2024-05-17 PUT at $46.0 Option on SPDR SP Bank
| KBE Etf | USD 47.89 0.25 0.52% |
2024-05-17 PUT at $46.0 is a PUT option contract on SPDR SP's common stock with a strick price of 46.0 expiring on 2024-05-17. The contract was last traded on 2024-05-10 at 09:31:46 for $0.15 and, as of today, has 2 days remaining before the expiration. The option is currently trading at a bid price of $0.05, and an ask price of $5.0. The implied volatility as of the 15th of May 2024 is 237.95.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in SPDR SP Bank. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
SPDR |
A put option written on SPDR SP becomes more valuable as the price of SPDR SP drops. Conversely, SPDR SP's put option loses its value as SPDR Etf rises. When exercised, put options on SPDR SP produce a short position in SPDR Etf. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on SPDR SP's downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that SPDR SP Bank will have an average daily up or down price movement of about 14.87% per day over the life of the option. With SPDR SP trading at USD 47.89, that is roughly USD 7.12. If you think that the market is fully understating SPDR SP's daily price movement you should consider buying SPDR SP Bank options at that current volatility level of 237.95%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on SPDR SP
An 'Out of The Money' option on SPDR has a strike price that SPDR 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 SPDR SP's 'Out of The Money' options include buying the options if you expect a big move in SPDR 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.
| Put Contract Name | 2024-05-17 PUT at $46.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 2 |
| Last Traded On | 2024-05-10 09:31:46 |
| Contract Period | MONTHLY |
| Open Interest | 870 |
| Current Trading Volume | 0.0 |
| Strike Price | 46.0 |
| Last Traded At | 0.15 |
| Current Price Spread | 0.05 | 5.0 |
| Rule 16 Daily Up or Down | USD7.12 |
SPDR short PUT Option Greeks
SPDR SP's Option Greeks for the contract ending on 2024-05-17 at a strike price of 46.0 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 SPDR SP's option greeks, its implied volatility helps estimate the risk of SPDR SP stock implied by the prices of the options on SPDR SP's stock.
| Delta | -0.3866 | |
| Gamma | 0.0456 | |
| Theta | -0.8002 | |
| Vega | 0.0135 | |
| Rho | -0.001 |
SPDR long PUT Option Payoff at expiration
Put options written on SPDR SP grant holders of the option the right to sell a specified amount of SPDR 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 SPDR Etf cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on SPDR SP is like buying insurance aginst SPDR SP's downside shift.
Profit |
| SPDR SP Price At Expiration |
SPDR short PUT Option Payoff at expiration
By selling SPDR SP's put option, the investors signal their bearish sentiment. A short position in a put option written on SPDR SP will generally make money when the underlying price is above the strike price. Therefore SPDR SP's put payoff at expiration depends on where the SPDR Etf price is relative to the put option strike price. The breakeven price of 43.47 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 SPDR SP's price. Finally, at the strike price of 46.0, the payoff chart is constant and positive.
Profit |
| SPDR SP Price At Expiration |
SPDR SP Bank Available Put Options
SPDR SP's option chain is a display of a range of information that helps investors for ways to trade options on SPDR. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for SPDR. It also shows strike prices and maturity days for a SPDR 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.
| Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Put | 2024-05-17 PUT at $46.0 | -0.3866 | 0.0456 | 870 | 2024-05-17 | 0.05 - 5.0 | 0.15 | Out |
Put | 2024-05-17 PUT at $47.0 | -0.3439 | 0.2157 | 263 | 2024-05-17 | 0.0 - 4.8 | 0.4 | Out |
Put | 2024-05-17 PUT at $49.0 | -0.5925 | 0.0827 | 1 | 2024-05-17 | 0.3 - 5.0 | 2.3 | In |
Put | 2024-05-17 PUT at $50.0 | -0.6217 | 0.0621 | 0 | 2024-05-17 | 1.7 - 6.0 | 6.69 | In |
Put | 2024-05-17 PUT at $51.0 | -0.6833 | 0.0594 | 0 | 2024-05-17 | 2.1 - 6.9 | 4.7 | In |
Put | 2024-05-17 PUT at $52.0 | -0.7643 | 0.0575 | 0 | 2024-05-17 | 2.6 - 7.5 | 0.0 | In |
Put | 2024-05-17 PUT at $53.0 | -0.7619 | 0.0477 | 0 | 2024-05-17 | 3.8 - 8.6 | 0.0 | In |
Put | 2024-05-17 PUT at $54.0 | -0.743 | 0.0399 | 0 | 2024-05-17 | 5.1 - 9.9 | 0.0 | In |
Put | 2024-05-17 PUT at $55.0 | -0.7665 | 0.0365 | 0 | 2024-05-17 | 6.0 - 10.8 | 0.0 | In |
Put | 2024-05-17 PUT at $56.0 | -0.7943 | 0.0337 | 0 | 2024-05-17 | 6.8 - 11.7 | 0.0 | In |
Put | 2024-05-17 PUT at $57.0 | -0.7869 | 0.0305 | 0 | 2024-05-17 | 8.0 - 12.8 | 0.0 | In |
Put | 2024-05-17 PUT at $58.0 | -0.8058 | 0.0283 | 0 | 2024-05-17 | 8.9 - 13.7 | 0.0 | In |
Put | 2024-05-17 PUT at $59.0 | -0.8129 | 0.0263 | 0 | 2024-05-17 | 9.9 - 14.7 | 0.0 | In |
Put | 2024-05-17 PUT at $60.0 | -0.804 | 0.0245 | 0 | 2024-05-17 | 11.1 - 15.8 | 0.0 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SPDR SP without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Already Invested in SPDR SP Bank?
The danger of trading SPDR SP Bank is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of SPDR SP is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than SPDR SP. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SPDR SP Bank is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether SPDR SP Bank is a strong investment it is important to analyze SPDR SP'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 SPDR SP's future performance. For an informed investment choice regarding SPDR Etf, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in SPDR SP Bank. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the SPDR SP Bank information on this page should be used as a complementary analysis to other SPDR SP's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. 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 SPDR SP Bank is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR SP's value that differs from its market value or its book value, called intrinsic value, which is SPDR 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 SPDR SP's market value can be influenced by many factors that don't directly affect SPDR 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 SPDR SP's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR SP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR 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.