QLD251017P00118000 Option on ProShares Ultra QQQ

QLD Etf  USD 137.44  1.84  1.36%   
ProShares Ultra's latest option contracts expiring on January 16th 2026 are carrying combined implied volatility of 0.53 with a put-to-call open interest ratio of 1.04 over 186 outstanding agreements suggesting investors are buying slightly more puts than calls on contracts expiring on January 16th 2026. The total put volume is at 38.0, with calls trading at the volume of 29.0. This yields a 1.31 put-to-call volume ratio.

Open Interest Against January 16th 2026 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 2026-01-16 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. 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, ProShares Ultra's option sellers may reap the most after selling more options than buying, causing them to expire worthless.

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.
ProShares Ultra's stock options are financial instruments that give investors the right to buy or sell shares of ProShares Ultra QQQ common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell ProShares stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If ProShares Ultra's stock price goes up or down, the stock options follow.

ProShares Ultra QQQ In The Money Call Balance

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

Rule 16 of the current ProShares contract

Base on the Rule 16, the options market is currently suggesting that ProShares Ultra QQQ will have an average daily up or down price movement of about 0.0331% per day over the life of the 2026-01-16 option contract. With ProShares Ultra trading at USD 137.44, that is roughly USD 0.0455. If you think that the market is fully incorporating ProShares Ultra's daily price movement you should consider buying ProShares Ultra QQQ options at the current volatility level of 0.53%. 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 QQQ 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 QQQ 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.
Open IntStrike PriceCurrent SpreadLast Price
Call
QLD260116C001950000195.00.0 - 0.950.95Out
Call
QLD260116C001900009190.00.0 - 0.750.55Out
Call
QLD260116C001850008185.00.0 - 1.150.62Out
Call
QLD260116C001800005180.00.35 - 1.351.25Out
Call
QLD260116C00175000127175.00.45 - 1.71.1Out
Call
QLD260116C0017000091170.00.7 - 2.42.15Out
Call
QLD260116C00165000519165.01.15 - 3.22.1Out
Call
QLD260116C0016000036160.01.75 - 3.84.2Out
Call
QLD260116C0015500054155.02.55 - 5.04.0Out
Call
QLD260116C0015000098150.04.2 - 6.84.5Out
Call
QLD260116C00145000188145.06.1 - 8.58.17Out
Call
QLD260116C00140000324140.09.2 - 11.08.3Out
Call
QLD260116C001390001139.08.9 - 11.611.03Out
Call
QLD260116C0013800020138.09.1 - 11.912.49Out
Call
QLD260116C001370005137.010.0 - 13.412.0Out
Call
QLD260116C001360001136.010.6 - 14.313.6In
Call
QLD260116C00135000157135.011.1 - 13.612.01In
Call
QLD260116C001340004134.012.5 - 14.216.6In
Call
QLD260116C001310003131.014.1 - 16.316.0In
Call
QLD260116C00130000203130.015.6 - 16.915.0In
Call
QLD260116C001270002127.016.8 - 19.217.4In
Call
QLD260116C00125000133125.017.7 - 20.618.26In
Call
QLD260116C0012400016124.018.5 - 21.419.0In
Call
QLD260116C0012300033123.019.2 - 21.717.8In
Call
QLD260116C0012200024122.020.0 - 22.820.38In
Call
QLD260116C0012100013121.020.6 - 23.418.63In
Call
QLD260116C00120000167120.021.5 - 24.123.0In
Call
QLD260116C001190007119.022.1 - 24.923.48In
Call
QLD260116C0011800052118.023.0 - 26.523.4In
Call
QLD260116C001170004117.023.7 - 27.324.15In
Call
QLD260116C0011600046116.024.6 - 27.823.0In
Call
QLD260116C0011500088115.025.5 - 28.227.03In
Call
QLD260116C0011400040114.026.1 - 29.722.1In
Call
QLD260116C0011300048113.027.0 - 30.025.63In
Call
QLD260116C0011200012112.028.0 - 30.718.0In
Call
QLD260116C0011100023111.028.6 - 31.617.9In
Call
QLD260116C00110000170110.029.8 - 32.429.97In
Call
QLD260116C001090005109.030.5 - 33.319.51In
Call
QLD260116C001080008108.031.1 - 34.628.43In
Call
QLD260116C001070009107.032.0 - 35.031.38In
Call
QLD260116C0010600033106.033.0 - 35.835.0In
Call
QLD260116C00105000180105.033.8 - 36.532.57In
Call
QLD260116C001040002104.034.6 - 38.231.32In
Call
QLD260116C001030009103.035.6 - 38.728.0In
Call
QLD260116C0010200061102.036.6 - 39.938.06In
Call
QLD260116C0010100023101.037.1 - 40.339.91In
Call
QLD260116C0010000095100.038.2 - 41.435.85In
Call
QLD260116C00099000799.039.0 - 42.033.0In
Call
QLD260116C000980001698.040.0 - 43.825.69In
Call
QLD260116C000970001797.041.0 - 44.843.0In
Call
QLD260116C000960002096.041.7 - 45.941.95In
Call
QLD260116C0009500010595.042.6 - 46.243.87In
Call
QLD260116C000940001194.043.5 - 47.747.9In
Call
QLD260116C00093000393.044.5 - 48.450.96In
Call
QLD260116C000920002292.045.5 - 49.546.18In
Call
QLD260116C000910002891.046.3 - 50.045.2In
Call
QLD260116C0009000050290.047.2 - 50.849.58In
Call
QLD260116C00089000389.048.1 - 51.848.45In
Call
QLD260116C000880002788.049.1 - 53.052.28In
Call
QLD260116C00087000287.050.0 - 54.050.0In
Call
QLD260116C00086000786.051.0 - 55.053.57In
Call
QLD260116C000850008585.052.0 - 55.837.48In
Call
QLD260116C00084000184.052.8 - 56.952.8In
Call
QLD260116C00083000283.053.8 - 57.754.63In
Call
QLD260116C000820002582.054.7 - 58.740.3In
Call
QLD260116C000810006881.055.7 - 58.956.32In
Call
QLD260116C0008000057780.056.6 - 60.259.52In
Call
QLD260116C00079000379.057.6 - 61.157.6In
Call
QLD260116C00078000178.058.5 - 62.142.81In
Call
QLD260116C000770002277.059.5 - 62.944.0In
Call
QLD260116C00076000276.060.5 - 64.153.87In
Call
QLD260116C000750004875.061.4 - 65.446.0In
Call
QLD260116C00074000274.062.3 - 66.462.3In
Call
QLD260116C00073000273.063.3 - 67.363.3In
Call
QLD260116C00072000272.064.2 - 68.264.2In
Call
QLD260116C00071000271.065.2 - 69.265.2In
Call
QLD260116C0007000015870.066.2 - 69.768.28In
Call
QLD260116C00069000469.067.1 - 71.267.1In
Call
QLD260116C00068000468.068.1 - 72.158.9In
Call
QLD260116C00067000167.069.1 - 73.169.1In
Call
QLD260116C00066000166.070.0 - 74.170.0In
Call
QLD260116C00065000365.071.0 - 75.071.9In
Call
QLD260116C000640001264.072.0 - 76.072.0In
Call
QLD260116C000620002562.073.9 - 77.973.9In
Call
QLD260116C00061000261.074.9 - 78.474.9In
Call
QLD260116C000600001560.075.8 - 79.375.8In
Call
QLD260116C00058000158.077.8 - 81.877.8In
Call
QLD260116C00057000357.078.7 - 82.765.19In
Call
QLD260116C000550005255.080.7 - 84.880.7In
Call
QLD260116C00054000454.081.7 - 85.781.7In
Call
QLD260116C00052000752.083.6 - 87.683.6In
Call
QLD260116C000500005550.085.6 - 89.789.77In
Call
QLD260116C000400003540.095.4 - 99.578.7In
Call
QLD260116C000350002335.0100.4 - 104.4100.4In
Call
QLD260116C000300003030.0105.3 - 109.397.08In
 Put
QLD260116P001950000195.055.7 - 59.855.7In
 Put
QLD260116P001900000190.050.5 - 54.850.5In
 Put
QLD260116P001850000185.045.8 - 49.945.8In
 Put
QLD260116P001800000180.041.0 - 45.041.0In
 Put
QLD260116P001750000175.036.1 - 40.236.1In
 Put
QLD260116P001700000170.032.1 - 35.232.1In
 Put
QLD260116P001650000165.027.7 - 30.827.7In
 Put
QLD260116P001600000160.023.5 - 27.023.5In
 Put
QLD260116P001550000155.019.7 - 22.919.7In
 Put
QLD260116P001500003150.016.2 - 19.729.0In
 Put
QLD260116P001390007139.010.9 - 13.89.7In
 Put
QLD260116P001360001136.09.6 - 12.49.08Out
 Put
QLD260116P001350008135.08.1 - 12.19.8Out
 Put
QLD260116P001330005133.08.1 - 11.210.4Out
 Put
QLD260116P0013200016132.07.8 - 10.99.12Out
 Put
QLD260116P001310002131.07.6 - 10.68.42Out
 Put
QLD260116P001300001707130.07.8 - 9.27.7Out
 Put
QLD260116P001290002129.07.1 - 8.97.74Out
 Put
QLD260116P00127000100127.05.2 - 9.08.0Out
 Put
QLD260116P0012500024125.04.7 - 8.45.3Out
 Put
QLD260116P001240004124.04.4 - 8.36.45Out
 Put
QLD260116P001230002123.04.1 - 7.95.56Out
 Put
QLD260116P001220001122.04.0 - 7.79.2Out
 Put
QLD260116P00121000129121.03.6 - 7.24.77Out
 Put
QLD260116P00120000849120.03.6 - 6.76.27Out
 Put
QLD260116P001190002119.03.1 - 6.44.08Out
 Put
QLD260116P001180005118.03.3 - 6.23.93Out
 Put
QLD260116P001170006117.03.3 - 5.86.11Out
 Put
QLD260116P001160005116.03.1 - 5.83.76Out
 Put
QLD260116P00115000156115.03.2 - 5.25.4Out
 Put
QLD260116P001130001113.03.3 - 5.16.0Out
 Put
QLD260116P001110001111.02.9 - 4.72.95Out
 Put
QLD260116P0011000064110.02.8 - 4.44.2Out
 Put
QLD260116P001080004108.02.5 - 4.23.2Out
 Put
QLD260116P001070004107.02.4 - 4.02.6Out
 Put
QLD260116P00106000102106.02.3 - 3.62.85Out
 Put
QLD260116P001050001033105.02.1 - 3.62.55Out
 Put
QLD260116P001040005104.02.0 - 3.62.49Out
 Put
QLD260116P001030003103.02.0 - 3.42.63Out
 Put
QLD260116P0010200022102.02.0 - 3.42.39Out
 Put
QLD260116P001010007101.01.9 - 3.12.55Out
 Put
QLD260116P0010000047100.01.8 - 3.21.8Out
 Put
QLD260116P000990001299.01.7 - 2.92.22Out
 Put
QLD260116P00098000298.01.65 - 2.82.39Out
 Put
QLD260116P000970001397.01.55 - 2.72.27Out
 Put
QLD260116P00096000296.01.45 - 3.81.85Out
 Put
QLD260116P000950008795.01.4 - 2.751.3Out
 Put
QLD260116P00094000194.01.3 - 2.652.01Out
 Put
QLD260116P00093000293.01.2 - 3.33.8Out
 Put
QLD260116P00091000291.01.1 - 2.251.37Out
 Put
QLD260116P000900008190.01.25 - 2.051.21Out
 Put
QLD260116P00089000389.00.95 - 2.11.35Out
 Put
QLD260116P00088000188.00.05 - 2.051.97Out
 Put
QLD260116P00087000387.00.85 - 1.851.55Out
 Put
QLD260116P00086000986.00.6 - 1.951.37Out
 Put
QLD260116P000850005385.00.55 - 1.81.05Out
 Put
QLD260116P00084000184.00.5 - 1.852.0Out
 Put
QLD260116P00083000683.00.45 - 1.81.12Out
 Put
QLD260116P00082000482.00.05 - 2.353.0Out
 Put
QLD260116P00081000381.00.4 - 1.350.4Out
 Put
QLD260116P000800008180.00.75 - 1.30.77Out
 Put
QLD260116P00079000679.00.3 - 1.450.62Out
 Put
QLD260116P000780001578.00.25 - 1.41.47Out
 Put
QLD260116P000770003477.00.45 - 1.40.82Out
 Put
QLD260116P00076000876.00.2 - 1.350.2Out
 Put
QLD260116P0007500014775.00.35 - 1.30.71Out
 Put
QLD260116P00074000774.00.15 - 1.30.15Out
 Put
QLD260116P00073000473.00.1 - 1.251.39Out
 Put
QLD260116P000710002271.00.1 - 1.70.46Out
 Put
QLD260116P000700008170.00.1 - 1.40.75Out
 Put
QLD260116P00068000368.00.0 - 1.351.35Out
 Put
QLD260116P00067000867.00.0 - 1.31.3Out
 Put
QLD260116P00066000166.00.0 - 1.31.3Out
 Put
QLD260116P000650004765.00.0 - 1.90.46Out
 Put
QLD260116P00064000264.00.0 - 1.251.25Out
 Put
QLD260116P00063000163.00.0 - 2.652.65Out
 Put
QLD260116P00062000462.00.0 - 1.21.2Out
 Put
QLD260116P00061000261.00.05 - 0.80.05Out
 Put
QLD260116P000600009060.00.05 - 0.80.45Out
 Put
QLD260116P000590001059.00.0 - 0.750.75Out
 Put
QLD260116P00058000158.00.0 - 1.151.15Out
 Put
QLD260116P00057000457.00.0 - 1.151.15Out
 Put
QLD260116P00056000156.00.0 - 1.151.15Out
 Put
QLD260116P0005500012455.00.0 - 1.150.3Out
 Put
QLD260116P00053000153.00.0 - 1.151.15Out
 Put
QLD260116P00052000152.00.0 - 1.151.15Out
 Put
QLD260116P000500001750.00.0 - 1.950.5Out
 Put
QLD260116P00045000545.00.0 - 1.950.45Out
 Put
QLD260116P000400002340.00.0 - 0.750.45Out
 Put
QLD260116P000350001035.00.05 - 0.40.45Out
 Put
QLD260116P000300002030.00.0 - 0.750.05Out

When determining whether ProShares Ultra QQQ is a strong investment it is important to analyze ProShares Ultra'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 ProShares Ultra's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProShares Ultra QQQ. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation.
You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
The market value of ProShares Ultra QQQ 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.