null Option on SPDR SP Metals

XME Etf  USD 76.22  1.38  1.78%   
SPDR SP's latest option contracts expiring on September 19th 2025 are carrying combined implied volatility of 0.61 with a put-to-call open interest ratio of 1.44 over 77 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on September 19th 2025. The total put volume is at 1.6 K, with calls trading at the volume of 207. This yields a 7.69 put-to-call volume ratio.

Open Interest Against September 19th 2025 Option Contracts

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

SPDR SP Maximum Pain Price Across 2025-09-19 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 SPDR SP 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, SPDR SP'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 SPDR SP

Analyzing SPDR SP's in-the-money options over time can help investors to take a profitable long position in SPDR SP regardless of its overall volatility. This is especially true when SPDR SP's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money SPDR SP's options could be used as guardians of the underlying stock as they move almost dollar for dollar with SPDR SP's stock while costing only a fraction of its price.
SPDR SP's stock options are financial instruments that give investors the right to buy or sell shares of SPDR SP Metals common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell SPDR stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If SPDR SP's stock price goes up or down, the stock options follow.

SPDR SP Metals In The Money Call Balance

When SPDR SP's strike price is surpassing the current stock price, the option contract against SPDR SP Metals stock is said to be in the money. When it comes to buying SPDR SP'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 SPDR SP Metals 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.

SPDR Current Options Market Mood

SPDR SP'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 SPDR 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

It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Using current SPDR SP's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.

Rule 16 of the current SPDR contract

Base on the Rule 16, the options market is currently suggesting that SPDR SP Metals will have an average daily up or down price movement of about 0.0381% per day over the life of the 2025-09-19 option contract. With SPDR SP trading at USD 76.22, that is roughly USD 0.0291. If you think that the market is fully incorporating SPDR SP's daily price movement you should consider buying SPDR SP Metals options at the current volatility level of 0.61%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Purchasing SPDR SP 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" SPDR calls. Remember, the seller must deliver SPDR SP Metals stock to the call owner when a call is exercised.

SPDR SP Option Chain

When SPDR SP's strike price is surpassing the current stock price, the option contract against SPDR SP Metals 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.
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
XME250919C00090000090.00.0 - 4.80.23Out
Call
XME250919C0008500014085.00.05 - 2.350.7Out
Call
XME250919C00080000208080.00.75 - 5.62.29Out
Call
XME250919C000790003379.00.1 - 4.92.6Out
Call
XME250919C000780004778.00.85 - 5.73.16Out
Call
XME250919C00077000777.02.35 - 7.23.83In
Call
XME250919C0007600012176.01.85 - 6.74.75In
Call
XME250919C000750008175.02.55 - 7.45.16In
Call
XME250919C000740001174.03.7 - 8.55.5In
Call
XME250919C000730002473.04.1 - 8.95.88In
Call
XME250919C000720008072.04.6 - 9.46.83In
Call
XME250919C000710006171.05.6 - 10.47.4In
Call
XME250919C0007000017870.06.6 - 11.48.53In
Call
XME250919C00069000431369.07.1 - 11.910.26In
Call
XME250919C0006800068368.08.1 - 12.96.35In
Call
XME250919C000670004667.08.7 - 13.511.25In
Call
XME250919C000660003466.09.0 - 13.811.83In
Call
XME250919C00065000430265.010.8 - 15.613.0In
Call
XME250919C0006400010264.011.8 - 16.613.26In
Call
XME250919C0006300027563.013.0 - 17.912.44In
Call
XME250919C00062000463262.013.8 - 18.811.5In
Call
XME250919C000610007961.014.2 - 19.212.24In
Call
XME250919C0006000077860.015.3 - 20.318.0In
Call
XME250919C0005900013859.016.1 - 21.19.95In
Call
XME250919C000580004058.016.7 - 21.714.37In
Call
XME250919C000570001057.018.5 - 23.518.5In
Call
XME250919C00056000256.019.6 - 24.619.6In
Call
XME250919C000550001355.020.3 - 25.317.6In
Call
XME250919C00052000252.023.5 - 28.523.5In
Call
XME250919C00051000251.024.4 - 29.424.4In
Call
XME250919C00050000650.025.5 - 30.418.76In
Call
XME250919C00049000249.026.5 - 31.516.6In
Call
XME250919C00048000348.027.5 - 32.527.5In
Call
XME250919C00043000143.032.4 - 37.432.4In
Call
XME250919C00035000135.040.4 - 45.440.4In
 Put
XME250919P00090000090.010.2 - 15.010.2In
 Put
XME250919P00085000285.05.2 - 10.07.7In
 Put
XME250919P00080000480.02.05 - 6.94.4In
 Put
XME250919P000790002779.01.25 - 6.14.0In
 Put
XME250919P00078000478.00.85 - 5.73.5In
 Put
XME250919P000770005677.02.0 - 6.63.0Out
 Put
XME250919P000760003776.00.1 - 5.02.45Out
 Put
XME250919P000750005075.00.0 - 2.32.12Out
 Put
XME250919P0007400020474.00.85 - 5.81.88Out
 Put
XME250919P000730002673.00.0 - 4.81.58Out
 Put
XME250919P0007200011172.00.0 - 4.81.2Out
 Put
XME250919P000710002371.00.5 - 5.31.05Out
 Put
XME250919P0007000011270.00.0 - 4.80.9Out
 Put
XME250919P00069000152969.00.0 - 4.80.69Out
 Put
XME250919P000680005568.00.0 - 4.80.61Out
 Put
XME250919P000670006067.00.0 - 4.80.56Out
 Put
XME250919P0006600016866.00.0 - 4.80.45Out
 Put
XME250919P000650004265.00.0 - 4.80.37Out
 Put
XME250919P000640003964.00.25 - 5.11.15Out
 Put
XME250919P000630003263.00.0 - 0.71.35Out
 Put
XME250919P00062000419862.00.0 - 4.80.25Out
 Put
XME250919P000610003561.00.0 - 4.80.51Out
 Put
XME250919P0006000025760.00.05 - 5.00.2Out
 Put
XME250919P000590004059.00.05 - 5.00.7Out
 Put
XME250919P0005800057658.00.0 - 0.30.05Out
 Put
XME250919P0005700010857.00.0 - 4.80.25Out
 Put
XME250919P000560002856.00.0 - 4.80.25Out
 Put
XME250919P000550007455.00.0 - 0.40.12Out
 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
XME250919P00050000770850.00.0 - 0.20.13Out
 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 - 4.80.05Out
 Put
XME250919P00044000244.00.0 - 4.80.2Out
 Put
XME250919P00043000143.00.0 - 4.84.8Out
 Put
XME250919P00042000142.00.0 - 4.84.8Out
 Put
XME250919P000400003540.00.0 - 4.84.8Out
 Put
XME250919P00039000139.00.0 - 4.84.8Out

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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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.