SPDR Portfolio Stock Options
| SPHY Etf | USD 22.90 0.02 0.09% |
SPDR Portfolio's option chain provides insight into all available option contracts written on SPDR Portfolio's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of SPDR Portfolio'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 SPDR option contract.
In The Money vs. Out of Money Option Contracts on SPDR Portfolio
Analyzing SPDR Portfolio's in-the-money options over time can help investors to take a profitable long position in SPDR Portfolio regardless of its overall volatility. This is especially true when SPDR Portfolio's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money SPDR Portfolio's options could be used as guardians of the underlying stock as they move almost dollar for dollar with SPDR Portfolio's stock while costing only a fraction of its price.
SPDR Portfolio's latest option contracts expiring on 2024-04-19 are carrying combined implied volatility of 0.0 with a put-to-call open interest ratio of 1.26 over 42 outstanding agreements suggesting investors are buying more puts than calls on contracts expiring on 2024-04-19. The current put volume is at 0, with calls trading at the volume of 0. This yields a 0.0 put-to-call volume ratio. The SPDR Portfolio option chain provides detailed quote and price information for the current SPDR Portfolio High option contracts. It shows all of SPDR Portfolio's listed puts, calls, expiration dates, strike prices, and other pricing information.
Open Interest Against 2024-04-19 Option Contracts
SPDR Portfolio option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in SPDR Portfolio's lending market. For example, when SPDR Portfolio's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on SPDR Portfolio, he or she must hedge the risk by shorting SPDR Portfolio stock over its option's life.
2024-04-19
The chart above shows SPDR Portfolio'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. SPDR Portfolio's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for SPDR Portfolio's option, there is no secondary market available for investors to trade.
SPDR Portfolio's stock options are financial instruments that give investors the right to buy or sell shares of SPDR Portfolio High common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell SPDR stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If SPDR Portfolio's stock price goes up or down, the stock options follow.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SPDR Portfolio High. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Please note that buying 'in-the-money' options on SPDR Portfolio lessens the impact of time decay, as they carry both intrinsic and time value. So, even if SPDR Portfolio'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 SPDR Portfolio 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 SPDR Etf moves the wrong way.
SPDR Current Options Market Mood
SPDR Portfolio'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 SPDR 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 SPDR Portfolio'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. SPDR Portfolio'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 SPDR Portfolio'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 SPDR contract
Base on the Rule 16, the options market is currently suggesting that SPDR Portfolio High will have an average daily up or down price movement of about 0.0% per day over the life of the 2024-04-19 option contract. With SPDR Portfolio trading at USD 22.9, that is roughly USD 0.0. If you think that the market is fully incorporating SPDR Portfolio's daily price movement you should consider buying SPDR Portfolio High options at the current volatility level of 0.0%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
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Purchasing SPDR Portfolio 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" SPDR calls. Remember, the seller must deliver SPDR Portfolio High stock to the call owner when a call is exercised.
SPDR Portfolio Option Chain
When SPDR Portfolio's strike price is surpassing the current stock price, the option contract against SPDR Portfolio High 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.
SPDR Portfolio'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 Portfolio 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 | |||
Call | 2024-04-19 CALL at $13.0 | 0.9272 | 0.0131 | 0 | 2024-04-19 | 9.4 - 10.3 | 9.4 | In |
Call | 2024-04-19 CALL at $14.0 | 0.9186 | 0.0159 | 0 | 2024-04-19 | 8.4 - 9.3 | 0.0 | In |
Call | 2024-04-19 CALL at $15.0 | 0.9089 | 0.0195 | 0 | 2024-04-19 | 7.4 - 8.3 | 0.0 | In |
Call | 2024-04-19 CALL at $16.0 | 0.8974 | 0.0241 | 0 | 2024-04-19 | 6.4 - 7.3 | 0.0 | In |
Call | 2024-04-19 CALL at $17.0 | 0.8836 | 0.0303 | 0 | 2024-04-19 | 5.4 - 6.3 | 0.0 | In |
Call | 2024-04-19 CALL at $18.0 | 0.8666 | 0.0388 | 0 | 2024-04-19 | 4.4 - 5.3 | 0.0 | In |
Call | 2024-04-19 CALL at $19.0 | 0.8446 | 0.0511 | 0 | 2024-04-19 | 3.0 - 4.3 | 0.0 | In |
Call | 2024-04-19 CALL at $20.0 | 0.771 | 0.0626 | 0 | 2024-04-19 | 2.15 - 3.6 | 3.0 | In |
Call | 2024-04-19 CALL at $21.0 | 0.7597 | 0.101 | 0 | 2024-04-19 | 0.85 - 2.35 | 0.0 | In |
Call | 2024-04-19 CALL at $22.0 | 0.9361 | 0.2097 | 0 | 2024-04-19 | 0.5 - 1.3 | 0.95 | In |
Put | 2024-04-19 PUT at $33.0 | -0.9771 | 0.0135 | 0 | 2024-04-19 | 9.7 - 10.6 | 0.0 | In |
Put | 2024-04-19 PUT at $32.0 | -0.9757 | 0.0153 | 0 | 2024-04-19 | 8.7 - 9.6 | 0.0 | In |
Put | 2024-04-19 PUT at $31.0 | -0.974 | 0.0176 | 0 | 2024-04-19 | 7.7 - 8.6 | 0.0 | In |
Put | 2024-04-19 PUT at $30.0 | -0.9719 | 0.0206 | 0 | 2024-04-19 | 6.7 - 7.6 | 0.0 | In |
Put | 2024-04-19 PUT at $29.0 | -0.9692 | 0.0249 | 0 | 2024-04-19 | 5.7 - 6.6 | 0.0 | In |
Put | 2024-04-19 PUT at $28.0 | -0.9656 | 0.031 | 0 | 2024-04-19 | 4.7 - 5.6 | 0.0 | In |
Put | 2024-04-19 PUT at $27.0 | -0.9607 | 0.0406 | 0 | 2024-04-19 | 3.7 - 4.6 | 0.0 | In |
Put | 2024-04-19 PUT at $26.0 | -0.9532 | 0.0611 | 0 | 2024-04-19 | 2.7 - 3.6 | 0.0 | In |
Put | 2024-04-19 PUT at $25.0 | -0.9815 | 0.0475 | 0 | 2024-04-19 | 1.7 - 2.55 | 0.0 | In |
Put | 2024-04-19 PUT at $24.0 | -0.9708 | 0.1169 | 1 | 2024-04-19 | 0.7 - 1.55 | 1.2 | In |
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The danger of trading SPDR Portfolio High 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 Portfolio 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 Portfolio. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SPDR Portfolio High 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 Portfolio High offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SPDR Portfolio'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 Spdr Portfolio High Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Spdr Portfolio High Etf: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SPDR Portfolio High. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the SPDR Portfolio High information on this page should be used as a complementary analysis to other SPDR Portfolio'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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
The market value of SPDR Portfolio High 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 Portfolio's value that differs from its market value or its book value, called intrinsic value, which is SPDR Portfolio'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 Portfolio's market value can be influenced by many factors that don't directly affect SPDR Portfolio'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 Portfolio's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Portfolio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Portfolio'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.