SDS250919C00023000 Option on ProShares UltraShort

SDS Etf  USD 16.61  0.53  3.30%   
SDS250919C00023000 is a PUT option contract on ProShares UltraShort's common stock with a strick price of 23.0 expiring on 2025-09-19. The contract was not traded in recent days and, as of today, has 47 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 3rd of August is 47.0.
When exercised, put options on ProShares UltraShort produce a short position in ProShares Etf. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on ProShares UltraShort's downside price movement.

Rule 16 of 2025-09-19 Option Contract

The options market is anticipating that ProShares UltraShort SP500 will have an average daily up or down price movement of about 0.0566% per day over the life of the option. With ProShares UltraShort trading at USD 16.61, that is roughly USD 0.009406. If you think that the market is fully understating ProShares UltraShort's daily price movement you should consider buying ProShares UltraShort SP500 options at that current volatility level of 0.91%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Call Option on ProShares UltraShort

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 UltraShort's 'Out of The Money' options include buying the options if you expect a big move in ProShares UltraShort'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.
Call Contract NameSDS250919C00023000
Expires On2025-09-19
Days Before Expriration47
Delta0.092129
Vega0.009415
Gamma0.030738
Theoretical Value0.2
Open Interest372
Current Trading Volume1.0
Strike Price23.0
Last Traded At0.2
Current Price Spread0.1 | 0.2
Rule 16 Daily Up or DownUSD 0.009406

ProShares short PUT Option Greeks

ProShares UltraShort's Option Greeks for the contract ending on 2025-09-19 at a strike price of 23.0 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 UltraShort's option greeks, its implied volatility helps estimate the risk of ProShares UltraShort stock implied by the prices of the options on ProShares UltraShort's stock.
Delta0.092129
Gamma0.030738
Theta-0.004639
Vega0.009415
Rho0.001394

ProShares long PUT Option Payoff at expiration

Put options written on ProShares UltraShort grant holders of the option the right to sell a specified amount of ProShares UltraShort 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 UltraShort is like buying insurance aginst ProShares UltraShort's downside shift.
   Profit   
       ProShares UltraShort Price At Expiration  

ProShares short PUT Option Payoff at expiration

By selling ProShares UltraShort's put option, the investors signal their bearish sentiment. A short position in a put option written on ProShares UltraShort will generally make money when the underlying price is above the strike price. Therefore ProShares UltraShort's put payoff at expiration depends on where the ProShares Etf price is relative to the put option strike price. The breakeven price of 23.2 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 UltraShort's price. Finally, at the strike price of 23.0, the payoff chart is constant and positive.
   Profit   
       ProShares UltraShort Price At Expiration  
View All ProShares UltraShort Options

ProShares UltraShort Available Call Options

ProShares UltraShort'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 UltraShort 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
SDS250919C0004000095540.00.0 - 0.20.05Out
Call
SDS250919C000390001739.00.0 - 1.351.35Out
Call
SDS250919C000380007838.00.0 - 0.20.05Out
Call
SDS250919C00037000237.00.0 - 0.550.05Out
Call
SDS250919C00036000036.00.0 - 1.351.35Out
Call
SDS250919C000350004335.00.0 - 0.250.1Out
Call
SDS250919C000340003034.00.0 - 1.351.35Out
Call
SDS250919C00033000333.00.0 - 1.351.35Out
Call
SDS250919C000320001032.00.0 - 0.20.16Out
Call
SDS250919C000310006631.00.0 - 0.950.23Out
Call
SDS250919C0003000010230.00.0 - 0.70.1Out
Call
SDS250919C00029000129.00.0 - 0.950.95Out
Call
SDS250919C0002800054728.00.0 - 0.30.05Out
Call
SDS250919C0002700044927.00.0 - 0.40.07Out
Call
SDS250919C00026000271526.00.05 - 0.20.06Out
Call
SDS250919C0002500068225.00.05 - 0.20.03Out
Call
SDS250919C0002400059824.00.0 - 0.250.1Out
Call
SDS250919C0002300037223.00.1 - 0.20.2Out
Call
SDS250919C0002200094422.00.1 - 0.20.15Out
Call
SDS250919C00021000194221.00.15 - 0.20.19Out
Call
SDS250919C00020000366720.00.15 - 0.30.25Out
Call
SDS250919C00019000118919.00.25 - 0.40.35Out
Call
SDS250919C00018000220518.00.4 - 0.50.55Out
Call
SDS250919C00017000214317.00.55 - 0.80.7Out
Call
SDS250919C00016000152916.01.05 - 1.151.08In
Call
SDS250919C0001500057815.01.6 - 1.851.75In
Call
SDS250919C000140003814.02.3 - 4.02.64In
Call
SDS250919C000130004113.02.1 - 3.93.5In
When determining whether ProShares UltraShort is a strong investment it is important to analyze ProShares UltraShort'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 UltraShort's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares UltraShort SP500. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
The market value of ProShares UltraShort 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 UltraShort's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraShort'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 UltraShort's market value can be influenced by many factors that don't directly affect ProShares UltraShort'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 UltraShort's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraShort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraShort'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.