null Option on ProShares Ultra Consumer
| UGE Etf | USD 21.86 0.23 1.06% |
ProShares Ultra's latest option contracts expiring on May 15th 2026 are carrying combined implied volatility of 0.46 with a put-to-call open interest ratio of 16.79 over 25 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on May 15th 2026.
Open Interest Against May 15th 2026 Option Contracts
2026-05-15
The chart above shows ProShares Ultra'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. ProShares Ultra's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for ProShares Ultra's option, there is no secondary market available for investors to trade.
In The Money vs. Out of Money Option Contracts on ProShares Ultra
Analyzing ProShares Ultra's in-the-money options over time can help investors to take a profitable long position in ProShares Ultra regardless of its overall volatility. This is especially true when ProShares Ultra's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money ProShares Ultra's options could be used as guardians of the underlying stock as they move almost dollar for dollar with ProShares Ultra's stock while costing only a fraction of its price.
ProShares Ultra's stock options are financial instruments that give investors the right to buy or sell shares of ProShares Ultra Consumer common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell ProShares stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If ProShares Ultra's stock price goes up or down, the stock options follow.
ProShares Ultra Consumer In The Money Call Balance
When ProShares Ultra's strike price is surpassing the current stock price, the option contract against ProShares Ultra Consumer stock is said to be in the money. When it comes to buying ProShares Ultra'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 ProShares Ultra Consumer 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.
ProShares Current Options Market Mood
ProShares Ultra'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 ProShares 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 ProShares Ultra'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. ProShares Ultra'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 ProShares contract
Base on the Rule 16, the options market is currently suggesting that ProShares Ultra Consumer will have an average daily up or down price movement of about 0.0288% per day over the life of the 2026-05-15 option contract. With ProShares Ultra trading at USD 21.86, that is roughly USD 0.006285. If you think that the market is fully incorporating ProShares Ultra's daily price movement you should consider buying ProShares Ultra Consumer options at the current volatility level of 0.46%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
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Purchasing ProShares Ultra 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" ProShares calls. Remember, the seller must deliver ProShares Ultra Consumer stock to the call owner when a call is exercised.
ProShares Ultra Option Chain
When ProShares Ultra's strike price is surpassing the current stock price, the option contract against ProShares Ultra Consumer 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.
ProShares Ultra's option chain is a display of a range of information that helps investors for ways to trade options on ProShares. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for ProShares. It also shows strike prices and maturity days for a ProShares Ultra 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 | UGE260515C00028000 | 0 | 28.0 | 0.0 - 1.25 | 1.25 | |
Call | UGE260515C00027000 | 0 | 27.0 | 0.0 - 1.3 | 1.3 | |
Call | UGE260515C00026000 | 0 | 26.0 | 0.0 - 1.4 | 1.4 | |
Call | UGE260515C00025000 | 0 | 25.0 | 0.0 - 1.5 | 1.5 | |
Call | UGE260515C00024000 | 0 | 24.0 | 0.0 - 1.65 | 1.65 | |
Call | UGE260515C00023000 | 1 | 23.0 | 0.0 - 1.9 | 1.25 | Out |
Call | UGE260515C00022000 | 0 | 22.0 | 0.0 - 2.0 | 2.0 | |
Call | UGE260515C00021000 | 0 | 21.0 | 0.5 - 2.75 | 0.5 | In |
Call | UGE260515C00020000 | 0 | 20.0 | 1.1 - 3.0 | 1.1 | In |
Call | UGE260515C00019000 | 2 | 19.0 | 1.85 - 4.0 | 3.0 | In |
Call | UGE260515C00018000 | 40 | 18.0 | 2.7 - 4.8 | 3.4 | In |
Call | UGE260515C00016000 | 3 | 16.0 | 4.4 - 6.8 | 3.4 | In |
Call | UGE260515C00015000 | 1 | 15.0 | 5.4 - 7.7 | 2.95 | In |
Call | UGE260515C00014000 | 1 | 14.0 | 6.4 - 8.8 | 3.2 | In |
Put | UGE260515P00028000 | 0 | 28.0 | 5.3 - 7.8 | 5.3 | In |
Put | UGE260515P00027000 | 0 | 27.0 | 4.4 - 6.8 | 4.4 | In |
Put | UGE260515P00026000 | 0 | 26.0 | 3.1 - 5.9 | 3.1 | In |
Put | UGE260515P00025000 | 536 | 25.0 | 3.0 - 4.9 | 3.5 | In |
Put | UGE260515P00024000 | 0 | 24.0 | 2.0 - 4.1 | 2.0 | In |
Put | UGE260515P00023000 | 0 | 23.0 | 1.0 - 3.5 | 1.0 | In |
Put | UGE260515P00022000 | 0 | 22.0 | 1.0 - 2.7 | 1.0 | In |
Put | UGE260515P00021000 | 0 | 21.0 | 0.0 - 2.25 | 2.25 | |
Put | UGE260515P00020000 | 0 | 20.0 | 0.0 - 2.0 | 2.0 | |
Put | UGE260515P00019000 | 30 | 19.0 | 0.0 - 1.7 | 0.75 | Out |
Put | UGE260515P00018000 | 240 | 18.0 | 0.0 - 1.6 | 0.4 | Out |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Consumer. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Investors evaluate ProShares Ultra Consumer using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating ProShares Ultra's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause ProShares Ultra's market price to deviate significantly from intrinsic value.
Please note, there is a significant difference between ProShares Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, ProShares Ultra's market price signifies the transaction level at which participants voluntarily complete trades.