XME250919P00042000 Option on SPDR SP Metals

XME Etf  USD 72.41  0.91  1.24%   
XME250919P00042000 is a PUT option contract on SPDR SP's common stock with a strick price of 42.0 expiring on 2025-09-19. The contract was not traded in recent days and, as of today, has 46 days remaining before the expiration. The option is currently trading at an ask price of $4.8. The implied volatility as of the 4th of August is 46.0.
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 0.0939% per day over the life of the option. With SPDR SP trading at USD 72.41, that is roughly USD 0.068. 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 1.5%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put Option on SPDR SP

An 'Out of The Money' option on SPDR has a strike price that SPDR 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 SPDR SP's 'Out of The Money' options include buying the options if you expect a big move in SPDR SP'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 NameXME250919P00042000
Expires On2025-09-19
Days Before Expriration46
Vega0.046121
Gamma0.004455
Theoretical Value2.4
Open Interest1
Strike Price42.0
Current Price Spread0.0 | 4.8
Rule 16 Daily Up or DownUSD 0.068

SPDR short PUT Option Greeks

SPDR SP's Option Greeks for the contract ending on 2025-09-19 at a strike price of 42.0 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.
Delta-0.100132
Gamma0.004455
Theta-0.071228
Vega0.046121
Rho-0.011558

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 39.6 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 42.0, the payoff chart is constant and positive.
   Profit   
       SPDR SP Price At Expiration  
View All SPDR SP Options

SPDR SP Metals Available Put 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
 Put
XME250919P00090000090.015.0 - 19.915.0In
 Put
XME250919P00085000285.010.1 - 15.07.7In
 Put
XME250919P000800001180.05.5 - 10.34.4In
 Put
XME250919P000790002979.04.5 - 9.37.18In
 Put
XME250919P000780003678.04.0 - 8.85.7In
 Put
XME250919P000770005777.03.1 - 7.94.8In
 Put
XME250919P0007600013076.02.55 - 7.44.79In
 Put
XME250919P00075000312375.01.55 - 6.44.21In
 Put
XME250919P0007400020874.01.15 - 6.03.54In
 Put
XME250919P000730006173.00.9 - 4.93.0In
 Put
XME250919P000720009472.00.05 - 4.92.6Out
 Put
XME250919P000710003071.01.0 - 5.91.27Out
 Put
XME250919P0007000013070.00.75 - 5.01.87Out
 Put
XME250919P00069000303069.00.0 - 4.81.35Out
 Put
XME250919P000680005968.00.0 - 1.551.25Out
 Put
XME250919P000670006867.00.05 - 5.01.07Out
 Put
XME250919P0006600017366.00.35 - 5.00.75Out
 Put
XME250919P000650004265.00.0 - 4.80.77Out
 Put
XME250919P000640005764.00.0 - 4.80.71Out
 Put
XME250919P000630003363.00.0 - 4.80.55Out
 Put
XME250919P00062000420062.00.0 - 4.80.65Out
 Put
XME250919P000610003761.00.0 - 4.80.52Out
 Put
XME250919P0006000025760.00.0 - 4.80.2Out
 Put
XME250919P000590004059.00.05 - 5.00.7Out
 Put
XME250919P0005800057658.00.0 - 0.450.05Out
 Put
XME250919P0005700010857.00.0 - 4.80.25Out
 Put
XME250919P000560002856.00.0 - 4.80.25Out
 Put
XME250919P000550007455.00.0 - 0.70.12Out
 Put
XME250919P000540002554.00.0 - 4.80.17Out
 Put
XME250919P00053000508753.00.0 - 4.80.15Out
 Put
XME250919P000520001952.00.0 - 4.80.12Out
 Put
XME250919P00051000554151.00.0 - 4.80.13Out
 Put
XME250919P00050000770550.00.0 - 0.50.01Out
 Put
XME250919P00049000849.00.0 - 4.84.8Out
 Put
XME250919P00048000648.00.0 - 4.80.65Out
 Put
XME250919P00047000947.00.0 - 4.84.8Out
 Put
XME250919P0004500012545.00.0 - 4.80.68Out
 Put
XME250919P00044000244.00.0 - 4.80.2Out
 Put
XME250919P00043000143.00.0 - 0.250.25Out
 Put
XME250919P00042000142.00.0 - 4.84.8Out
 Put
XME250919P000400003540.00.0 - 4.84.8Out
 Put
XME250919P00039000139.00.0 - 4.84.8Out
 Put
XME250919P00030000130.00.0 - 4.80.03Out
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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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.