
Put | 2024-09-20 PUT at $86.5 | -0.1224 | 0.0138 | 13 | 2024-09-20 | 0.9 - 1.05 | 0.95 | Out |
Put | 2024-09-20 PUT at $87.0 | -0.1304 | 0.0144 | 361 | 2024-09-20 | 0.95 - 1.1 | 0.49 | Out |
Put | 2024-09-20 PUT at $87.5 | -0.135 | 0.0151 | 26 | 2024-09-20 | 1.05 - 1.2 | 1.05 | Out |
Put | 2024-09-20 PUT at $88.0 | -0.1473 | 0.0157 | 168 | 2024-09-20 | 1.1 - 1.3 | 1.19 | Out |
Put | 2024-09-20 PUT at $88.5 | -0.1574 | 0.0163 | 3 | 2024-09-20 | 1.2 - 1.4 | 0.65 | Out |
Put | 2024-09-20 PUT at $89.0 | -0.1857 | 0.0165 | 263 | 2024-09-20 | 1.3 - 2.25 | 0.9 | Out |
Put | 2024-09-20 PUT at $90.0 | -0.1807 | 0.0184 | 514 | 2024-09-20 | 1.45 - 1.7 | 1.5 | Out |
Put | 2024-09-20 PUT at $91.0 | -0.2053 | 0.0196 | 408 | 2024-09-20 | 1.7 - 1.9 | 1.4 | Out |
Put | 2024-09-20 PUT at $91.5 | -0.2162 | 0.0202 | 42 | 2024-09-20 | 1.8 - 2.05 | 0.95 | Out |
Put | 2024-09-20 PUT at $92.0 | -0.2272 | 0.0208 | 140 | 2024-09-20 | 1.95 - 2.15 | 1.87 | Out |
Put | 2024-09-20 PUT at $92.5 | -0.2382 | 0.0214 | 6 | 2024-09-20 | 2.05 - 2.3 | 1.95 | Out |
Put | 2024-09-20 PUT at $93.0 | -0.2377 | 0.023 | 32 | 2024-09-20 | 1.95 - 2.4 | 2.01 | Out |
Put | 2024-09-20 PUT at $93.5 | -0.2265 | 0.0255 | 3 | 2024-09-20 | 1.45 - 2.6 | 1.64 | Out |
Put | 2024-09-20 PUT at $94.0 | -0.2743 | 0.0231 | 129 | 2024-09-20 | 2.5 - 2.75 | 2.26 | Out |
Put | 2024-09-20 PUT at $95.0 | -0.3032 | 0.0236 | 72 | 2024-09-20 | 1.95 - 3.1 | 3.1 | Out |
Put | 2024-09-20 PUT at $96.0 | -0.3128 | 0.0273 | 216 | 2024-09-20 | 1.25 - 3.4 | 2.8 | Out |
Put | 2024-09-20 PUT at $96.5 | -0.3376 | 0.0257 | 26 | 2024-09-20 | 3.3 - 3.6 | 6.46 | Out |
Put | 2024-09-20 PUT at $97.0 | -0.3512 | 0.026 | 10 | 2024-09-20 | 3.5 - 3.8 | 3.25 | Out |
Put | 2024-09-20 PUT at $98.0 | -0.3778 | 0.027 | 28 | 2024-09-20 | 3.9 - 4.2 | 4.0 | Out |
Put | 2024-09-20 PUT at $99.0 | -0.4059 | 0.0276 | 29 | 2024-09-20 | 4.3 - 4.6 | 4.0 | Out |
Put | 2024-09-20 PUT at $100.0 | -0.4316 | 0.0328 | 362 | 2024-09-20 | 3.0 - 5.1 | 4.1 | Out |
Put | 2024-09-20 PUT at $101.0 | -0.4665 | 0.0394 | 1 | 2024-09-20 | 3.3 - 5.6 | 3.85 | Out |
Put | 2024-09-20 PUT at $102.0 | -0.4957 | 0.0316 | 16 | 2024-09-20 | 3.8 - 6.2 | 5.39 | In |
Put | 2024-09-20 PUT at $103.0 | -0.5197 | 0.0287 | 0 | 2024-09-20 | 5.1 - 6.7 | 6.45 | In |
Put | 2024-09-20 PUT at $104.0 | -0.5543 | 0.0303 | 3 | 2024-09-20 | 6.1 - 7.3 | 5.15 | In |
Put | 2024-09-20 PUT at $105.0 | -0.5741 | 0.028 | 50 | 2024-09-20 | 7.5 - 7.9 | 8.0 | In |
Put | 2024-09-20 PUT at $106.0 | -0.6319 | 0.0326 | 0 | 2024-09-20 | 6.3 - 8.5 | 5.22 | In |
Put | 2024-09-20 PUT at $107.0 | -0.6321 | 0.0277 | 0 | 2024-09-20 | 7.8 - 9.9 | 7.5 | In |
Put | 2024-09-20 PUT at $108.0 | -0.6537 | 0.0266 | 0 | 2024-09-20 | 8.6 - 10.7 | 0.0 | In |
Put | 2024-09-20 PUT at $109.0 | -0.7001 | 0.0277 | 0 | 2024-09-20 | 9.1 - 10.7 | 0.0 | In |
Put | 2024-09-20 PUT at $110.0 | -0.7507 | 0.028 | 26 | 2024-09-20 | 9.1 - 11.4 | 11.52 | In |
Put | 2024-09-20 PUT at $111.0 | -0.7273 | 0.0242 | 0 | 2024-09-20 | 10.0 - 13.6 | 0.0 | In |
Put | 2024-09-20 PUT at $112.0 | -0.76 | 0.0237 | 5 | 2024-09-20 | 11.2 - 14.5 | 12.4 | In |
Put | 2024-09-20 PUT at $113.0 | -0.7531 | 0.0217 | 1 | 2024-09-20 | 12.0 - 15.3 | 16.1 | In |
Put | 2024-09-20 PUT at $114.0 | -0.8028 | 0.0213 | 0 | 2024-09-20 | 12.4 - 15.6 | 12.02 | In |
Put | 2024-09-20 PUT at $115.0 | -0.8626 | 0.0197 | 21 | 2024-09-20 | 13.2 - 15.6 | 21.6 | In |
Put | 2024-09-20 PUT at $116.0 | -0.8263 | 0.0189 | 0 | 2024-09-20 | 14.3 - 17.4 | 0.0 | In |
Put | 2024-09-20 PUT at $117.0 | -0.8665 | 0.0174 | 1 | 2024-09-20 | 15.1 - 17.8 | 19.8 | In |
Put | 2024-09-20 PUT at $118.0 | -0.917 | 0.0143 | 0 | 2024-09-20 | 15.9 - 18.2 | 0.0 | In |
Put | 2024-09-20 PUT at $119.0 | -0.8225 | 0.0161 | 0 | 2024-09-20 | 17.7 - 20.5 | 0.0 | In |
Put | 2024-09-20 PUT at $120.0 | -0.9632 | 0.0087 | 47 | 2024-09-20 | 17.5 - 20.1 | 32.8 | In |
Put | 2024-09-20 PUT at $125.0 | -0.8711 | 0.0121 | 18 | 2024-09-20 | 23.9 - 25.5 | 38.3 | In |
Put | 2024-09-20 PUT at $130.0 | -0.8971 | 0.0097 | 0 | 2024-09-20 | 28.4 - 30.6 | 40.03 | In |
Put | 2024-09-20 PUT at $135.0 | -0.9437 | 0.0065 | 0 | 2024-09-20 | 32.9 - 35.2 | 45.0 | In |
Put | 2024-09-20 PUT at $140.0 | -0.9221 | 0.0068 | 0 | 2024-09-20 | 37.9 - 40.8 | 33.0 | In |
Put | 2024-09-20 PUT at $145.0 | -0.938 | 0.0056 | 0 | 2024-09-20 | 42.7 - 45.7 | 0.0 | In |
Put | 2024-09-20 PUT at $150.0 | -0.9791 | 0.0027 | 0 | 2024-09-20 | 46.9 - 50.7 | 53.5 | In |
Put | 2024-09-20 PUT at $155.0 | -0.9601 | 0.0037 | 0 | 2024-09-20 | 52.3 - 55.7 | 0.0 | In |
Put | 2024-09-20 PUT at $160.0 | -0.9959 | 7.0E-4 | 0 | 2024-09-20 | 56.8 - 60.6 | 47.85 | In |
Put | 2024-09-20 PUT at $165.0 | -0.9674 | 0.0029 | 0 | 2024-09-20 | 62.3 - 65.6 | 78.4 | In |
Put | 2024-09-20 PUT at $170.0 | -0.9962 | 6.0E-4 | 0 | 2024-09-20 | 66.8 - 70.6 | 86.2 | In |
Additional Information and Resources on Investing in Direxion Etf
When determining whether Direxion Daily Regional is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Direxion Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Direxion Daily Regional Etf. Highlighted below are key reports to facilitate an investment decision about Direxion Daily Regional Etf:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Daily Regional. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
The market value of Direxion Daily Regional is measured differently than its book value, which is the value of Direxion that is recorded on the company's balance sheet. Investors also form their own opinion of Direxion Daily's value that differs from its market value or its book value, called intrinsic value, which is Direxion Daily'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 Direxion Daily's market value can be influenced by many factors that don't directly affect Direxion Daily'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 Direxion Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Daily'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.