SPXL240524P00131000 Option on Direxion Daily SP500

SPXL Etf  USD 137.97  0.67  0.48%   
Direxion Daily's latest option contracts expiring on 2024-06-14 are carrying combined implied volatility of 41.61 with a put-to-call open interest ratio of 0.73 over 194 outstanding agreements suggesting investors are buying slightly more calls than puts on contracts expiring on 2024-06-14. The current put volume is at 912, with calls trading at the volume of 1.3 K. This yields a 0.71 put-to-call volume ratio.

Open Interest Against 2024-06-14 Option Contracts

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

Direxion Daily Maximum Pain Price across 2024-06-14 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Direxion Daily close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, 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.
Direxion Daily's option chain provides insight into all available option contracts written on Direxion Daily's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Direxion Daily's stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given Direxion option contract.

In The Money vs. Out of Money Option Contracts on Direxion Daily

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

Direxion Daily SP500 In The Money Call Balance

When Direxion Daily's strike price is surpassing the current stock price, the option contract against Direxion Daily SP500 stock is said to be in the money. When it comes to buying Direxion Daily'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 Direxion Daily 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.

Direxion Current Options Market Mood

Direxion Daily'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 Direxion 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 Direxion Daily'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. Direxion Daily'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. Using current Direxion Daily's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.

Rule 16 of the current Direxion contract

Base on the Rule 16, the options market is currently suggesting that Direxion Daily SP500 will have an average daily up or down price movement of about 2.6% per day over the life of the 2024-06-14 option contract. With Direxion Daily trading at USD 137.97, that is roughly USD 3.59. If you think that the market is fully incorporating Direxion Daily's daily price movement you should consider buying Direxion Daily SP500 options at the current volatility level of 41.61%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
Purchasing Direxion Daily 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" Direxion calls. Remember, the seller must deliver Direxion Daily SP500 stock to the call owner when a call is exercised.

Direxion Daily Option Chain

When Direxion Daily's strike price is surpassing the current stock price, the option contract against Direxion Daily 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.
Direxion Daily's option chain is a display of a range of information that helps investors for ways to trade options on Direxion. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Direxion. It also shows strike prices and maturity days for a Direxion Daily 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.
DeltaGammaOpen IntExpirationCurrent SpreadLast Price
Call
2024-06-14 CALL at $70.00.98976.0E-402024-06-1466.0 - 70.40.0In
Call
2024-06-14 CALL at $75.00.98897.0E-402024-06-1461.0 - 65.40.0In
Call
2024-06-14 CALL at $80.00.9889.0E-402024-06-1456.0 - 60.40.0In
Call
2024-06-14 CALL at $85.00.9870.001102024-06-1451.0 - 55.40.0In
Call
2024-06-14 CALL at $87.00.98650.001102024-06-1449.0 - 53.40.0In
Call
2024-06-14 CALL at $88.00.98630.001202024-06-1448.0 - 52.40.0In
Call
2024-06-14 CALL at $89.00.98610.001202024-06-1447.0 - 51.40.0In
Call
2024-06-14 CALL at $90.00.98580.001312024-06-1446.0 - 50.442.23In
Call
2024-06-14 CALL at $91.00.98560.001302024-06-1445.0 - 49.40.0In
Call
2024-06-14 CALL at $92.00.98180.001602024-06-1444.1 - 48.40.0In
Call
2024-06-14 CALL at $93.00.98150.001702024-06-1443.1 - 47.40.0In
Call
2024-06-14 CALL at $94.00.98110.001702024-06-1442.1 - 46.40.0In
Call
2024-06-14 CALL at $95.00.98070.001802024-06-1441.1 - 45.40.0In
Call
2024-06-14 CALL at $96.00.98030.001902024-06-1440.1 - 44.40.0In
Call
2024-06-14 CALL at $97.00.97990.00202024-06-1439.1 - 43.40.0In
Call
2024-06-14 CALL at $98.00.97950.00202024-06-1438.1 - 42.40.0In
Call
2024-06-14 CALL at $99.00.97910.002102024-06-1437.1 - 41.40.0In
Call
2024-06-14 CALL at $100.00.97860.002262024-06-1436.1 - 40.435.96In
Call
2024-06-14 CALL at $101.00.97810.002302024-06-1435.1 - 39.40.0In
Call
2024-06-14 CALL at $102.00.97760.002502024-06-1434.1 - 38.40.0In
Call
2024-06-14 CALL at $103.00.97710.002612024-06-1433.1 - 37.428.62In
Call
2024-06-14 CALL at $104.00.97660.002702024-06-1432.1 - 36.40.0In
Call
2024-06-14 CALL at $105.00.9760.002802024-06-1431.1 - 35.40.0In
Call
2024-06-14 CALL at $106.00.97540.00302024-06-1430.1 - 34.40.0In
Call
2024-06-14 CALL at $107.00.97480.003202024-06-1429.1 - 33.40.0In
Call
2024-06-14 CALL at $108.00.97410.003302024-06-1428.1 - 32.40.0In
Call
2024-06-14 CALL at $109.00.97350.003502024-06-1427.1 - 31.40.0In
Call
2024-06-14 CALL at $110.00.97270.003732024-06-1426.1 - 30.419.37In
Call
2024-06-14 CALL at $111.00.97190.00402024-06-1425.1 - 29.40.0In
Call
2024-06-14 CALL at $112.00.97110.004212024-06-1424.1 - 28.417.92In
Call
2024-06-14 CALL at $112.50.97070.004302024-06-1423.6 - 27.90.0In
Call
2024-06-14 CALL at $113.00.97030.004502024-06-1423.1 - 27.40.0In
Call
2024-06-14 CALL at $113.50.96410.005102024-06-1422.6 - 27.00.0In
Call
2024-06-14 CALL at $114.00.96350.005212024-06-1422.1 - 26.521.5In
Call
2024-06-14 CALL at $114.50.9630.005402024-06-1421.6 - 26.00.0In
Call
2024-06-14 CALL at $115.00.96230.0056112024-06-1421.1 - 25.514.08In
Call
2024-06-14 CALL at $115.50.96170.005802024-06-1420.6 - 25.00.0In
Call
2024-06-14 CALL at $116.00.96110.00602024-06-1420.1 - 24.50.0In
Call
2024-06-14 CALL at $116.50.96040.006232024-06-1419.6 - 24.011.9In
Call
2024-06-14 CALL at $117.00.95970.006432024-06-1419.1 - 23.514.6In
Call
2024-06-14 CALL at $117.50.9590.0067492024-06-1418.6 - 23.020.27In
Call
2024-06-14 CALL at $118.00.95820.006912024-06-1418.1 - 22.513.1In
Call
2024-06-14 CALL at $118.50.95740.007202024-06-1417.6 - 22.00.0In
Call
2024-06-14 CALL at $119.00.92540.009502024-06-1417.1 - 21.519.59In
Call
2024-06-14 CALL at $119.50.95580.007802024-06-1416.6 - 21.00.0In
Call
2024-06-14 CALL at $120.00.95490.008122024-06-1416.1 - 20.512.45In
Call
2024-06-14 CALL at $120.50.95390.008412024-06-1415.6 - 20.08.0In
Call
2024-06-14 CALL at $121.00.9530.0088142024-06-1415.1 - 19.512.25In
Call
2024-06-14 CALL at $121.50.87090.012812024-06-1414.7 - 19.017.7In
Call
2024-06-14 CALL at $122.00.94380.010212024-06-1414.2 - 18.58.4In
Call
2024-06-14 CALL at $123.00.94110.0112112024-06-1413.2 - 17.56.8In
Call
2024-06-14 CALL at $124.00.93820.012332024-06-1412.2 - 16.58.1In
Call
2024-06-14 CALL at $125.00.88230.0164622024-06-1411.2 - 15.613.8In
Call
2024-06-14 CALL at $126.00.94950.0133152024-06-1410.6 - 13.911.68In
Call
2024-06-14 CALL at $127.00.85160.020152024-06-1410.6 - 13.48.7In
Call
2024-06-14 CALL at $128.00.84510.0222272024-06-149.4 - 12.110.98In
Call
2024-06-14 CALL at $129.00.90780.0229832024-06-148.6 - 10.29.8In
Call
2024-06-14 CALL at $129.50.88010.025972024-06-147.0 - 11.18.4In
Call
2024-06-14 CALL at $130.00.82810.028322024-06-147.6 - 10.39.6In
Call
2024-06-14 CALL at $130.50.80010.029172024-06-146.3 - 8.78.2In
Call
2024-06-14 CALL at $131.00.80180.03121122024-06-147.2 - 8.58.1In
Call
2024-06-14 CALL at $131.50.7640.0312252024-06-146.5 - 9.56.9In
Call
2024-06-14 CALL at $132.00.76270.0338362024-06-146.1 - 8.78.8In
Call
2024-06-14 CALL at $132.50.76130.037222024-06-146.2 - 7.66.8In
Call
2024-06-14 CALL at $133.00.76410.0411272024-06-145.9 - 6.76.15In
Call
2024-06-14 CALL at $133.50.7490.044172024-06-145.5 - 5.95.98In
Call
2024-06-14 CALL at $134.00.72510.046632024-06-145.1 - 5.66.2In
Call
2024-06-14 CALL at $134.50.70110.0479392024-06-144.8 - 7.05.0In
Call
2024-06-14 CALL at $135.00.67710.0498602024-06-144.5 - 4.84.88In
Call
2024-06-14 CALL at $135.50.65020.051102024-06-144.2 - 4.55.2In
Call
2024-06-14 CALL at $136.00.62370.0521552024-06-143.9 - 4.24.26In
Call
2024-06-14 CALL at $137.00.57140.0553852024-06-143.3 - 3.53.6In
Call
2024-06-14 CALL at $138.00.51560.05385962024-06-142.75 - 3.03.0Out
Call
2024-06-14 CALL at $139.00.45810.0571732024-06-142.2 - 2.452.35Out
Call
2024-06-14 CALL at $140.00.39940.0571532024-06-141.8 - 1.952.0Out
Call
2024-06-14 CALL at $141.00.34490.0543742024-06-141.45 - 1.61.7Out
Call
2024-06-14 CALL at $142.00.29150.0511282024-06-141.15 - 1.251.38Out
Call
2024-06-14 CALL at $143.00.23870.0472252024-06-140.85 - 1.750.9Out
Call
2024-06-14 CALL at $144.00.20280.0418582024-06-140.6 - 0.750.75Out
Call
2024-06-14 CALL at $145.00.16080.03681002024-06-140.45 - 0.550.55Out
Call
2024-06-14 CALL at $146.00.12160.0313332024-06-140.3 - 0.450.38Out
Call
2024-06-14 CALL at $147.00.09860.0264892024-06-140.25 - 0.350.5Out
Call
2024-06-14 CALL at $148.00.07140.0212322024-06-140.15 - 0.250.2Out
Call
2024-06-14 CALL at $149.00.05540.0173152024-06-140.1 - 0.20.27Out
Call
2024-06-14 CALL at $150.00.06370.017242024-06-140.05 - 0.250.2Out
Call
2024-06-14 CALL at $151.00.03730.011922024-06-140.05 - 0.150.1Out
Call
2024-06-14 CALL at $155.00.01850.00682024-06-140.0 - 0.20.05Out
Call
2024-06-14 CALL at $156.00.01780.005502024-06-140.0 - 0.50.05Out
Call
2024-06-14 CALL at $157.00.01710.005102024-06-140.0 - 0.50.05Out
Call
2024-06-14 CALL at $158.00.01650.004802024-06-140.0 - 0.450.05Out
Call
2024-06-14 CALL at $160.00.01550.004202024-06-140.0 - 0.30.05Out
Call
2024-06-14 CALL at $170.00.01190.002502024-06-140.05 - 0.30.05Out
 Put
2024-06-14 PUT at $103.0-0.00830.0013232024-06-140.0 - 0.150.05Out
 Put
2024-06-14 PUT at $107.0-0.02410.003122024-06-140.05 - 0.30.28Out
 Put
2024-06-14 PUT at $109.0-0.0330.00402024-06-140.0 - 0.350.25Out
 Put
2024-06-14 PUT at $115.0-0.01760.0035162024-06-140.0 - 0.10.08Out
 Put
2024-06-14 PUT at $118.0-0.04710.0074112024-06-140.0 - 0.50.27Out
 Put
2024-06-14 PUT at $118.5-0.04870.007712024-06-140.05 - 0.50.55Out
 Put
2024-06-14 PUT at $119.0-0.04960.008182024-06-140.05 - 0.50.48Out
 Put
2024-06-14 PUT at $119.5-0.05070.0083122024-06-140.05 - 0.50.23Out
 Put
2024-06-14 PUT at $120.0-0.01520.0042312024-06-140.05 - 0.10.05Out
 Put
2024-06-14 PUT at $120.5-0.05290.00922024-06-140.05 - 0.50.15Out
 Put
2024-06-14 PUT at $121.0-0.03130.0071282024-06-140.05 - 0.20.2Out
 Put
2024-06-14 PUT at $121.5-0.03210.007442024-06-140.05 - 0.22.1Out
 Put
2024-06-14 PUT at $122.0-0.0280.00711142024-06-140.05 - 0.150.1Out
 Put
2024-06-14 PUT at $123.0-0.04110.009472024-06-140.05 - 0.250.16Out
 Put
2024-06-14 PUT at $124.0-0.04610.0108312024-06-140.05 - 0.30.35Out
 Put
2024-06-14 PUT at $125.0-0.05330.0125632024-06-140.1 - 0.250.2Out
 Put
2024-06-14 PUT at $126.0-0.05650.014852024-06-140.15 - 0.250.45Out
 Put
2024-06-14 PUT at $127.0-0.06950.0168252024-06-140.2 - 0.30.19Out
 Put
2024-06-14 PUT at $128.0-0.08320.0199812024-06-140.25 - 0.350.3Out
 Put
2024-06-14 PUT at $129.0-0.0910.0228122024-06-140.3 - 0.450.31Out
 Put
2024-06-14 PUT at $129.5-0.10990.025592024-06-140.35 - 0.50.4Out
 Put
2024-06-14 PUT at $130.0-0.13620.0281532024-06-140.45 - 0.550.55Out
 Put
2024-06-14 PUT at $130.5-0.14140.0301112024-06-140.5 - 0.61.0Out
 Put
2024-06-14 PUT at $131.0-0.15710.0325402024-06-140.55 - 0.70.75Out
 Put
2024-06-14 PUT at $131.5-0.16930.0349482024-06-140.65 - 0.80.67Out
 Put
2024-06-14 PUT at $132.0-0.19090.0372822024-06-140.75 - 0.850.79Out
 Put
2024-06-14 PUT at $132.5-0.20590.0398272024-06-140.85 - 1.00.85Out
 Put
2024-06-14 PUT at $133.0-0.23280.0416492024-06-140.95 - 1.10.85Out
 Put
2024-06-14 PUT at $133.5-0.25020.0443102024-06-141.0 - 1.21.1Out
 Put
2024-06-14 PUT at $134.0-0.27060.0469252024-06-141.2 - 1.351.2Out
 Put
2024-06-14 PUT at $134.5-0.30030.0479342024-06-141.35 - 1.51.22Out
 Put
2024-06-14 PUT at $135.0-0.320.051922024-06-141.5 - 1.651.5Out
 Put
2024-06-14 PUT at $135.5-0.350.0514142024-06-141.6 - 1.851.75Out
 Put
2024-06-14 PUT at $136.0-0.37680.0525402024-06-141.85 - 2.051.81Out
 Put
2024-06-14 PUT at $137.0-0.42870.05681002024-06-142.25 - 2.42.25Out
 Put
2024-06-14 PUT at $138.0-0.48650.06432024-06-142.6 - 2.852.62In
 Put
2024-06-14 PUT at $139.0-0.54530.0587212024-06-143.0 - 3.43.2In
 Put
2024-06-14 PUT at $140.0-0.60730.0591302024-06-143.7 - 4.03.7In
 Put
2024-06-14 PUT at $141.0-0.66080.055342024-06-144.3 - 4.64.4In
 Put
2024-06-14 PUT at $142.0-0.83710.06362024-06-143.3 - 5.311.0In
 Put
2024-06-14 PUT at $143.0-0.76210.047102024-06-145.6 - 6.10.0In
 Put
2024-06-14 PUT at $144.0-0.86650.041802024-06-145.8 - 8.16.31In
 Put
2024-06-14 PUT at $145.0-0.81620.036502024-06-146.0 - 9.37.67In
 Put
2024-06-14 PUT at $146.0-0.88410.030902024-06-147.7 - 10.18.32In
 Put
2024-06-14 PUT at $147.0-0.89540.026902024-06-147.6 - 11.00.0In
 Put
2024-06-14 PUT at $148.0-0.90150.023902024-06-148.7 - 11.90.0In
 Put
2024-06-14 PUT at $149.0-0.75510.022202024-06-148.9 - 12.90.0In
 Put
2024-06-14 PUT at $150.0-0.76890.02102024-06-1410.1 - 13.80.0In
 Put
2024-06-14 PUT at $151.0-0.77620.019702024-06-1410.8 - 14.80.0In
 Put
2024-06-14 PUT at $152.0-0.77730.018502024-06-1412.0 - 15.90.0In
 Put
2024-06-14 PUT at $153.0-0.7890.017602024-06-1412.7 - 16.80.0In
 Put
2024-06-14 PUT at $154.0-0.78390.016502024-06-1413.7 - 18.00.0In
 Put
2024-06-14 PUT at $155.0-0.78910.015802024-06-1414.7 - 19.00.0In
 Put
2024-06-14 PUT at $156.0-0.79410.015102024-06-1415.7 - 20.00.0In
 Put
2024-06-14 PUT at $157.0-0.79860.014402024-06-1416.7 - 21.00.0In
 Put
2024-06-14 PUT at $158.0-0.80290.013802024-06-1417.7 - 22.00.0In
 Put
2024-06-14 PUT at $159.0-0.80690.013302024-06-1418.7 - 23.00.0In
 Put
2024-06-14 PUT at $160.0-0.81070.012802024-06-1419.7 - 24.00.0In
 Put
2024-06-14 PUT at $165.0-0.82660.010702024-06-1424.7 - 29.00.0In
 Put
2024-06-14 PUT at $170.0-0.83890.009302024-06-1429.7 - 34.00.0In

Additional Information and Resources on Investing in Direxion Etf

When determining whether Direxion Daily SP500 is a strong investment it is important to analyze Direxion Daily'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 Direxion Daily's future performance. For an informed investment choice regarding Direxion 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 Direxion Daily 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 interest.
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The market value of Direxion Daily SP500 is measured differently than its book value, which is the value of Direxion that is recorded on the company's balance sheet. Investors also form their own opinion of Direxion Daily's value that differs from its market value or its book value, called intrinsic value, which is Direxion Daily'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 Direxion Daily's market value can be influenced by many factors that don't directly affect Direxion Daily'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 Direxion Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Daily'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.