BOIL250117P00040000 Option on ProShares Ultra Bloomberg
BOIL Etf | USD 54.68 2.47 4.73% |
BOIL250117P00040000 is a PUT option contract on ProShares Ultra's common stock with a strick price of 40.0 expiring on 2025-01-17. The contract was not traded in recent days and, as of today, has 9 days remaining before the expiration. The option is currently trading at a bid price of $14.6, and an ask price of $15.6. The implied volatility as of the 8th of January is 9.0.
ProShares |
When exercised, put options on ProShares Ultra produce a short position in ProShares Etf. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on ProShares Ultra's downside price movement.
Rule 16 of 2025-01-17 Option Contract
The options market is anticipating that ProShares Ultra Bloomberg will have an average daily up or down price movement of about 0.0704% per day over the life of the option. With ProShares Ultra trading at USD 54.68, that is roughly USD 0.0385. If you think that the market is fully understating ProShares Ultra's daily price movement you should consider buying ProShares Ultra Bloomberg options at that current volatility level of 1.13%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on ProShares Ultra
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 Ultra's 'Out of The Money' options include buying the options if you expect a big move in ProShares Ultra'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 | BOIL250117P00040000 |
Expires On | 2025-01-17 |
Days Before Expriration | 9 |
Vega | 0.15907 |
Gamma | 0.004289 |
Theoretical Value | 15.1 |
Open Interest | 30 |
Strike Price | 40.0 |
Current Price Spread | 14.6 | 15.6 |
Rule 16 Daily Up or Down | USD 0.0385 |
ProShares short PUT Option Greeks
ProShares Ultra's Option Greeks for the contract ending on 2025-01-17 at a strike price of 40.0 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 Ultra's option greeks, its implied volatility helps estimate the risk of ProShares Ultra stock implied by the prices of the options on ProShares Ultra's stock.
Delta | -0.194538 | |
Gamma | 0.004289 | |
Theta | -0.016124 | |
Vega | 0.15907 | |
Rho | -0.246928 |
ProShares long PUT Option Payoff at expiration
Put options written on ProShares Ultra grant holders of the option the right to sell a specified amount of ProShares Ultra 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 ProShares Etf cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on ProShares Ultra is like buying insurance aginst ProShares Ultra's downside shift.
Profit |
ProShares Ultra Price At Expiration |
ProShares short PUT Option Payoff at expiration
By selling ProShares Ultra's put option, the investors signal their bearish sentiment. A short position in a put option written on ProShares Ultra will generally make money when the underlying price is above the strike price. Therefore ProShares Ultra's put payoff at expiration depends on where the ProShares Etf price is relative to the put option strike price. The breakeven price of 24.9 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 ProShares Ultra's price. Finally, at the strike price of 40.0, the payoff chart is constant and positive.
Profit |
ProShares Ultra Price At Expiration |
ProShares Ultra Bloomberg Available Put Options
ProShares Ultra'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 Ultra 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.
Open Int | Strike Price | Current Spread | Last Price | |||
Put | BOIL250110P00030000 | 0 | 30.0 | 0.61 - 1.1 | 0.9 | |
Put | BOIL250110P00035000 | 0 | 35.0 | 1.78 - 2.51 | 1.78 | |
Put | BOIL250110P00040000 | 0 | 40.0 | 3.75 - 4.7 | 3.75 | |
Put | BOIL250110P00041000 | 0 | 41.0 | 4.25 - 5.25 | 4.25 | |
Put | BOIL250110P00042000 | 0 | 42.0 | 4.8 - 5.75 | 4.8 | |
Put | BOIL250110P00043000 | 0 | 43.0 | 5.3 - 6.35 | 5.3 | |
Put | BOIL250110P00043500 | 0 | 43.5 | 5.6 - 6.65 | 5.6 | |
Put | BOIL250110P00044000 | 0 | 44.0 | 4.8 - 8.35 | 4.8 | |
Put | BOIL250110P00044500 | 0 | 44.5 | 6.2 - 7.2 | 6.2 | |
Put | BOIL250110P00045000 | 0 | 45.0 | 6.5 - 7.55 | 6.5 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Bloomberg. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
The market value of ProShares Ultra Bloomberg 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 Ultra's value that differs from its market value or its book value, called intrinsic value, which is ProShares Ultra'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 Ultra's market value can be influenced by many factors that don't directly affect ProShares Ultra'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 Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Ultra'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.