XHE250221C00093000 Option on SPDR SP Health

XHE Etf  USD 95.67  1.09  1.15%   
XHE250221C00093000 is a PUT option contract on SPDR SP's common stock with a strick price of 93.0 expiring on 2025-02-21. The contract was not traded in recent days and, as of today, has 20 days remaining before the expiration. The option is currently trading at a bid price of $1.1, and an ask price of $5.9. The implied volatility as of the 1st of February is 20.0.
  
When exercised, put options on SPDR SP 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 SP's downside price movement.

Rule 16 of 2025-02-21 Option Contract

The options market is anticipating that SPDR SP Health will have an average daily up or down price movement of about 0.0136% per day over the life of the option. With SPDR SP trading at USD 95.67, that is roughly USD 0.013. If you think that the market is fully understating SPDR SP's daily price movement you should consider buying SPDR SP Health 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.

In The Money Call Option on SPDR SP

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 SPDR SP 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 SPDR 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 NameXHE250221C00093000
Expires On2025-02-21
Days Before Expriration20
Delta0.693669
Vega0.083867
Gamma0.067635
Theoretical Value3.5
Open Interest1
Strike Price93.0
Last Traded At2.1
Current Price Spread1.1 | 5.9
Rule 16 Daily Up or DownUSD 0.013

SPDR short PUT Option Greeks

SPDR SP's Option Greeks for the contract ending on 2025-02-21 at a strike price of 93.0 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 SP's option greeks, its implied volatility helps estimate the risk of SPDR SP stock implied by the prices of the options on SPDR SP's stock.
Delta0.693669
Gamma0.067635
Theta-0.047012
Vega0.083867
Rho0.039408

SPDR long PUT Option Payoff at expiration

Put options written on SPDR SP grant holders of the option the right to sell a specified amount of SPDR SP 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 SP is like buying insurance aginst SPDR SP's downside shift.
   Profit   
       SPDR SP Price At Expiration  

SPDR short PUT Option Payoff at expiration

By selling SPDR SP's put option, the investors signal their bearish sentiment. A short position in a put option written on SPDR SP will generally make money when the underlying price is above the strike price. Therefore SPDR SP's put payoff at expiration depends on where the SPDR Etf price is relative to the put option strike price. The breakeven price of 96.5 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 SP's price. Finally, at the strike price of 93.0, the payoff chart is constant and positive.
   Profit   
       SPDR SP Price At Expiration  
View All SPDR SP Options

SPDR SP Health Available Call Options

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
XHE250321C00090000090.04.1 - 9.04.1In
Call
XHE250321C00091000091.03.3 - 8.23.3In
Call
XHE250321C00092000092.02.6 - 7.42.6In
Call
XHE250321C00093000093.01.8 - 6.61.8In
Call
XHE250321C00094000094.01.2 - 6.01.2In
Call
XHE250321C00095000095.00.9 - 5.40.9Out
Call
XHE250321C00096000096.00.2 - 5.10.2Out
Call
XHE250321C00097000097.00.0 - 4.84.8Out
Call
XHE250321C00098000098.00.0 - 4.84.8Out
Call
XHE250321C00099000099.00.0 - 4.84.8Out
When determining whether SPDR SP Health is a strong investment it is important to analyze SPDR SP'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 SPDR SP's future performance. For an informed investment choice regarding SPDR Etf, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in SPDR SP Health. 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 Health 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.