XHB250321P00123000 Option on SPDR SP Homebuilders

XHB Etf  USD 101.11  2.86  2.75%   
SPDR SP's latest option contracts expiring on April 17th 2025 are carrying combined implied volatility of 0.31 with a put-to-call open interest ratio of 40.82 over 31 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on April 17th 2025. The total put volume is at 96.0, with calls trading at the volume of 23.0. This yields a 4.17 put-to-call volume ratio.

Open Interest Against April 17th 2025 Option Contracts

109Calls Open InterestPuts Open Interest100%
The chart above shows SPDR SP'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. SPDR SP's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for SPDR SP's option, there is no secondary market available for investors to trade.

In The Money vs. Out of Money Option Contracts on SPDR SP

Analyzing SPDR SP's in-the-money options over time can help investors to take a profitable long position in SPDR SP regardless of its overall volatility. This is especially true when SPDR SP's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money SPDR SP's options could be used as guardians of the underlying stock as they move almost dollar for dollar with SPDR SP's stock while costing only a fraction of its price.
In The Money Calls:Out Of Money Calls:In The Money Puts:Out Of Money Puts:100%
SPDR SP's stock options are financial instruments that give investors the right to buy or sell shares of SPDR SP Homebuilders common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell SPDR stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If SPDR SP's stock price goes up or down, the stock options follow.

SPDR Current Options Market Mood

SPDR SP'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 SPDR 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.
97.6%

Put-to-Call Open Interest

Put-to-Call Volume

It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Using current SPDR SP's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.

Rule 16 of the current SPDR contract

Base on the Rule 16, the options market is currently suggesting that SPDR SP Homebuilders will have an average daily up or down price movement of about 0.0194% per day over the life of the 2025-04-17 option contract. With SPDR SP trading at USD 101.11, that is roughly USD 0.0196. If you think that the market is fully incorporating SPDR SP's daily price movement you should consider buying SPDR SP Homebuilders options at the current volatility level of 0.31%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
Purchasing SPDR SP 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" SPDR calls. Remember, the seller must deliver SPDR SP Homebuilders stock to the call owner when a call is exercised.

SPDR SP Option Chain

When SPDR SP's strike price is surpassing the current stock price, the option contract against SPDR SP Homebuilders 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.
SPDR SP'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 SP 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
XHB250417C001090004109.00.0 - 4.051.38Out
Call
XHB250417C001100003110.00.0 - 4.81.16Out
Call
XHB250417C001110001111.00.0 - 4.80.94Out
Call
XHB250417C001120001112.00.0 - 4.80.82Out
Call
XHB250417C001130000113.00.0 - 4.84.8Out
Call
XHB250417C001140002114.00.0 - 2.580.93Out
Call
XHB250417C001150000115.00.0 - 4.84.8Out
Call
XHB250417C001160000116.00.01 - 4.950.39Out
Call
XHB250417C001170000117.00.0 - 4.84.8Out
Call
XHB250417C001180000118.00.0 - 2.282.28Out
Call
XHB250417C001190000119.00.0 - 2.232.23Out
Call
XHB250417C001200000120.00.0 - 3.93.9Out
 Put
XHB250417P00090000690.00.05 - 4.950.95Out
 Put
XHB250417P00094000294.00.86 - 4.951.35Out
 Put
XHB250417P000960001596.00.25 - 4.952.18Out
 Put
XHB250417P00097000197.00.3 - 4.952.12Out
 Put
XHB250417P00100000400100.02.0 - 6.03.5Out
 Put
XHB250417P001030003103.02.45 - 7.24.93In
 Put
XHB250417P001040004104.03.35 - 7.83.95In
 Put
XHB250417P001050002105.03.7 - 8.44.45In
 Put
XHB250417P001100006110.07.55 - 11.957.93In
 Put
XHB250417P001110004111.08.4 - 13.1510.75In
 Put
XHB250417P001120006112.09.0 - 13.511.16In
 Put
XHB250417P001130000113.09.85 - 14.259.85In
 Put
XHB250417P001140000114.011.0 - 15.2511.0In
 Put
XHB250417P001150000115.012.0 - 16.712.0In
 Put
XHB250417P001160000116.013.0 - 17.1513.0In
 Put
XHB250417P001170000117.014.0 - 18.114.0In
 Put
XHB250417P001180000118.015.0 - 18.915.0In
 Put
XHB250417P001190000119.015.5 - 20.0515.5In
 Put
XHB250417P001200000120.016.25 - 20.7516.25In

When determining whether SPDR SP Homebuilders offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SPDR SP's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Spdr Sp Homebuilders Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Spdr Sp Homebuilders Etf:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in SPDR SP Homebuilders. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.
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The market value of SPDR SP Homebuilders 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 SP's value that differs from its market value or its book value, called intrinsic value, which is SPDR SP'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 SP's market value can be influenced by many factors that don't directly affect SPDR SP'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 SP's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR SP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR SP'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.
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