BITO250930P00021000 Option on ProShares Bitcoin

BITO Etf  USD 21.17  0.21  0.98%   
BITO250930P00021000 is a PUT option contract on ProShares Bitcoin's common stock with a strick price of 21.0 expiring on 2025-09-30. The contract was not traded in recent days and, as of today, has 45 days remaining before the expiration. The option is currently trading at a bid price of $1.37, and an ask price of $1.57. The implied volatility as of the 16th of August 2025 is 45.0.
A put option written on ProShares Bitcoin becomes more valuable as the price of ProShares Bitcoin drops. Conversely, ProShares Bitcoin's put option loses its value as ProShares Etf rises.

Rule 16 of 2025-09-30 Option Contract

The options market is anticipating that ProShares Bitcoin Strategy will have an average daily up or down price movement of about 0.0327% per day over the life of the option. With ProShares Bitcoin trading at USD 21.17, that is roughly USD 0.006931. If you think that the market is fully understating ProShares Bitcoin's daily price movement you should consider buying ProShares Bitcoin Strategy options at that current volatility level of 0.52%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put Option on ProShares Bitcoin

An 'Out of The Money' option on ProShares has a strike price that ProShares 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 ProShares Bitcoin's 'Out of The Money' options include buying the options if you expect a big move in ProShares Bitcoin'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 NameBITO250930P00021000
Expires On2025-09-30
Days Before Expriration45
Vega0.029261
Gamma0.101796
Theoretical Value1.41
Open Interest250
Current Trading Volume37.0
Strike Price21.0
Last Traded At1.41
Current Price Spread1.37 | 1.57
Rule 16 Daily Up or DownUSD 0.006931

ProShares short PUT Option Greeks

ProShares Bitcoin's Option Greeks for the contract ending on 2025-09-30 at a strike price of 21.0 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 ProShares Bitcoin's option greeks, its implied volatility helps estimate the risk of ProShares Bitcoin stock implied by the prices of the options on ProShares Bitcoin's stock.
Delta-0.437082
Gamma0.101796
Theta-0.015927
Vega0.029261
Rho-0.011079

ProShares long PUT Option Payoff at expiration

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

ProShares short PUT Option Payoff at expiration

By selling ProShares Bitcoin's put option, the investors signal their bearish sentiment. A short position in a put option written on ProShares Bitcoin will generally make money when the underlying price is above the strike price. Therefore ProShares Bitcoin's put payoff at expiration depends on where the ProShares Etf price is relative to the put option strike price. The breakeven price of 19.59 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 ProShares Bitcoin's price. Finally, at the strike price of 21.0, the payoff chart is constant and positive.
   Profit   
       ProShares Bitcoin Price At Expiration  
View All ProShares Bitcoin Options

ProShares Bitcoin Available Put Options

ProShares Bitcoin'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 Bitcoin 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.
Open IntStrike PriceCurrent SpreadLast Price
 Put
BITO251017P00032000032.011.6 - 14.4511.6In
 Put
BITO251017P00031000031.010.6 - 13.110.6In
 Put
BITO251017P00030000030.09.85 - 12.59.85In
 Put
BITO251017P00029000029.08.9 - 11.58.9In
 Put
BITO251017P00028000028.07.9 - 10.557.9In
 Put
BITO251017P00027000027.06.9 - 9.16.9In
 Put
BITO251017P00026000026.06.0 - 7.956.68In
 Put
BITO251017P00025000025.04.0 - 7.04.0In
 Put
BITO251017P00024000024.03.0 - 6.83.0In
 Put
BITO251017P00023000023.03.2 - 5.93.2In
 Put
BITO251017P00021000721.01.59 - 2.622.32Out
 Put
BITO251017P00020000820.01.34 - 1.951.63Out
 Put
BITO251017P000190001219.00.96 - 1.11.04Out
 Put
BITO251017P00017000417.00.11 - 0.510.4Out
 Put
BITO251017P00016000116.00.1 - 0.250.15Out
 Put
BITO251017P00015000515.00.0 - 0.230.16Out
When determining whether ProShares Bitcoin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares Bitcoin'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 Bitcoin Strategy Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Bitcoin Strategy Etf:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ProShares Bitcoin Strategy. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.
You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
The market value of ProShares Bitcoin 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 Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is ProShares Bitcoin'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 Bitcoin's market value can be influenced by many factors that don't directly affect ProShares Bitcoin'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 Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Bitcoin'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.