BOIL240531C00024000 Option on ProShares Ultra Bloomberg

BOIL Etf  USD 20.32  0.45  2.17%   
ProShares Ultra's latest option contracts expiring on 2024-06-21 are carrying combined implied volatility of 129.67 with a put-to-call open interest ratio of 0.49 over 180 outstanding agreements suggesting investors are buying more calls than puts on contracts expiring on 2024-06-21. The current put volume is at 2.2 K, with calls trading at the volume of 6.5 K. This yields a 0.34 put-to-call volume ratio.

Open Interest Against 2024-06-21 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 2024-06-21 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 ProShares Ultra 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.
ProShares Ultra's option chain provides insight into all available option contracts written on ProShares Ultra's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of ProShares Ultra'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 ProShares option contract.

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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Bloomberg. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
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 Bloomberg In The Money Call Balance

When ProShares Ultra's strike price is surpassing the current stock price, the option contract against ProShares Ultra Bloomberg 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 Bloomberg 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

Most options investors, including buyers and sellers of ProShares Ultra'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 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. Using current ProShares Ultra'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 ProShares contract

Base on the Rule 16, the options market is currently suggesting that ProShares Ultra Bloomberg will have an average daily up or down price movement of about 8.1% per day over the life of the 2024-06-21 option contract. With ProShares Ultra trading at USD 20.32, that is roughly USD 1.65. If you think that the market is fully incorporating ProShares Ultra's daily price movement you should consider buying ProShares Ultra Bloomberg options at the current volatility level of 129.67%. 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 Bloomberg 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 Bloomberg 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.
DeltaGammaOpen IntExpirationCurrent SpreadLast Price
Call
2024-06-21 CALL at $3.00.99040.001202024-06-2115.15 - 19.70.0In
Call
2024-06-21 CALL at $4.00.99030.001502024-06-2114.0 - 18.80.0In
Call
2024-06-21 CALL at $5.00.98620.002202024-06-2114.95 - 15.914.13In
Call
2024-06-21 CALL at $6.00.960.004402024-06-2112.1 - 14.89.7In
Call
2024-06-21 CALL at $7.00.92790.004602024-06-2111.1 - 15.350.0In
Call
2024-06-21 CALL at $8.00.94420.0071602024-06-2110.1 - 12.8511.94In
Call
2024-06-21 CALL at $9.00.91160.0087252024-06-2110.0 - 12.56.29In
Call
2024-06-21 CALL at $10.00.89940.01064462024-06-219.05 - 11.510.3In
Call
2024-06-21 CALL at $11.00.89360.01331222024-06-217.2 - 10.39.3In
Call
2024-06-21 CALL at $12.00.87360.01592022024-06-216.25 - 9.458.21In
Call
2024-06-21 CALL at $13.00.85170.01899582024-06-215.25 - 8.67.01In
Call
2024-06-21 CALL at $13.50.84460.0211602024-06-216.05 - 8.056.76In
Call
2024-06-21 CALL at $14.00.83490.023321712024-06-215.15 - 7.556.33In
Call
2024-06-21 CALL at $14.50.92590.0269542024-06-214.35 - 7.73.62In
Call
2024-06-21 CALL at $15.00.86550.033131512024-06-215.05 - 5.855.33In
Call
2024-06-21 CALL at $15.50.85250.0374142024-06-214.1 - 6.655.6In
Call
2024-06-21 CALL at $16.00.96190.028916172024-06-214.25 - 5.54.38In
Call
2024-06-21 CALL at $16.50.79870.0453472024-06-213.7 - 4.84.65In
Call
2024-06-21 CALL at $17.00.97850.027918012024-06-213.2 - 3.853.35In
Call
2024-06-21 CALL at $17.50.9330.06151762024-06-212.7 - 3.22.9In
Call
2024-06-21 CALL at $18.00.83220.090514652024-06-212.43 - 2.852.6In
Call
2024-06-21 CALL at $18.50.77650.10741012024-06-212.17 - 2.272.22In
Call
2024-06-21 CALL at $19.00.71580.12329642024-06-211.83 - 1.921.86In
Call
2024-06-21 CALL at $19.50.64690.13431792024-06-211.54 - 1.61.55In
Call
2024-06-21 CALL at $20.00.57520.137930002024-06-211.26 - 1.331.3In
Call
2024-06-21 CALL at $20.50.50620.13771602024-06-211.04 - 1.11.08Out
Call
2024-06-21 CALL at $21.00.43880.13648732024-06-210.85 - 0.90.87Out
Call
2024-06-21 CALL at $21.50.37570.13051182024-06-210.69 - 0.740.7Out
Call
2024-06-21 CALL at $22.00.32010.12111142024-06-210.56 - 0.60.57Out
Call
2024-06-21 CALL at $22.50.27020.11052742024-06-210.45 - 0.490.46Out
Call
2024-06-21 CALL at $23.00.22650.099410472024-06-210.36 - 0.40.37Out
Call
2024-06-21 CALL at $23.50.19310.0885772024-06-210.29 - 0.310.31Out
Call
2024-06-21 CALL at $24.00.16110.07759162024-06-210.24 - 0.260.25Out
Call
2024-06-21 CALL at $24.50.12930.0672802024-06-210.19 - 0.210.19Out
Call
2024-06-21 CALL at $25.00.110.058512612024-06-210.15 - 0.170.16Out
Call
2024-06-21 CALL at $26.00.07810.04387122024-06-210.09 - 0.120.11Out
Call
2024-06-21 CALL at $27.00.04690.02997852024-06-210.06 - 0.090.06Out
Call
2024-06-21 CALL at $28.00.04340.02555062024-06-210.02 - 0.230.06Out
Call
2024-06-21 CALL at $29.00.04050.02222882024-06-210.03 - 0.240.06Out
Call
2024-06-21 CALL at $30.00.02270.014315942024-06-210.02 - 0.040.03Out
Call
2024-06-21 CALL at $31.00.02140.01273022024-06-210.02 - 0.040.03Out
Call
2024-06-21 CALL at $32.00.0230.01243152024-06-210.02 - 0.050.12Out
Call
2024-06-21 CALL at $33.00.01420.00841742024-06-210.0 - 0.020.02Out
Call
2024-06-21 CALL at $34.00.01360.00771542024-06-210.0 - 0.050.02Out
Call
2024-06-21 CALL at $35.00.03450.01363292024-06-210.01 - 0.130.04Out
Call
2024-06-21 CALL at $39.00.02560.00954252024-06-210.01 - 0.10.02Out
Call
2024-06-21 CALL at $40.00.01120.00522962024-06-210.01 - 0.380.02Out
Call
2024-06-21 CALL at $45.00.010.00412472024-06-210.01 - 0.020.02Out
Call
2024-06-21 CALL at $50.00.01280.00443912024-06-210.0 - 0.20.03Out
 Put
2024-06-21 PUT at $10.0-0.00490.00244882024-06-210.0 - 0.110.01Out
 Put
2024-06-21 PUT at $11.0-0.00960.00456722024-06-210.01 - 0.020.02Out
 Put
2024-06-21 PUT at $12.0-0.01090.00589542024-06-210.01 - 0.020.02Out
 Put
2024-06-21 PUT at $14.0-0.02440.014111552024-06-210.01 - 0.050.04Out
 Put
2024-06-21 PUT at $15.0-0.03360.02120852024-06-210.03 - 0.090.05Out
 Put
2024-06-21 PUT at $15.5-0.04150.02661092024-06-210.02 - 0.120.06Out
 Put
2024-06-21 PUT at $16.0-0.04560.031715782024-06-210.04 - 0.070.06Out
 Put
2024-06-21 PUT at $16.5-0.06560.04322992024-06-210.07 - 0.10.09Out
 Put
2024-06-21 PUT at $17.0-0.09130.05698032024-06-210.12 - 0.140.13Out
 Put
2024-06-21 PUT at $17.5-0.12270.07283712024-06-210.18 - 0.20.18Out
 Put
2024-06-21 PUT at $18.0-0.16960.090413812024-06-210.26 - 0.290.27Out
 Put
2024-06-21 PUT at $18.5-0.2250.10713852024-06-210.37 - 0.410.39Out
 Put
2024-06-21 PUT at $19.0-0.2870.12187432024-06-210.53 - 0.560.54Out
 Put
2024-06-21 PUT at $19.5-0.35570.13142652024-06-210.72 - 0.780.74Out
 Put
2024-06-21 PUT at $20.0-0.42550.136110872024-06-210.95 - 0.990.98Out
 Put
2024-06-21 PUT at $20.5-0.49360.13591062024-06-211.22 - 1.271.26In
 Put
2024-06-21 PUT at $21.0-0.56010.13468472024-06-211.52 - 1.571.55In
 Put
2024-06-21 PUT at $21.5-0.61940.1271292024-06-211.84 - 1.921.9In
 Put
2024-06-21 PUT at $22.0-0.67730.11986172024-06-212.21 - 2.472.25In
 Put
2024-06-21 PUT at $22.5-0.72160.1084872024-06-212.61 - 2.682.66In
 Put
2024-06-21 PUT at $23.0-0.78490.10061922024-06-213.0 - 3.13.0In
 Put
2024-06-21 PUT at $23.5-0.80750.088752024-06-213.4 - 3.553.6In
 Put
2024-06-21 PUT at $24.0-0.72110.07032422024-06-213.85 - 4.953.63In
 Put
2024-06-21 PUT at $24.5-0.75040.0665552024-06-214.3 - 5.33.9In
 Put
2024-06-21 PUT at $25.0-0.87260.06092652024-06-214.75 - 5.654.87In
 Put
2024-06-21 PUT at $26.0-0.88190.0508912024-06-215.5 - 6.254.3In
 Put
2024-06-21 PUT at $27.0-0.82320.0478252024-06-216.35 - 7.94.31In
 Put
2024-06-21 PUT at $28.0-0.77350.0428442024-06-216.65 - 8.4510.1In
 Put
2024-06-21 PUT at $29.0-0.74080.0384462024-06-217.2 - 9.7512.6In
 Put
2024-06-21 PUT at $30.0-0.89350.0323322024-06-219.2 - 10.658.37In
 Put
2024-06-21 PUT at $31.0-0.74390.0335422024-06-219.5 - 11.8510.85In
 Put
2024-06-21 PUT at $32.0-0.87810.0294162024-06-2111.0 - 13.0511.8In
 Put
2024-06-21 PUT at $33.0-0.85690.028902024-06-2111.95 - 14.3519.25In
 Put
2024-06-21 PUT at $34.0-0.79830.02902024-06-2112.75 - 14.5520.3In
 Put
2024-06-21 PUT at $35.0-0.8470.026602024-06-2113.75 - 15.2522.64In
 Put
2024-06-21 PUT at $36.0-0.90150.022202024-06-2114.4 - 17.5523.0In
 Put
2024-06-21 PUT at $37.0-0.75690.025702024-06-2114.95 - 18.020.5In
 Put
2024-06-21 PUT at $38.0-0.77120.024902024-06-2116.4 - 18.921.1In
 Put
2024-06-21 PUT at $39.0-0.780.024102024-06-2117.0 - 19.8522.6In
 Put
2024-06-21 PUT at $40.0-0.7830.0234142024-06-2118.0 - 20.8520.63In
 Put
2024-06-21 PUT at $41.0-0.84130.021702024-06-2119.45 - 21.424.3In
 Put
2024-06-21 PUT at $42.0-0.77220.022202024-06-2119.95 - 23.025.35In
 Put
2024-06-21 PUT at $43.0-0.97560.008102024-06-2121.4 - 24.0526.35In
 Put
2024-06-21 PUT at $44.0-0.6880.020602024-06-2121.25 - 26.026.43In
 Put
2024-06-21 PUT at $45.0-0.92120.015132024-06-2122.5 - 27.024.95In
 Put
2024-06-21 PUT at $46.0-0.93250.013702024-06-2124.0 - 27.818.04In
 Put
2024-06-21 PUT at $47.0-0.96230.009602024-06-2124.9 - 28.6533.91In
 Put
2024-06-21 PUT at $48.0-0.96280.009402024-06-2125.75 - 29.826.67In
 Put
2024-06-21 PUT at $49.0-0.95690.0102024-06-2126.95 - 30.6533.66In
 Put
2024-06-21 PUT at $50.0-0.94060.011702024-06-2127.9 - 31.8530.85In
 Put
2024-06-21 PUT at $51.0-0.92690.012802024-06-2129.2 - 32.734.0In
 Put
2024-06-21 PUT at $52.0-0.9470.010602024-06-2129.9 - 33.825.3In
 Put
2024-06-21 PUT at $53.0-0.95880.00902024-06-2130.75 - 34.8536.75In
 Put
2024-06-21 PUT at $54.0-0.96520.00802024-06-2132.0 - 35.5532.15In
 Put
2024-06-21 PUT at $55.0-0.92950.011802024-06-2133.1 - 36.831.35In
 Put
2024-06-21 PUT at $56.0-0.95430.009102024-06-2133.95 - 37.730.63In
 Put
2024-06-21 PUT at $57.0-0.94440.010102024-06-2134.9 - 38.8527.25In
 Put
2024-06-21 PUT at $58.0-0.94980.009402024-06-2135.9 - 39.836.96In
 Put
2024-06-21 PUT at $59.0-0.9360.010502024-06-2137.1 - 40.7532.9In
 Put
2024-06-21 PUT at $60.0-0.92380.011402024-06-2138.2 - 41.830.6In
 Put
2024-06-21 PUT at $61.0-0.94610.009402024-06-2138.95 - 42.831.6In
 Put
2024-06-21 PUT at $62.0-0.96170.007602024-06-2139.8 - 43.836.4In
 Put
2024-06-21 PUT at $63.0-0.95670.00802024-06-2140.85 - 44.836.4In
 Put
2024-06-21 PUT at $64.0-0.96220.007302024-06-2141.9 - 45.734.24In
 Put
2024-06-21 PUT at $65.0-0.76460.015702024-06-2142.6 - 46.4538.2In
 Put
2024-06-21 PUT at $66.0-0.93060.010102024-06-2144.1 - 47.8539.5In
 Put
2024-06-21 PUT at $67.0-0.95290.008102024-06-2144.85 - 48.8540.5In
 Put
2024-06-21 PUT at $68.0-0.94840.008402024-06-2145.95 - 49.840.6In
 Put
2024-06-21 PUT at $69.0-0.96330.006802024-06-2146.9 - 50.741.5In
 Put
2024-06-21 PUT at $70.0-0.9490.008202024-06-2147.95 - 51.843.0In
 Put
2024-06-21 PUT at $71.0-0.95860.007202024-06-2148.9 - 52.7543.9In
 Put
2024-06-21 PUT at $72.0-0.97480.005202024-06-2149.95 - 53.5543.7In
 Put
2024-06-21 PUT at $73.0-0.95430.007502024-06-2150.9 - 54.844.6In
 Put
2024-06-21 PUT at $74.0-0.95930.006902024-06-2151.9 - 55.7545.6In
 Put
2024-06-21 PUT at $75.0-0.94580.008102024-06-2153.0 - 56.846.7In
 Put
2024-06-21 PUT at $76.0-0.96470.006202024-06-2153.9 - 57.749.3In
 Put
2024-06-21 PUT at $80.0-0.9890.002702024-06-2157.55 - 61.8551.3In
 Put
2024-06-21 PUT at $85.0-0.73470.013702024-06-2162.3 - 67.063.15In
 Put
2024-06-21 PUT at $90.0-0.73730.013402024-06-2167.3 - 72.059.05In
 Put
2024-06-21 PUT at $95.0-0.73970.01302024-06-2172.35 - 77.061.9In

Additional Information and Resources on Investing in ProShares Etf

When determining whether ProShares Ultra Bloomberg offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares Ultra's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Proshares Ultra Bloomberg Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Ultra Bloomberg Etf:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Bloomberg. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
The market value of ProShares Ultra Bloomberg 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.