ProShares UltraShort Stock Options

ZSL Etf  USD 34.62  1.15  3.21%   
ProShares UltraShort's latest option contracts expiring on May 16th 2025 are carrying combined implied volatility of 0.62 with a put-to-call open interest ratio of 0.35 over 38 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on May 16th 2025.

Open Interest Against May 16th 2025 Option Contracts

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

ProShares UltraShort Maximum Pain Price Across 2025-05-16 Option Contracts

ProShares UltraShort'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 UltraShort

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

ProShares UltraShort In The Money Call Balance

When ProShares UltraShort's strike price is surpassing the current stock price, the option contract against ProShares UltraShort Silver stock is said to be in the money. When it comes to buying ProShares UltraShort'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 UltraShort Silver 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 UltraShort'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

Most options investors, including buyers and sellers of ProShares UltraShort's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. ProShares UltraShort'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 UltraShort Silver will have an average daily up or down price movement of about 0.0388% per day over the life of the 2025-05-16 option contract. With ProShares UltraShort trading at USD 34.62, that is roughly USD 0.0134. If you think that the market is fully incorporating ProShares UltraShort's daily price movement you should consider buying ProShares UltraShort Silver options at the current volatility level of 0.62%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
Purchasing ProShares UltraShort 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 UltraShort Silver stock to the call owner when a call is exercised.

ProShares UltraShort Option Chain

When ProShares UltraShort's strike price is surpassing the current stock price, the option contract against ProShares UltraShort Silver 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 UltraShort'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 UltraShort 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
ZSL250516C00017000117.00.0 - 1.50.5Out
Call
ZSL250516C000200002020.013.6 - 17.311.8In
Call
ZSL250516C00030000130.04.3 - 8.07.5In
Call
ZSL250516C00031000131.03.8 - 7.18.2In
Call
ZSL250516C0003300011333.02.4 - 5.63.18In
Call
ZSL250516C00034000534.02.05 - 4.62.4In
Call
ZSL250516C000350003135.01.0 - 4.63.5In
Call
ZSL250516C00037000137.00.6 - 3.92.0Out
Call
ZSL250516C000380001338.00.45 - 3.60.9Out
Call
ZSL250516C00039000139.00.3 - 3.30.9Out
Call
ZSL250516C000400001140.00.25 - 2.74.8Out
Call
ZSL250516C00043000043.00.0 - 1.351.5Out
Call
ZSL250516C00044000044.00.0 - 1.651.65Out
Call
ZSL250516C00045000845.00.0 - 1.152.2Out
Call
ZSL250516C00046000046.00.0 - 2.22.2Out
Call
ZSL250516C00047000047.00.0 - 2.12.1Out
Call
ZSL250516C00048000048.00.0 - 1.151.15Out
Call
ZSL250516C00049000049.00.0 - 2.02.0Out
Call
ZSL250516C00050000150.00.0 - 1.951.9Out
Call
ZSL250516C000550003055.00.0 - 0.60.25Out
Call
ZSL250516C00060000060.00.0 - 0.750.75Out
 Put
ZSL250516P000120001012.01.5 - 5.24.61In
 Put
ZSL250516P000190001019.07.8 - 11.710.8In
 Put
ZSL250516P00020000120.00.1 - 0.950.4Out
 Put
ZSL250516P000370001437.02.6 - 6.25.76In
 Put
ZSL250516P00038000238.03.2 - 6.76.0In
 Put
ZSL250516P00040000140.04.6 - 7.78.8In
 Put
ZSL250516P00041000141.05.4 - 9.28.5In
 Put
ZSL250516P00043000043.06.9 - 11.06.9In
 Put
ZSL250516P00044000044.07.8 - 11.77.8In
 Put
ZSL250516P00045000045.08.7 - 12.78.7In
 Put
ZSL250516P00046000046.09.7 - 13.69.7In
 Put
ZSL250516P00047000047.010.5 - 14.610.5In
 Put
ZSL250516P00048000048.011.6 - 15.511.6In
 Put
ZSL250516P00049000049.012.5 - 16.512.5In
 Put
ZSL250516P00050000050.013.5 - 17.413.5In
 Put
ZSL250516P000550004555.019.0 - 22.318.7In
 Put
ZSL250516P00060000060.023.4 - 27.223.4In

When determining whether ProShares UltraShort is a strong investment it is important to analyze ProShares UltraShort'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 UltraShort's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ProShares UltraShort Silver. 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.
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The market value of ProShares UltraShort 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 UltraShort's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraShort'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 UltraShort's market value can be influenced by many factors that don't directly affect ProShares UltraShort'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 UltraShort's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraShort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraShort'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.