ProShares UltraShort Stock Options

TWM Etf  USD 39.03  0.39  1.01%   
ProShares UltraShort's latest option contracts expiring on October 17th 2025 are carrying combined implied volatility of 0.55 with a put-to-call open interest ratio of 0.2 over 39 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on October 17th 2025.

Open Interest Against October 17th 2025 Option Contracts

The chart above shows ProShares UltraShort'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 UltraShort's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for ProShares UltraShort's option, there is no secondary market available for investors to trade.

In The Money vs. Out of Money Option Contracts on ProShares UltraShort

Analyzing ProShares UltraShort's in-the-money options over time can help investors to take a profitable long position in ProShares UltraShort regardless of its overall volatility. This is especially true when ProShares UltraShort's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money ProShares UltraShort's options could be used as guardians of the underlying stock as they move almost dollar for dollar with ProShares UltraShort's stock while costing only a fraction of its price.
Please note that buying 'in-the-money' options on ProShares UltraShort lessens the impact of time decay, as they carry both intrinsic and time value. So, even if ProShares UltraShort'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 ProShares UltraShort 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 ProShares Etf moves the wrong way.

ProShares Current Options Market Mood

ProShares UltraShort'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

Unfortunately, most ProShares UltraShort's options investors are not very successful. ProShares UltraShort'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 UltraShort Russell2000 will have an average daily up or down price movement of about 0.0344% per day over the life of the 2025-10-17 option contract. With ProShares UltraShort trading at USD 39.03, that is roughly USD 0.0134. If you think that the market is fully incorporating ProShares UltraShort's daily price movement you should consider buying ProShares UltraShort Russell2000 options at the current volatility level of 0.55%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Purchasing ProShares UltraShort 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 UltraShort Russell2000 stock to the call owner when a call is exercised.

ProShares UltraShort Option Chain

When ProShares UltraShort's strike price is surpassing the current stock price, the option contract against ProShares UltraShort Russell2000 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 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
TWM251017C00090000590.00.0 - 1.71.7Out
Call
TWM251017C00085000085.00.0 - 0.50.5Out
Call
TWM251017C00080000480.00.0 - 0.50.55Out
Call
TWM251017C00075000075.00.0 - 1.71.7Out
Call
TWM251017C00070000170.00.0 - 0.50.5Out
Call
TWM251017C00069000069.00.0 - 0.50.5Out
Call
TWM251017C00068000068.00.0 - 0.50.5Out
Call
TWM251017C00067000067.00.0 - 0.50.5Out
Call
TWM251017C00066000066.00.0 - 0.50.5Out
Call
TWM251017C00065000565.00.0 - 0.50.5Out
Call
TWM251017C00060000460.00.0 - 1.71.01Out
Call
TWM251017C00059000159.00.0 - 0.550.55Out
Call
TWM251017C00056000156.00.0 - 0.550.55Out
Call
TWM251017C00055000155.00.0 - 0.60.6Out
Call
TWM251017C00054000154.00.0 - 0.60.93Out
Call
TWM251017C00053000653.00.0 - 0.850.85Out
Call
TWM251017C00050000350.00.0 - 2.52.4Out
Call
TWM251017C000470001247.00.0 - 2.96.3Out
Call
TWM251017C00046000246.00.0 - 3.03.0Out
Call
TWM251017C00045000145.00.05 - 3.20.05Out
Call
TWM251017C00044000144.00.6 - 1.952.55Out
Call
TWM251017C00039000839.01.75 - 3.23.2Out
 Put
TWM251017P00090000090.049.1 - 53.449.1In
 Put
TWM251017P00085000085.044.2 - 48.444.2In
 Put
TWM251017P00080000080.039.2 - 43.439.2In
 Put
TWM251017P00075000075.034.3 - 38.534.3In
 Put
TWM251017P00070000170.029.3 - 33.529.3In
 Put
TWM251017P00069000069.028.3 - 32.528.3In
 Put
TWM251017P00068000068.027.3 - 31.527.3In
 Put
TWM251017P00067000067.026.3 - 30.526.3In
 Put
TWM251017P00066000066.025.4 - 29.525.4In
 Put
TWM251017P00065000165.024.4 - 28.624.4In
 Put
TWM251017P00060000160.019.4 - 23.619.4In
 Put
TWM251017P00052000152.011.6 - 15.913.3In
 Put
TWM251017P00050000150.09.7 - 13.911.5In
 Put
TWM251017P00048000148.08.0 - 12.110.75In
 Put
TWM251017P00046000146.06.4 - 10.08.95In
 Put
TWM251017P00042000242.03.0 - 7.03.5In
 Put
TWM251017P00041000241.02.2 - 6.32.95In

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 Russell2000. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.
You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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.