XME250919C00052000 Option on SPDR SP Metals

XME Etf  USD 72.41  0.91  1.24%   
XME250919C00052000 is a PUT option contract on SPDR SP's common stock with a strick price of 52.0 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 $18.4, and an ask price of $23.3. The implied volatility as of the 3rd of August is 47.0.
When exercised, put options on SPDR SP produce a short position in SPDR Etf. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on SPDR SP's downside price movement.

Rule 16 of 2025-09-19 Option Contract

The options market is anticipating that SPDR SP Metals will have an average daily up or down price movement of about 0.0334% per day over the life of the option. With SPDR SP trading at USD 72.41, that is roughly USD 0.0242. If you think that the market is fully understating SPDR SP's daily price movement you should consider buying SPDR SP Metals options at that current volatility level of 0.53%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

In The Money Call Option on SPDR SP

An 'In The Money' option is one with a strike price that the current stock price has already surpassed. Some options investors can hedge their SPDR SP positions using in-the-money options. They may also want to buy options with some intrinsic value, not just time value. However, because in-the-money options on SPDR Etf have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
Call Contract NameXME250919C00052000
Expires On2025-09-19
Days Before Expriration47
Delta0.965853
Vega0.019515
Gamma0.005299
Theoretical Value20.85
Open Interest2
Strike Price52.0
Current Price Spread18.4 | 23.3
Rule 16 Daily Up or DownUSD 0.0242

SPDR short PUT Option Greeks

SPDR SP's Option Greeks for the contract ending on 2025-09-19 at a strike price of 52.0 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 SPDR SP's option greeks, its implied volatility helps estimate the risk of SPDR SP stock implied by the prices of the options on SPDR SP's stock.
Delta0.965853
Gamma0.005299
Theta-0.01561
Vega0.019515
Rho0.064553

SPDR long PUT Option Payoff at expiration

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

SPDR short PUT Option Payoff at expiration

By selling SPDR SP's put option, the investors signal their bearish sentiment. A short position in a put option written on SPDR SP will generally make money when the underlying price is above the strike price. Therefore SPDR SP's put payoff at expiration depends on where the SPDR Etf price is relative to the put option strike price. The breakeven price of 72.85 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 SPDR SP's price. Finally, at the strike price of 52.0, the payoff chart is constant and positive.
   Profit   
       SPDR SP Price At Expiration  
View All SPDR SP Options

SPDR SP Metals Available Call Options

SPDR SP'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 SP 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
XME250919C00090000190.00.0 - 4.80.23Out
Call
XME250919C0008500013685.00.0 - 1.150.25Out
Call
XME250919C00080000209280.00.55 - 1.250.62Out
Call
XME250919C000790003279.00.45 - 5.00.7Out
Call
XME250919C0007800019178.00.65 - 5.01.0Out
Call
XME250919C0007700013677.01.1 - 6.01.23Out
Call
XME250919C0007600018076.00.0 - 4.82.55Out
Call
XME250919C0007500024575.00.0 - 4.81.95Out
Call
XME250919C000740002774.00.85 - 5.73.63Out
Call
XME250919C000730002473.00.55 - 5.42.7Out
Call
XME250919C000720008072.01.15 - 6.06.83In
Call
XME250919C000710006071.01.75 - 6.54.66In
Call
XME250919C0007000017270.02.35 - 7.14.75In
Call
XME250919C00069000431169.04.8 - 9.67.31In
Call
XME250919C0006800068368.03.5 - 8.36.85In
Call
XME250919C000670004667.04.4 - 9.211.25In
Call
XME250919C000660003466.05.6 - 10.411.83In
Call
XME250919C00065000429465.06.8 - 11.610.73In
Call
XME250919C0006400010264.07.3 - 12.113.26In
Call
XME250919C0006300027563.08.0 - 12.812.44In
Call
XME250919C00062000463262.09.1 - 13.811.5In
Call
XME250919C000610007961.09.3 - 14.214.55In
Call
XME250919C0006000077860.010.6 - 15.518.0In
Call
XME250919C0005900013859.011.5 - 16.49.95In
Call
XME250919C000580004358.012.7 - 17.718.05In
Call
XME250919C000570001057.013.6 - 18.613.6In
Call
XME250919C00056000256.014.6 - 19.514.6In
Call
XME250919C000550001355.015.2 - 20.217.6In
Call
XME250919C00052000252.018.4 - 23.318.4In
Call
XME250919C00051000251.019.1 - 24.119.1In
Call
XME250919C00050000650.021.1 - 26.018.76In
Call
XME250919C000490001049.021.4 - 26.324.17In
Call
XME250919C00048000348.023.1 - 27.223.1In
Call
XME250919C00043000143.027.1 - 32.127.1In
Call
XME250919C00035000135.035.0 - 39.935.0In
When determining whether SPDR SP Metals is a strong investment it is important to analyze SPDR SP'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 SPDR SP's future performance. For an informed investment choice regarding SPDR Etf, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in SPDR SP Metals. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.
You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
The market value of SPDR SP Metals 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 SP's value that differs from its market value or its book value, called intrinsic value, which is SPDR SP'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 SP's market value can be influenced by many factors that don't directly affect SPDR SP'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 SP's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR SP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR SP'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.