SH250117C00018000 Option on ProShares Short SP500

SH Etf  USD 44.43  0.02  0.04%   
ProShares Short's latest option contracts expiring on June 20th 2025 are carrying combined implied volatility of 0.27 with a put-to-call open interest ratio of 0.13 over 35 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on June 20th 2025. The total put volume is at 2.0, with calls trading at the volume of 70.0. This yields a 0.03 put-to-call volume ratio.

Open Interest Against June 20th 2025 Option Contracts

The chart above shows ProShares Short'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. ProShares Short's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for ProShares Short's option, there is no secondary market available for investors to trade.

ProShares Short Maximum Pain Price Across 2025-06-20 Option Contracts

ProShares Short's max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.

In The Money vs. Out of Money Option Contracts on ProShares Short

Analyzing ProShares Short's in-the-money options over time can help investors to take a profitable long position in ProShares Short regardless of its overall volatility. This is especially true when ProShares Short's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money ProShares Short's options could be used as guardians of the underlying stock as they move almost dollar for dollar with ProShares Short's stock while costing only a fraction of its price.

ProShares Short SP500 In The Money Call Balance

When ProShares Short's strike price is surpassing the current stock price, the option contract against ProShares Short SP500 stock is said to be in the money. When it comes to buying ProShares Short's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on ProShares Short SP500 are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

ProShares Current Options Market Mood

ProShares Short'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 ProShares 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

Unfortunately, most ProShares Short's options investors are not very successful. ProShares Short'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.

Rule 16 of the current ProShares contract

Base on the Rule 16, the options market is currently suggesting that ProShares Short SP500 will have an average daily up or down price movement of about 0.0169% per day over the life of the 2025-06-20 option contract. With ProShares Short trading at USD 44.43, that is roughly USD 0.007498. If you think that the market is fully incorporating ProShares Short's daily price movement you should consider buying ProShares Short SP500 options at the current volatility level of 0.27%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
Purchasing ProShares Short options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" ProShares calls. Remember, the seller must deliver ProShares Short SP500 stock to the call owner when a call is exercised.

ProShares Short Option Chain

When ProShares Short's strike price is surpassing the current stock price, the option contract against ProShares Short SP500 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.
ProShares Short'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 Short 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 IntStrike PriceCurrent SpreadLast Price
Call
SH250620C00055000555.00.15 - 0.250.19Out
Call
SH250620C000520003852.00.2 - 0.350.42Out
Call
SH250620C000510001451.00.1 - 0.40.55Out
Call
SH250620C0005000017650.00.35 - 0.450.5Out
Call
SH250620C00049000249.00.35 - 0.550.38Out
Call
SH250620C00048000848.00.5 - 1.251.07Out
Call
SH250620C000470005747.00.65 - 1.00.85Out
Call
SH250620C0004600010346.00.85 - 1.451.0Out
Call
SH250620C0004500019845.01.1 - 1.351.31Out
Call
SH250620C0004400017044.01.5 - 1.71.95In
Call
SH250620C0004300023343.01.95 - 2.152.14In
Call
SH250620C000420002442.02.35 - 4.23.1In
Call
SH250620C0004100021541.02.95 - 4.34.2In
Call
SH250620C000400002540.02.15 - 7.04.4In
Call
SH250620C00039000139.03.1 - 7.93.4In
Call
SH250620C000380002038.04.1 - 9.03.7In
Call
SH250620C000360001036.06.1 - 11.08.25In
Call
SH250620C00035000335.07.1 - 12.09.58In
Call
SH250620C00030000930.012.1 - 16.913.9In
 Put
SH250620P00038000538.00.0 - 1.350.25Out
 Put
SH250620P00039000139.00.0 - 0.451.9Out
 Put
SH250620P000400005740.00.0 - 1.20.07Out
 Put
SH250620P000410001441.00.0 - 0.251.48Out
 Put
SH250620P000420002642.00.4 - 0.450.45Out
 Put
SH250620P000430004243.00.6 - 0.80.77Out
 Put
SH250620P00044000544.01.0 - 1.552.9Out
 Put
SH250620P00045000745.01.6 - 2.42.1In
 Put
SH250620P000460001046.02.35 - 2.953.5In
 Put
SH250620P00047000047.03.1 - 3.73.1In
 Put
SH250620P00048000048.02.1 - 6.92.1In
 Put
SH250620P00049000049.03.1 - 7.83.1In
 Put
SH250620P00050000050.04.0 - 8.94.0In
 Put
SH250620P00051000051.04.9 - 9.54.9In
 Put
SH250620P00052000052.06.1 - 10.56.1In
 Put
SH250620P00055000055.09.2 - 13.59.2In

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Short SP500. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.
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The market value of ProShares Short SP500 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 Short's value that differs from its market value or its book value, called intrinsic value, which is ProShares Short'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 Short's market value can be influenced by many factors that don't directly affect ProShares Short'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 Short's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Short'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.