ProShares Ultra Stock Options

UWM Etf  USD 35.42  0.77  2.22%   
ProShares Ultra's latest option contracts expiring on April 17th 2025 are carrying combined implied volatility of 0.67 with a put-to-call open interest ratio of 0.16 over 46 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on April 17th 2025.

Open Interest Against April 17th 2025 Option Contracts

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

ProShares Ultra Maximum Pain Price Across 2025-04-17 Option Contracts

Max pain occurs when ProShares Ultra's market makers reach a net positive position across all ProShares Ultra's options at a strike price where option holders stand to lose the most money. By contrast, ProShares Ultra's 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 Ultra

Analyzing ProShares Ultra's in-the-money options over time can help investors to take a profitable long position in ProShares Ultra regardless of its overall volatility. This is especially true when ProShares Ultra's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money ProShares Ultra's options could be used as guardians of the underlying stock as they move almost dollar for dollar with ProShares Ultra's stock while costing only a fraction of its price.
Please note that buying 'in-the-money' options on ProShares Ultra lessens the impact of time decay, as they carry both intrinsic and time value. So, even if ProShares Ultra'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 ProShares Ultra 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 ProShares Etf moves the wrong way.

ProShares Ultra Russ In The Money Call Balance

When ProShares Ultra's strike price is surpassing the current stock price, the option contract against ProShares Ultra Russell2000 stock is said to be in the money. When it comes to buying ProShares Ultra'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 Ultra Russell2000 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 Ultra'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 Ultra's options investors are not very successful. ProShares Ultra'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 Ultra Russell2000 will have an average daily up or down price movement of about 0.0419% per day over the life of the 2025-04-17 option contract. With ProShares Ultra trading at USD 35.42, that is roughly USD 0.0148. If you think that the market is fully incorporating ProShares Ultra's daily price movement you should consider buying ProShares Ultra Russell2000 options at the current volatility level of 0.67%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
Purchasing ProShares Ultra 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 Ultra Russell2000 stock to the call owner when a call is exercised.

ProShares Ultra Option Chain

When ProShares Ultra's strike price is surpassing the current stock price, the option contract against ProShares Ultra Russell2000 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 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 IntStrike PriceCurrent SpreadLast Price
Call
UWM250417C00070000070.00.0 - 0.50.5Out
Call
UWM250417C00065000965.00.0 - 0.250.45Out
Call
UWM250417C00060000660.00.0 - 0.51.8Out
Call
UWM250417C0005500031155.00.0 - 0.50.38Out
Call
UWM250417C0005000016150.00.0 - 0.450.45Out
Call
UWM250417C00048000948.00.0 - 0.451.53Out
Call
UWM250417C00047000947.00.0 - 0.50.85Out
Call
UWM250417C00046000446.00.0 - 0.352.93Out
Call
UWM250417C000450003045.00.0 - 0.51.77Out
Call
UWM250417C000440001044.00.0 - 0.50.56Out
Call
UWM250417C00043000643.00.0 - 0.250.27Out
Call
UWM250417C000420009042.00.0 - 0.351.5Out
Call
UWM250417C000410001541.00.0 - 0.40.37Out
Call
UWM250417C000400007240.00.15 - 0.60.18Out
Call
UWM250417C000390002939.00.3 - 0.650.65Out
Call
UWM250417C000380001238.00.6 - 1.00.72Out
Call
UWM250417C000370001137.00.85 - 2.251.0Out
Call
UWM250417C00036000736.01.25 - 1.651.32Out
Call
UWM250417C00035000935.01.8 - 2.11.85Out
Call
UWM250417C000340001434.02.0 - 2.652.41In
Call
UWM250417C00033000933.02.95 - 3.32.2In
Call
UWM250417C00032000132.03.4 - 4.111.2In
Call
UWM250417C00030000130.05.0 - 5.56.4In
Call
UWM250417C000250001225.09.5 - 10.19.59In
 Put
UWM250417P00070000070.033.6 - 37.233.6In
 Put
UWM250417P00065000065.028.5 - 31.728.5In
 Put
UWM250417P00060000060.024.9 - 27.217.9In
 Put
UWM250417P00055000055.020.0 - 20.520.0In
 Put
UWM250417P000500002750.015.0 - 15.78.3In
 Put
UWM250417P00048000048.013.0 - 13.613.0In
 Put
UWM250417P00047000047.012.0 - 12.712.0In
 Put
UWM250417P00046000146.011.0 - 11.78.25In
 Put
UWM250417P00045000345.010.0 - 10.76.2In
 Put
UWM250417P00044000244.09.1 - 9.66.19In
 Put
UWM250417P00043000543.08.1 - 8.75.0In
 Put
UWM250417P000420001242.07.2 - 7.88.3In
 Put
UWM250417P00041000141.06.2 - 6.93.79In
 Put
UWM250417P000400001940.05.1 - 6.02.67In
 Put
UWM250417P00039000139.04.5 - 5.11.75In
 Put
UWM250417P000380001638.03.9 - 4.42.0In
 Put
UWM250417P000370001437.03.2 - 3.81.83In
 Put
UWM250417P000360002036.02.65 - 3.02.07In
 Put
UWM250417P00035000335.02.05 - 2.52.62In
 Put
UWM250417P00034000434.01.65 - 1.952.25Out
 Put
UWM250417P00033000233.01.1 - 1.651.9Out
 Put
UWM250417P00030000230.00.4 - 0.81.0Out

When determining whether ProShares Ultra Russ is a strong investment it is important to analyze ProShares Ultra'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 ProShares Ultra's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Russell2000. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.
You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of ProShares Ultra Russ 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.