SPSM251219C00050000 Option on SPDR Portfolio SP
| SPSM Etf | USD 47.11 0.02 0.04% |
SPSM251219C00050000 is a PUT option contract on SPDR Portfolio's common stock with a strick price of 50.0 expiring on 2025-12-19. The contract was not traded in recent days and, as of today, has 19 days remaining before the expiration. The option is currently trading at an ask price of $0.75. The implied volatility as of the 30th of November is 19.0.
When exercised, put options on SPDR Portfolio 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 Portfolio's downside price movement.
Rule 16 of 2025-12-19 Option Contract
The options market is anticipating that SPDR Portfolio SP will have an average daily up or down price movement of about 0.0234% per day over the life of the option. With SPDR Portfolio trading at USD 47.11, that is roughly USD 0.011. If you think that the market is fully understating SPDR Portfolio's daily price movement you should consider buying SPDR Portfolio SP options at that current volatility level of 0.37%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Call Option on SPDR Portfolio
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 Portfolio's 'Out of The Money' options include buying the options if you expect a big move in SPDR Portfolio'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 Name | SPSM251219C00050000 |
| Expires On | 2025-12-19 |
| Days Before Expriration | 19 |
| Delta | 0.28557 |
| Vega | 0.040169 |
| Gamma | 0.076941 |
| Theoretical Value | 0.75 |
| Open Interest | 141 |
| Strike Price | 50.0 |
| Last Traded At | 0.23 |
| Current Price Spread | 0.0 | 0.75 |
| Rule 16 Daily Up or Down | USD 0.011 |
SPDR short PUT Option Greeks
SPDR Portfolio's Option Greeks for the contract ending on 2025-12-19 at a strike price of 50.0 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 Portfolio's option greeks, its implied volatility helps estimate the risk of SPDR Portfolio stock implied by the prices of the options on SPDR Portfolio's stock.
| Delta | 0.28557 | |
| Gamma | 0.076941 | |
| Theta | -0.03398 | |
| Vega | 0.040169 | |
| Rho | 0.008001 |
SPDR long PUT Option Payoff at expiration
Put options written on SPDR Portfolio grant holders of the option the right to sell a specified amount of SPDR Portfolio 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 Portfolio is like buying insurance aginst SPDR Portfolio's downside shift.
Profit |
| SPDR Portfolio Price At Expiration |
SPDR short PUT Option Payoff at expiration
By selling SPDR Portfolio's put option, the investors signal their bearish sentiment. A short position in a put option written on SPDR Portfolio will generally make money when the underlying price is above the strike price. Therefore SPDR Portfolio's put payoff at expiration depends on where the SPDR Etf price is relative to the put option strike price. The breakeven price of 50.75 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 Portfolio's price. Finally, at the strike price of 50.0, the payoff chart is constant and positive.
Profit |
| SPDR Portfolio Price At Expiration |
SPDR Portfolio SP Available Call Options
SPDR Portfolio'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 Portfolio 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 Int | Strike Price | Current Spread | Last Price | |||
Call | SPSM260116C00055000 | 0 | 55.0 | 0.0 - 0.65 | 0.65 | |
Call | SPSM260116C00054000 | 0 | 54.0 | 0.0 - 0.7 | 0.7 | |
Call | SPSM260116C00053000 | 0 | 53.0 | 0.0 - 0.7 | 0.7 | |
Call | SPSM260116C00052000 | 0 | 52.0 | 0.0 - 0.75 | 0.75 | |
Call | SPSM260116C00051000 | 0 | 51.0 | 0.0 - 0.8 | 0.8 | |
Call | SPSM260116C00050000 | 2 | 50.0 | 0.0 - 1.3 | 0.5 | Out |
Call | SPSM260116C00049000 | 0 | 49.0 | 0.0 - 1.6 | 1.6 | |
Call | SPSM260116C00048000 | 51 | 48.0 | 0.0 - 1.3 | 1.1 | Out |
Call | SPSM260116C00047000 | 0 | 47.0 | 0.5 - 2.6 | 0.5 | |
Call | SPSM260116C00046000 | 0 | 46.0 | 0.95 - 2.75 | 0.95 | In |
Call | SPSM260116C00045000 | 5 | 45.0 | 1.65 - 4.0 | 1.5 | In |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SPDR Portfolio SP. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
The market value of SPDR Portfolio SP 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 Portfolio's value that differs from its market value or its book value, called intrinsic value, which is SPDR Portfolio'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 Portfolio's market value can be influenced by many factors that don't directly affect SPDR Portfolio'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 Portfolio's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Portfolio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Portfolio'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.