2024-06-21 PUT at $36.0 Option on Direxion Daily Real

DRV Etf  USD 37.96  0.13  0.34%   
2024-06-21 PUT at $36.0 is a PUT option contract on Direxion Daily's common stock with a strick price of 36.0 expiring on 2024-06-21. The contract was last traded on 2024-06-14 at 10:10:30 for $0.1 and, as of today, has 5 days remaining before the expiration. The option is currently trading at a bid price of $0.1, and an ask price of $0.2. The implied volatility as of the 17th of June 2024 is 35.74.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Daily Real. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
A put option written on Direxion Daily becomes more valuable as the price of Direxion Daily drops. Conversely, Direxion Daily's put option loses its value as Direxion Etf rises. When exercised, put options on Direxion Daily produce a short position in Direxion Etf. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Direxion Daily's downside price movement.

Rule 16 of 2024-06-21 Option Contract

The options market is anticipating that Direxion Daily Real will have an average daily up or down price movement of about 2.23% per day over the life of the option. With Direxion Daily trading at USD 37.96, that is roughly USD 0.85. If you think that the market is fully understating Direxion Daily's daily price movement you should consider buying Direxion Daily Real options at that current volatility level of 35.74%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put Option on Direxion Daily

An 'Out of The Money' option on Direxion has a strike price that Direxion 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 Direxion Daily's 'Out of The Money' options include buying the options if you expect a big move in Direxion Daily'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 Name2024-06-21 PUT at $36.0
Expires On2024-06-21
Days Before Expriration5
Last Traded On2024-06-14 10:10:30
Contract PeriodMONTHLY
Open Interest222
Current Trading Volume50.0
Strike Price36.0
Last Traded At0.1
Current Price Spread0.1 | 0.2
Rule 16 Daily Up or DownUSD0.85

Direxion short PUT Option Greeks

Direxion Daily's Option Greeks for the contract ending on 2024-06-21 at a strike price of 36.0 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 Direxion Daily's option greeks, its implied volatility helps estimate the risk of Direxion Daily stock implied by the prices of the options on Direxion Daily's stock.
Delta-0.1156
Gamma0.1121
Theta-0.0276
Vega0.0095
Rho-7.0E-4

Direxion long PUT Option Payoff at expiration

Put options written on Direxion Daily grant holders of the option the right to sell a specified amount of Direxion Daily 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 Direxion Etf cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Direxion Daily is like buying insurance aginst Direxion Daily's downside shift.
   Profit   
       Direxion Daily Price At Expiration  

Direxion short PUT Option Payoff at expiration

By selling Direxion Daily's put option, the investors signal their bearish sentiment. A short position in a put option written on Direxion Daily will generally make money when the underlying price is above the strike price. Therefore Direxion Daily's put payoff at expiration depends on where the Direxion Etf price is relative to the put option strike price. The breakeven price of 35.9 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 Direxion Daily's price. Finally, at the strike price of 36.0, the payoff chart is constant and positive.
   Profit   
       Direxion Daily Price At Expiration  
View All Direxion Daily Options

Direxion Daily Real Available Put Options

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
 Put
2024-06-21 PUT at $35.0-0.05720.0572572024-06-210.0 - 0.10.05Out
 Put
2024-06-21 PUT at $36.0-0.11560.11212222024-06-210.1 - 0.20.1Out
 Put
2024-06-21 PUT at $37.0-0.30160.172132024-06-210.35 - 0.450.4Out
 Put
2024-06-21 PUT at $38.0-0.49110.1835332024-06-210.8 - 0.950.7In
 Put
2024-06-21 PUT at $39.0-0.66260.1639502024-06-211.45 - 1.651.5In
 Put
2024-06-21 PUT at $40.0-0.76120.1178432024-06-212.25 - 2.53.77In
 Put
2024-06-21 PUT at $41.0-0.88460.0828182024-06-213.1 - 3.43.15In
 Put
2024-06-21 PUT at $42.0-0.91260.0581392024-06-214.0 - 4.44.13In
 Put
2024-06-21 PUT at $43.0-0.91320.0474252024-06-214.9 - 5.43.77In
 Put
2024-06-21 PUT at $44.0-0.9450.033622024-06-215.9 - 6.35.35In
 Put
2024-06-21 PUT at $45.0-0.96680.021662024-06-216.9 - 7.37.07In
 Put
2024-06-21 PUT at $46.0-0.95390.023342024-06-217.9 - 8.36.8In
 Put
2024-06-21 PUT at $47.0-0.95690.020222024-06-218.9 - 9.36.0In
 Put
2024-06-21 PUT at $48.0-0.95950.017912024-06-219.9 - 10.36.8In
 Put
2024-06-21 PUT at $49.0-0.96160.01602024-06-2110.9 - 11.30.0In
 Put
2024-06-21 PUT at $50.0-0.96340.014402024-06-2111.9 - 12.30.0In
 Put
2024-06-21 PUT at $51.0-0.9650.013202024-06-2111.6 - 14.60.0In
 Put
2024-06-21 PUT at $52.0-0.75420.02302024-06-2112.3 - 15.713.5In
 Put
2024-06-21 PUT at $53.0-0.82160.022202024-06-2114.9 - 17.10.0In
 Put
2024-06-21 PUT at $54.0-0.96890.010302024-06-2115.9 - 16.30.0In
 Put
2024-06-21 PUT at $55.0-0.96990.009602024-06-2116.9 - 17.30.0In
 Put
2024-06-21 PUT at $56.0-0.97080.009102024-06-2117.9 - 18.311.9In
 Put
2024-06-21 PUT at $60.0-0.97350.007302024-06-2121.9 - 22.30.0In
 Put
2024-06-21 PUT at $65.0-0.9760.021102024-06-2126.9 - 27.327.62In

Additional Information and Resources on Investing in Direxion Etf

When determining whether Direxion Daily Real 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Daily Real. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
The market value of Direxion Daily Real 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.