Direxion Daily Stock Options

SPXL Etf  USD 193.42  2.25  1.18%   
Direxion Daily's latest option contracts expiring on October 17th 2025 are carrying combined implied volatility of 0.62 with a put-to-call open interest ratio of 1.46 over 238 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on October 17th 2025. The total put volume is at 88.0, with calls trading at the volume of 93.0. This yields a 0.95 put-to-call volume ratio.

Open Interest Against October 17th 2025 Option Contracts

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

Direxion Daily Maximum Pain Price Across 2025-10-17 Option Contracts

Direxion Daily's 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, 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 Direxion Daily

Analyzing Direxion Daily's in-the-money options over time can help investors to take a profitable long position in Direxion Daily regardless of its overall volatility. This is especially true when Direxion Daily's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Direxion Daily's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Direxion Daily's stock while costing only a fraction of its price.

Direxion Daily SP500 In The Money Call Balance

When Direxion Daily's strike price is surpassing the current stock price, the option contract against Direxion Daily SP500 stock is said to be in the money. When it comes to buying Direxion Daily'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 Direxion Daily SP500 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.

Direxion Current Options Market Mood

Direxion Daily'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 Direxion 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

Most options investors, including buyers and sellers of Direxion Daily's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Direxion Daily's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.

Rule 16 of the current Direxion contract

Base on the Rule 16, the options market is currently suggesting that Direxion Daily SP500 will have an average daily up or down price movement of about 0.0388% per day over the life of the 2025-10-17 option contract. With Direxion Daily trading at USD 193.42, that is roughly USD 0.075. If you think that the market is fully incorporating Direxion Daily's daily price movement you should consider buying Direxion Daily SP500 options at the current volatility level of 0.62%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Purchasing Direxion Daily 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" Direxion calls. Remember, the seller must deliver Direxion Daily SP500 stock to the call owner when a call is exercised.

Direxion Daily Option Chain

When Direxion Daily's strike price is surpassing the current stock price, the option contract against Direxion Daily SP500 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.
Direxion Daily's option chain is a display of a range of information that helps investors for ways to trade options on Direxion. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Direxion. It also shows strike prices and maturity days for a Direxion Daily 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
SPXL251017C002700001270.00.0 - 0.950.15Out
Call
SPXL251017C002650005265.00.0 - 0.750.5Out
Call
SPXL251017C0026000039260.00.0 - 0.950.3Out
Call
SPXL251017C0025500010255.00.0 - 0.950.65Out
Call
SPXL251017C0025000012250.00.0 - 0.650.2Out
Call
SPXL251017C002450000245.00.0 - 0.950.95Out
Call
SPXL251017C002400004240.00.0 - 0.50.4Out
Call
SPXL251017C0023500033235.00.35 - 0.50.93Out
Call
SPXL251017C0023000036230.00.5 - 0.950.55Out
Call
SPXL251017C0022500013225.00.9 - 1.10.98Out
Call
SPXL251017C00220000119220.01.45 - 1.61.8Out
Call
SPXL251017C0021500038215.02.25 - 2.452.13Out
Call
SPXL251017C0021000055210.03.4 - 3.73.1Out
Call
SPXL251017C0020500021205.05.0 - 5.34.44Out
Call
SPXL251017C00200000165200.07.1 - 7.46.23Out
Call
SPXL251017C001990003199.07.5 - 7.98.01Out
Call
SPXL251017C001980004198.07.3 - 8.67.4Out
Call
SPXL251017C001970002197.07.2 - 9.07.68Out
Call
SPXL251017C0019600048196.09.0 - 9.58.6Out
Call
SPXL251017C00195000117195.09.7 - 10.08.94Out
Call
SPXL251017C001940007194.010.3 - 10.711.2Out
Call
SPXL251017C0019300031193.010.9 - 11.610.89Out
Call
SPXL251017C0019200028192.011.5 - 11.911.5In
Call
SPXL251017C001910001050191.012.1 - 12.511.65In
Call
SPXL251017C00190000178190.012.6 - 13.213.61In
Call
SPXL251017C0018900048189.013.3 - 13.813.5In
Call
SPXL251017C0018800083188.014.0 - 14.912.9In
Call
SPXL251017C0018700025187.013.9 - 15.415.2In
Call
SPXL251017C0018600075186.015.3 - 15.911.83In
Call
SPXL251017C00185000111185.016.1 - 16.514.76In
Call
SPXL251017C0018400019184.016.8 - 17.317.1In
Call
SPXL251017C0018300031183.017.6 - 18.014.3In
Call
SPXL251017C0018200026182.018.2 - 19.218.04In
Call
SPXL251017C0018100021181.018.9 - 19.517.79In
Call
SPXL251017C00180000160180.018.6 - 20.318.55In
Call
SPXL251017C0017900081179.019.8 - 21.115.8In
Call
SPXL251017C0017800011178.021.4 - 21.918.8In
Call
SPXL251017C0017700035177.022.0 - 22.821.5In
Call
SPXL251017C0017600042176.022.8 - 24.114.4In
Call
SPXL251017C00175000303175.023.8 - 24.723.6In
Call
SPXL251017C0017400031174.023.7 - 25.619.86In
Call
SPXL251017C0017300025173.025.4 - 25.926.71In
Call
SPXL251017C0017200020172.025.3 - 26.716.21In
Call
SPXL251017C0017100035171.026.1 - 28.029.71In
Call
SPXL251017C00170000218170.027.5 - 28.426.9In
Call
SPXL251017C0016900023169.027.0 - 30.928.6In
Call
SPXL251017C0016800021168.027.8 - 31.824.6In
Call
SPXL251017C0016700017167.028.7 - 32.530.64In
Call
SPXL251017C0016600034166.029.6 - 33.423.5In
Call
SPXL251017C0016500094165.030.4 - 34.432.0In
Call
SPXL251017C0016400054164.031.3 - 35.227.41In
Call
SPXL251017C0016300037163.032.2 - 36.327.3In
Call
SPXL251017C0016200016162.033.1 - 37.027.9In
Call
SPXL251017C0016100015161.034.0 - 38.034.25In
Call
SPXL251017C00160000222160.034.8 - 38.935.0In
Call
SPXL251017C001590002159.035.8 - 39.839.1In
Call
SPXL251017C00158000100158.036.6 - 40.935.8In
Call
SPXL251017C00157000102157.037.5 - 41.539.28In
Call
SPXL251017C0015600028156.038.5 - 42.640.13In
Call
SPXL251017C00155000119155.039.4 - 43.541.79In
Call
SPXL251017C0015400020154.040.3 - 44.525.83In
Call
SPXL251017C001530008153.041.2 - 45.345.15In
Call
SPXL251017C0015200028152.042.1 - 46.444.43In
Call
SPXL251017C00151000202151.043.1 - 47.037.1In
Call
SPXL251017C00150000179150.044.3 - 47.846.0In
Call
SPXL251017C001490008149.044.9 - 48.925.0In
Call
SPXL251017C0014800013148.045.9 - 49.827.4In
Call
SPXL251017C001470001147.046.8 - 50.823.85In
Call
SPXL251017C001460004146.047.7 - 51.849.0In
Call
SPXL251017C0014500039145.048.6 - 52.750.2In
Call
SPXL251017C0014400030144.049.6 - 53.642.4In
Call
SPXL251017C0014300016143.050.5 - 54.647.0In
Call
SPXL251017C0014200013142.051.5 - 55.447.5In
Call
SPXL251017C0014100011141.052.4 - 56.450.25In
Call
SPXL251017C00140000101140.053.2 - 57.454.16In
Call
SPXL251017C0013900058139.054.3 - 58.357.0In
Call
SPXL251017C00138000139138.055.2 - 59.350.5In
Call
SPXL251017C00137000106137.056.2 - 60.252.4In
Call
SPXL251017C001360006136.057.2 - 61.153.0In
Call
SPXL251017C00135000113135.058.1 - 62.159.69In
Call
SPXL251017C0013400010134.059.1 - 63.059.1In
Call
SPXL251017C0013300012133.060.0 - 64.060.0In
Call
SPXL251017C001320002132.061.0 - 64.961.0In
Call
SPXL251017C00131000223131.061.8 - 65.761.8In
Call
SPXL251017C0013000064130.062.8 - 66.760.0In
Call
SPXL251017C001290001129.063.8 - 67.763.8In
Call
SPXL251017C001280003128.064.8 - 68.766.63In
Call
SPXL251017C001270002127.065.8 - 69.764.6In
Call
SPXL251017C0012600012126.066.7 - 70.566.7In
Call
SPXL251017C00125000159125.067.7 - 71.666.7In
Call
SPXL251017C001240004124.068.7 - 72.668.7In
Call
SPXL251017C0012300030123.069.5 - 73.057.84In
Call
SPXL251017C0012200033122.070.6 - 74.570.6In
Call
SPXL251017C001210004121.071.7 - 75.371.7In
Call
SPXL251017C00120000124120.072.5 - 75.974.11In
Call
SPXL251017C001190003119.073.5 - 77.573.5In
Call
SPXL251017C001180003118.074.5 - 78.462.47In
Call
SPXL251017C001170009117.075.4 - 79.448.4In
Call
SPXL251017C001160001116.076.5 - 80.443.65In
Call
SPXL251017C0011500045115.077.4 - 81.473.3In
Call
SPXL251017C001130006113.079.3 - 83.367.48In
Call
SPXL251017C001110006111.081.3 - 85.281.3In
Call
SPXL251017C0011000042110.082.2 - 86.255.2In
Call
SPXL251017C0010800010108.084.2 - 88.284.2In
Call
SPXL251017C0010700027107.085.1 - 89.475.35In
Call
SPXL251017C0010500040105.087.1 - 91.372.95In
Call
SPXL251017C001040001104.088.1 - 92.164.35In
Call
SPXL251017C001030001103.089.1 - 93.189.1In
Call
SPXL251017C001020004102.090.1 - 94.090.1In
Call
SPXL251017C001010002101.091.1 - 95.049.5In
Call
SPXL251017C0010000053100.092.0 - 96.086.2In
Call
SPXL251017C000950004795.096.9 - 100.989.94In
Call
SPXL251017C0009000010490.0101.8 - 106.091.84In
Call
SPXL251017C000850002085.0106.8 - 110.899.51In
Call
SPXL251017C000800008980.0111.7 - 115.9107.95In
Call
SPXL251017C000750002175.0116.7 - 120.0116.7In
Call
SPXL251017C000700002670.0121.6 - 125.5118.02In
Call
SPXL251017C000650004565.0126.6 - 130.4122.65In
 Put
SPXL251017P002700009270.074.5 - 78.481.18In
 Put
SPXL251017P002650000265.069.5 - 73.469.5In
 Put
SPXL251017P002600000260.064.5 - 68.472.76In
 Put
SPXL251017P002550000255.059.5 - 63.474.91In
 Put
SPXL251017P002500000250.054.8 - 58.454.8In
 Put
SPXL251017P002450000245.049.5 - 53.449.5In
 Put
SPXL251017P002400000240.044.6 - 48.567.0In
 Put
SPXL251017P002350009235.039.6 - 43.646.4In
 Put
SPXL251017P002300001230.035.0 - 38.837.27In
 Put
SPXL251017P002250006225.030.1 - 34.132.8In
 Put
SPXL251017P0022000054220.025.7 - 29.628.0In
 Put
SPXL251017P002100003210.018.1 - 21.520.0In
 Put
SPXL251017P0020500011205.015.5 - 18.316.53In
 Put
SPXL251017P0020000051200.012.9 - 14.114.5In
 Put
SPXL251017P001990001199.012.3 - 14.115.57In
 Put
SPXL251017P001970001197.011.2 - 13.913.76In
 Put
SPXL251017P0019600011196.011.2 - 12.513.05In
 Put
SPXL251017P0019500011195.010.8 - 11.612.1In
 Put
SPXL251017P001940004194.010.1 - 10.910.82Out
 Put
SPXL251017P0019300019193.010.0 - 10.411.3Out
 Put
SPXL251017P00192000311192.09.6 - 11.310.24Out
 Put
SPXL251017P0019100030191.09.3 - 9.910.1Out
 Put
SPXL251017P00190000123190.08.9 - 10.09.2Out
 Put
SPXL251017P001890006189.08.6 - 10.89.7Out
 Put
SPXL251017P00188000217188.08.0 - 9.310.25Out
 Put
SPXL251017P0018700046187.07.9 - 9.08.6Out
 Put
SPXL251017P0018600024186.07.6 - 8.08.1Out
 Put
SPXL251017P00185000253185.07.4 - 7.77.9Out
 Put
SPXL251017P001840002184.07.1 - 7.811.74Out
 Put
SPXL251017P0018300027183.06.8 - 7.29.08Out
 Put
SPXL251017P00182000181182.06.7 - 7.07.0Out
 Put
SPXL251017P001810001181.06.4 - 6.96.9Out
 Put
SPXL251017P00180000194180.06.1 - 6.46.3Out
 Put
SPXL251017P0017800023178.05.7 - 6.06.05Out
 Put
SPXL251017P001770003177.05.2 - 6.115.8Out
 Put
SPXL251017P001760002176.05.3 - 5.65.3Out
 Put
SPXL251017P00175000121175.05.1 - 5.45.4Out
 Put
SPXL251017P001740003174.04.9 - 5.29.02Out
 Put
SPXL251017P001730009173.04.8 - 5.14.9Out
 Put
SPXL251017P0017200017172.04.4 - 4.914.0Out
 Put
SPXL251017P001710009171.04.1 - 4.78.25Out
 Put
SPXL251017P00170000173170.04.2 - 4.64.31Out
 Put
SPXL251017P0016900019169.03.3 - 4.45.1Out
 Put
SPXL251017P0016800010168.03.9 - 4.34.3Out
 Put
SPXL251017P001670002167.03.1 - 4.15.1Out
 Put
SPXL251017P0016600010166.03.1 - 4.05.0Out
 Put
SPXL251017P00165000364165.02.95 - 3.93.89Out
 Put
SPXL251017P0016400046164.03.0 - 3.83.6Out
 Put
SPXL251017P0016300012163.02.75 - 4.64.4Out
 Put
SPXL251017P001620008162.02.7 - 3.55.3Out
 Put
SPXL251017P0016100014161.03.1 - 3.55.82Out
 Put
SPXL251017P00160000249160.02.9 - 3.33.35Out
 Put
SPXL251017P001590008159.01.8 - 3.35.45Out
 Put
SPXL251017P0015800022158.02.45 - 3.43.42Out
 Put
SPXL251017P0015700065157.01.7 - 3.13.15Out
 Put
SPXL251017P0015600013156.02.2 - 3.33.7Out
 Put
SPXL251017P00155000178155.01.8 - 2.954.3Out
 Put
SPXL251017P0015400021154.01.4 - 2.954.3Out
 Put
SPXL251017P001530006153.01.25 - 3.08.37Out
 Put
SPXL251017P001520005152.01.45 - 2.911.59Out
 Put
SPXL251017P0015100040151.01.9 - 2.83.4Out
 Put
SPXL251017P00150000208150.01.9 - 2.752.32Out
 Put
SPXL251017P0014900051149.01.95 - 2.72.39Out
 Put
SPXL251017P001480003148.00.8 - 2.753.6Out
 Put
SPXL251017P001470008147.01.4 - 2.710.26Out
 Put
SPXL251017P0014600012146.00.75 - 2.6517.09Out
 Put
SPXL251017P0014500075145.01.4 - 2.43.22Out
 Put
SPXL251017P0014400025144.00.65 - 4.16.4Out
 Put
SPXL251017P001430002143.00.6 - 4.02.65Out
 Put
SPXL251017P001420003142.00.55 - 3.112.8Out
 Put
SPXL251017P00141000111141.01.2 - 2.25.0Out
 Put
SPXL251017P00140000116140.01.7 - 2.851.9Out
 Put
SPXL251017P001390003139.00.4 - 2.59.8Out
 Put
SPXL251017P001380006138.00.35 - 2.653.55Out
 Put
SPXL251017P00137000288137.01.4 - 1.71.6Out
 Put
SPXL251017P00136000292136.00.9 - 1.92.2Out
 Put
SPXL251017P00135000314135.00.9 - 2.62.16Out
 Put
SPXL251017P00134000220134.01.1 - 1.551.39Out
 Put
SPXL251017P00133000400133.00.6 - 2.250.6Out
 Put
SPXL251017P00132000501132.00.8 - 2.18.46Out
 Put
SPXL251017P00131000150131.01.15 - 1.61.15Out
 Put
SPXL251017P00130000413130.01.15 - 1.351.31Out
 Put
SPXL251017P00129000125129.00.55 - 2.050.55Out
 Put
SPXL251017P00128000154128.00.65 - 1.91.67Out
 Put
SPXL251017P0012700015127.00.3 - 2.254.2Out
 Put
SPXL251017P001260002126.00.4 - 2.20.4Out
 Put
SPXL251017P0012500095125.00.7 - 1.84.1Out
 Put
SPXL251017P001240001124.00.4 - 1.957.5Out
 Put
SPXL251017P00123000257123.00.0 - 1.96.94Out
 Put
SPXL251017P00122000406122.00.35 - 1.851.09Out
 Put
SPXL251017P0012100010121.00.35 - 1.851.75Out
 Put
SPXL251017P00120000253120.00.25 - 1.71.25Out
 Put
SPXL251017P0011900013119.00.3 - 1.753.31Out
 Put
SPXL251017P0011800013118.00.2 - 1.751.48Out
 Put
SPXL251017P001170004117.00.2 - 1.70.2Out
 Put
SPXL251017P0011500019115.00.0 - 2.951.27Out
 Put
SPXL251017P001140001114.00.0 - 2.951.1Out
 Put
SPXL251017P0011300016113.00.0 - 2.93.4Out
 Put
SPXL251017P001120001112.00.0 - 2.92.9Out
 Put
SPXL251017P001110003111.00.0 - 2.851.0Out
 Put
SPXL251017P00110000427110.00.35 - 2.00.55Out
 Put
SPXL251017P0010800019108.00.0 - 2.81.61Out
 Put
SPXL251017P0010700010107.00.0 - 2.33.05Out
 Put
SPXL251017P001060001106.00.0 - 2.32.9Out
 Put
SPXL251017P0010500084105.00.15 - 1.050.55Out
 Put
SPXL251017P0010400010104.00.1 - 0.90.1Out
 Put
SPXL251017P001030004103.00.0 - 2.70.83Out
 Put
SPXL251017P001010003101.00.0 - 2.653.7Out
 Put
SPXL251017P0010000085100.00.4 - 0.90.45Out
 Put
SPXL251017P0009500024995.00.15 - 0.850.41Out
 Put
SPXL251017P000900006490.00.0 - 1.90.3Out
 Put
SPXL251017P0008500015985.00.0 - 0.70.25Out
 Put
SPXL251017P0008000023480.00.05 - 0.450.26Out
 Put
SPXL251017P000750006975.00.0 - 0.30.37Out
 Put
SPXL251017P000700009570.00.0 - 0.950.1Out
 Put
SPXL251017P0006500024465.00.0 - 0.650.3Out
 Put
SPXL251017P000600006760.00.0 - 0.950.18Out
 Put
SPXL251017P000550009455.00.0 - 0.950.17Out
 Put
SPXL251017P000500002750.00.0 - 0.950.1Out
 Put
SPXL251017P0004500014745.00.0 - 1.150.05Out

When determining whether Direxion Daily SP500 is a strong investment it is important to analyze Direxion Daily'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 Direxion Daily's future performance. For an informed investment choice regarding Direxion Etf, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Direxion Daily SP500. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in national income and product accounts.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
The market value of Direxion Daily SP500 is measured differently than its book value, which is the value of Direxion that is recorded on the company's balance sheet. Investors also form their own opinion of Direxion Daily's value that differs from its market value or its book value, called intrinsic value, which is Direxion Daily'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 Direxion Daily's market value can be influenced by many factors that don't directly affect Direxion Daily'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 Direxion Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Daily'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.