RAYS250417C00010000 Option on Global X Solar
RAYS Etf | USD 8.82 0.16 1.78% |
RAYS250417C00010000 is a PUT option contract on Global X's common stock with a strick price of 10.0 expiring on 2025-04-17. The contract was not traded in recent days and, as of today, has 85 days remaining before the expiration. The option is currently trading at an ask price of $3.7. The implied volatility as of the 22nd of January is 85.0.
Global |
When exercised, put options on Global X produce a short position in Global Etf. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Global X's downside price movement.
Rule 16 of 2025-04-17 Option Contract
The options market is anticipating that Global X Solar will have an average daily up or down price movement of about 0.0273% per day over the life of the option. With Global X trading at USD 8.82, that is roughly USD 0.002405. If you think that the market is fully understating Global X's daily price movement you should consider buying Global X Solar options at that current volatility level of 0.44%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Call Option on Global X
An 'In The Money' option is one with a strike price that the current stock price has already surpassed. Some options investors can hedge their Global X positions using in-the-money options. They may also want to buy options with some intrinsic value, not just time value. However, because in-the-money options on Global Etf have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
Call Contract Name | RAYS250417C00010000 |
Expires On | 2025-04-17 |
Days Before Expriration | 85 |
Delta | 0.696703 |
Vega | 0.025707 |
Gamma | 0.108885 |
Theoretical Value | 1.85 |
Open Interest | 10 |
Strike Price | 10.0 |
Last Traded At | 1.75 |
Current Price Spread | 0.0 | 3.7 |
Rule 16 Daily Up or Down | USD 0.002405 |
Global short PUT Option Greeks
Global X's Option Greeks for the contract ending on 2025-04-17 at a strike price of 10.0 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 Global X's option greeks, its implied volatility helps estimate the risk of Global X stock implied by the prices of the options on Global X's stock.
Delta | 0.696703 | |
Gamma | 0.108885 | |
Theta | -0.004109 | |
Vega | 0.025707 | |
Rho | 0.026156 |
Global long PUT Option Payoff at expiration
Put options written on Global X grant holders of the option the right to sell a specified amount of Global X 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 Global Etf cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Global X is like buying insurance aginst Global X's downside shift.
Profit |
Global X Price At Expiration |
Global short PUT Option Payoff at expiration
By selling Global X's put option, the investors signal their bearish sentiment. A short position in a put option written on Global X will generally make money when the underlying price is above the strike price. Therefore Global X's put payoff at expiration depends on where the Global Etf price is relative to the put option strike price. The breakeven price of 11.85 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 Global X's price. Finally, at the strike price of 10.0, the payoff chart is constant and positive.
Profit |
Global X Price At Expiration |
Global X Solar Available Call Options
Global X's option chain is a display of a range of information that helps investors for ways to trade options on Global. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Global. It also shows strike prices and maturity days for a Global X 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 | RAYS250417C00006000 | 0 | 6.0 | 2.95 - 7.1 | 2.95 | In |
Call | RAYS250417C00007000 | 0 | 7.0 | 1.95 - 6.1 | 1.95 | In |
Call | RAYS250417C00008000 | 0 | 8.0 | 1.05 - 5.3 | 1.05 | In |
Call | RAYS250417C00009000 | 0 | 9.0 | 0.35 - 4.4 | 0.35 | In |
Call | RAYS250417C00010000 | 10 | 10.0 | 0.0 - 3.7 | 1.75 | In |
Call | RAYS250417C00011000 | 0 | 11.0 | 0.0 - 3.0 | 3.0 | In |
Call | RAYS250417C00012000 | 0 | 12.0 | 0.0 - 2.7 | 2.7 | |
Call | RAYS250417C00013000 | 0 | 13.0 | 0.0 - 2.35 | 2.35 | |
Call | RAYS250417C00014000 | 0 | 14.0 | 0.0 - 2.15 | 2.15 | |
Call | RAYS250417C00015000 | 0 | 15.0 | 0.0 - 2.05 | 2.05 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Global X Solar. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
The market value of Global X Solar is measured differently than its book value, which is the value of Global that is recorded on the company's balance sheet. Investors also form their own opinion of Global X's value that differs from its market value or its book value, called intrinsic value, which is Global X'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 Global X's market value can be influenced by many factors that don't directly affect Global X'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 Global X's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global X is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global X'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.