SPTL251121P00024000 Option on SPDR Barclays Long
SPTL Etf | USD 26.87 0.04 0.15% |
SPTL251121P00024000 is a PUT option contract on SPDR Barclays' common stock with a strick price of 24.0 expiring on 2025-11-21. The contract was not traded in recent days and, as of today, has 62 days remaining before the expiration. The option is currently trading at an ask price of $0.1. The implied volatility as of the 20th of September is 62.0.
When exercised, put options on SPDR Barclays 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 Barclays' downside price movement.
Rule 16 of 2025-11-21 Option Contract
The options market is anticipating that SPDR Barclays Long will have an average daily up or down price movement of about 0.0137% per day over the life of the option. With SPDR Barclays trading at USD 26.87, that is roughly USD 0.003691. If you think that the market is fully understating SPDR Barclays' daily price movement you should consider buying SPDR Barclays Long options at that current volatility level of 0.22%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on SPDR Barclays
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 Barclays' 'Out of The Money' options include buying the options if you expect a big move in SPDR Barclays' 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 Name | SPTL251121P00024000 |
Expires On | 2025-11-21 |
Days Before Expriration | 62 |
Vega | 0.017429 |
Gamma | 0.064916 |
Theoretical Value | 0.1 |
Open Interest | 143 |
Strike Price | 24.0 |
Last Traded At | 0.1 |
Current Price Spread | 0.0 | 0.1 |
Rule 16 Daily Up or Down | USD 0.003691 |
SPDR short PUT Option Greeks
SPDR Barclays' Option Greeks for the contract ending on 2025-11-21 at a strike price of 24.0 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 Barclays' option greeks, its implied volatility helps estimate the risk of SPDR Barclays stock implied by the prices of the options on SPDR Barclays' stock.
Delta | -0.086323 | |
Gamma | 0.064916 | |
Theta | -0.002834 | |
Vega | 0.017429 | |
Rho | -0.003764 |
SPDR long PUT Option Payoff at expiration
Put options written on SPDR Barclays grant holders of the option the right to sell a specified amount of SPDR Barclays 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 Barclays is like buying insurance aginst SPDR Barclays' downside shift.
Profit |
SPDR Barclays Price At Expiration |
SPDR short PUT Option Payoff at expiration
By selling SPDR Barclays' put option, the investors signal their bearish sentiment. A short position in a put option written on SPDR Barclays will generally make money when the underlying price is above the strike price. Therefore SPDR Barclays' put payoff at expiration depends on where the SPDR Etf price is relative to the put option strike price. The breakeven price of 23.9 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 Barclays' price. Finally, at the strike price of 24.0, the payoff chart is constant and positive.
Profit |
SPDR Barclays Price At Expiration |
SPDR Barclays Long Available Put Options
SPDR Barclays' 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 Barclays 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 | |||
Put | SPTL251121P00040000 | 0 | 40.0 | 13.1 - 13.3 | 13.1 | In |
Put | SPTL251121P00037000 | 0 | 37.0 | 10.1 - 10.3 | 10.1 | In |
Put | SPTL251121P00036000 | 0 | 36.0 | 8.6 - 9.3 | 8.6 | In |
Put | SPTL251121P00035000 | 24 | 35.0 | 7.6 - 8.3 | 9.1 | In |
Put | SPTL251121P00034000 | 0 | 34.0 | 6.7 - 7.3 | 6.7 | In |
Put | SPTL251121P00033000 | 0 | 33.0 | 5.7 - 6.3 | 5.7 | In |
Put | SPTL251121P00032000 | 0 | 32.0 | 4.6 - 5.3 | 4.6 | In |
Put | SPTL251121P00031000 | 0 | 31.0 | 3.7 - 4.3 | 3.7 | In |
Put | SPTL251121P00030000 | 0 | 30.0 | 2.7 - 3.3 | 2.7 | In |
Put | SPTL251121P00029000 | 7 | 29.0 | 2.15 - 2.25 | 2.1 | In |
Put | SPTL251121P00028000 | 3 | 28.0 | 1.2 - 1.3 | 1.84 | In |
Put | SPTL251121P00027000 | 70 | 27.0 | 0.5 - 0.6 | 0.5 | Out |
Put | SPTL251121P00026000 | 14 | 26.0 | 0.15 - 0.2 | 0.12 | Out |
Put | SPTL251121P00025000 | 24 | 25.0 | 0.0 - 0.1 | 0.1 | Out |
Put | SPTL251121P00024000 | 143 | 24.0 | 0.0 - 0.1 | 0.1 | Out |
Put | SPTL251121P00022000 | 1 | 22.0 | 0.0 - 0.1 | 0.1 | Out |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SPDR Barclays Long. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
The market value of SPDR Barclays Long 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 Barclays' value that differs from its market value or its book value, called intrinsic value, which is SPDR Barclays' 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 Barclays' market value can be influenced by many factors that don't directly affect SPDR Barclays' 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 Barclays' value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Barclays is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Barclays' 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.