GSG250117C00021000 Option on iShares SP GSCI
GSG Etf | USD 22.07 0.10 0.46% |
GSG250117C00021000 is a PUT option contract on IShares SP's common stock with a strick price of 21.0 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 $3.9, and an ask price of $4.2. The implied volatility as of the 8th of January is 9.0.
IShares |
When exercised, put options on IShares SP produce a short position in IShares Etf. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on IShares SP's downside price movement.
Rule 16 of 2025-01-17 Option Contract
The options market is anticipating that iShares SP GSCI will have an average daily up or down price movement of about 0.0164% per day over the life of the option. With IShares SP trading at USD 22.07, that is roughly USD 0.003628. If you think that the market is fully understating IShares SP's daily price movement you should consider buying iShares SP GSCI options at that current volatility level of 0.26%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Call Option on IShares SP
An 'Out of The Money' option on IShares has a strike price that IShares 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 IShares SP's 'Out of The Money' options include buying the options if you expect a big move in IShares SP'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 | GSG250117C00021000 |
Expires On | 2025-01-17 |
Days Before Expriration | 9 |
Delta | 0.718702 |
Vega | 0.085361 |
Gamma | 0.050703 |
Theoretical Value | 4.05 |
Open Interest | 3 |
Strike Price | 21.0 |
Current Price Spread | 3.9 | 4.2 |
Rule 16 Daily Up or Down | USD 0.003628 |
IShares short PUT Option Greeks
IShares SP's Option Greeks for the contract ending on 2025-01-17 at a strike price of 21.0 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 IShares SP's option greeks, its implied volatility helps estimate the risk of IShares SP stock implied by the prices of the options on IShares SP's stock.
Delta | 0.718702 | |
Gamma | 0.050703 | |
Theta | -0.004165 | |
Vega | 0.085361 | |
Rho | 0.154428 |
IShares long PUT Option Payoff at expiration
Put options written on IShares SP grant holders of the option the right to sell a specified amount of IShares SP 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 IShares Etf cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on IShares SP is like buying insurance aginst IShares SP's downside shift.
Profit |
IShares SP Price At Expiration |
IShares short PUT Option Payoff at expiration
By selling IShares SP's put option, the investors signal their bearish sentiment. A short position in a put option written on IShares SP will generally make money when the underlying price is above the strike price. Therefore IShares SP's put payoff at expiration depends on where the IShares Etf price is relative to the put option strike price. The breakeven price of 25.05 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 IShares SP's price. Finally, at the strike price of 21.0, the payoff chart is constant and positive.
Profit |
IShares SP Price At Expiration |
iShares SP GSCI Available Call Options
IShares SP's option chain is a display of a range of information that helps investors for ways to trade options on IShares. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for IShares. It also shows strike prices and maturity days for a IShares SP 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 | |||
Call | GSG250117C00010000 | 0 | 10.0 | 12.5 - 13.2 | 12.5 | |
Call | GSG250117C00011000 | 0 | 11.0 | 11.5 - 12.4 | 11.5 | |
Call | GSG250117C00012000 | 0 | 12.0 | 9.0 - 14.0 | 9.0 | |
Call | GSG250117C00013000 | 0 | 13.0 | 8.0 - 13.0 | 8.0 | |
Call | GSG250117C00014000 | 0 | 14.0 | 8.3 - 9.8 | 8.3 | |
Call | GSG250117C00015000 | 0 | 15.0 | 8.0 - 9.0 | 8.0 | |
Call | GSG250117C00016000 | 6 | 16.0 | 7.3 - 7.9 | 7.3 | Out |
Call | GSG250117C00017000 | 17 | 17.0 | 6.5 - 7.1 | 6.5 | Out |
Call | GSG250117C00018000 | 10 | 18.0 | 5.5 - 6.3 | 5.5 | Out |
Call | GSG250117C00019000 | 0 | 19.0 | 5.3 - 5.6 | 5.3 | |
Call | GSG250117C00020000 | 4 | 20.0 | 4.6 - 4.9 | 4.6 | Out |
Call | GSG250117C00021000 | 3 | 21.0 | 3.9 - 4.2 | 3.9 | Out |
Call | GSG250117C00022000 | 21 | 22.0 | 3.3 - 3.6 | 3.3 | Out |
Call | GSG250117C00023000 | 2 | 23.0 | 2.8 - 3.0 | 2.98 | Out |
Call | GSG250117C00024000 | 3 | 24.0 | 2.35 - 2.5 | 2.41 | Out |
Call | GSG250117C00025000 | 1 | 25.0 | 1.9 - 2.25 | 1.9 | Out |
Call | GSG250117C00027000 | 20 | 27.0 | 0.2 - 4.5 | 0.2 | Out |
Call | GSG250117C00029000 | 2 | 29.0 | 0.1 - 4.8 | 0.1 | Out |
Call | GSG250117C00030000 | 7 | 30.0 | 0.2 - 4.8 | 0.2 | Out |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares SP GSCI. 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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
The market value of iShares SP GSCI is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares SP's value that differs from its market value or its book value, called intrinsic value, which is IShares SP'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 IShares SP's market value can be influenced by many factors that don't directly affect IShares SP'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 IShares SP's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares SP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares SP'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.