Technology Select Stock Options
| XLK Etf | USD 233.73 2.15 0.93% |
Technology Select's latest option contracts expiring on 2024-12-06 are carrying combined implied volatility of 0.49 with a put-to-call open interest ratio of 0.38 over 49 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2024-12-06. The total put volume is at 4.7 K, with calls trading at the volume of 4.7 K. This yields a 7.8 put-to-call volume ratio.
Open Interest Against 2024-12-06 Option Contracts
2024-12-06
The chart above shows Technology Select'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. Technology Select's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Technology Select's option, there is no secondary market available for investors to trade.
Technology Select Maximum Pain Price across 2024-12-06 Option Contracts
Technology Select'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.
Technology Select's option chain provides insight into all available option contracts written on Technology Select's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Technology Select's stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given Technology option contract.
In The Money vs. Out of Money Option Contracts on Technology Select
Analyzing Technology Select's in-the-money options over time can help investors to take a profitable long position in Technology Select regardless of its overall volatility. This is especially true when Technology Select's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Technology Select's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Technology Select's stock while costing only a fraction of its price.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Technology Select Sector. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Technology Select Sector In The Money Call Balance
When Technology Select's strike price is surpassing the current stock price, the option contract against Technology Select Sector stock is said to be in the money. When it comes to buying Technology Select'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 Technology Select Sector 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.
Technology Current Options Market Mood
Technology Select'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 Technology 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
Unfortunately, most Technology Select's options investors are not very successful. Technology Select'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 Technology contract
Base on the Rule 16, the options market is currently suggesting that Technology Select Sector will have an average daily up or down price movement of about 0.0306% per day over the life of the 2024-12-06 option contract. With Technology Select trading at USD 233.73, that is roughly USD 0.0716. If you think that the market is fully incorporating Technology Select's daily price movement you should consider buying Technology Select Sector options at the current volatility level of 0.49%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Technology |
Purchasing Technology Select 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" Technology calls. Remember, the seller must deliver Technology Select Sector stock to the call owner when a call is exercised.
Technology Select Option Chain
When Technology Select's strike price is surpassing the current stock price, the option contract against Technology Select Sector 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.
2024-12-062024-12-132024-12-202024-12-272025-01-032025-01-172025-02-212025-03-212025-04-172025-06-202025-09-192025-10-172026-01-162026-06-182026-12-182027-01-15
Technology Select's option chain is a display of a range of information that helps investors for ways to trade options on Technology. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Technology. It also shows strike prices and maturity days for a Technology Select 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 | Expiration | Current Spread | Last Price | |||
Call | XLK Option Call 06-12-2024 190 | 1 | 2024-12-06 | 43.4 - 44.75 | 47.8 | In |
Call | XLK Option Call 06-12-2024 202 | 0 | 2024-12-06 | 29.5 - 33.75 | 31.52 | In |
Call | XLK Option Call 06-12-2024 207 | 0 | 2024-12-06 | 24.35 - 27.4 | 26.25 | In |
Call | XLK Option Call 06-12-2024 210 | 0 | 2024-12-06 | 22.9 - 26.7 | 23.57 | In |
Call | XLK Option Call 06-12-2024 212 | 3 | 2024-12-06 | 19.35 - 24.1 | 21.82 | In |
Call | XLK Option Call 06-12-2024 215 | 0 | 2024-12-06 | 16.85 - 21.3 | 18.03 | In |
Call | XLK Option Call 06-12-2024 217 | 139 | 2024-12-06 | 16.6 - 17.1 | 16.85 | In |
Call | XLK Option Call 06-12-2024 220 | 0 | 2024-12-06 | 13.8 - 14.55 | 13.1 | In |
Call | XLK Option Call 06-12-2024 222 | 0 | 2024-12-06 | 11.35 - 12.05 | 11.6 | In |
Call | XLK Option Call 06-12-2024 225 | 72 | 2024-12-06 | 8.95 - 9.7 | 9.15 | In |
Call | XLK Option Call 06-12-2024 227 | 0 | 2024-12-06 | 4.5 - 8.5 | 5.05 | In |
Call | XLK Option Call 06-12-2024 230 | 56 | 2024-12-06 | 4.05 - 4.8 | 5.0 | In |
Call | XLK Option Call 06-12-2024 232 | 95 | 2024-12-06 | 1.41 - 5.75 | 2.85 | In |
Call | XLK Option Call 06-12-2024 235 | 297 | 2024-12-06 | 0.83 - 1.7 | 1.05 | Out |
Call | XLK Option Call 06-12-2024 237 | 121 | 2024-12-06 | 0.1 - 0.7 | 0.53 | Out |
Call | XLK Option Call 06-12-2024 240 | 123 | 2024-12-06 | 0.0 - 0.26 | 0.26 | Out |
Call | XLK Option Call 06-12-2024 242 | 46 | 2024-12-06 | 0.02 - 0.19 | 0.16 | Out |
Call | XLK Option Call 06-12-2024 245 | 0 | 2024-12-06 | 0.0 - 2.41 | 0.18 | |
Call | XLK Option Call 06-12-2024 247 | 0 | 2024-12-06 | 0.0 - 0.34 | 0.25 | |
Call | XLK Option Call 06-12-2024 250 | 0 | 2024-12-06 | 0.0 - 1.95 | 0.04 | |
Call | XLK Option Call 06-12-2024 252 | 1 | 2024-12-06 | 0.0 - 2.37 | 0.02 | Out |
Call | XLK Option Call 06-12-2024 255 | 0 | 2024-12-06 | 0.0 - 2.38 | 0.18 | |
Call | XLK Option Call 06-12-2024 260 | 0 | 2024-12-06 | 0.0 - 0.32 | 0.26 | |
Call | XLK Option Call 06-12-2024 265 | 1 | 2024-12-06 | 0.0 - 1.86 | 0.23 | Out |
Call | XLK Option Call 06-12-2024 280 | 2 | 2024-12-06 | 0.0 - 1.92 | 0.13 | Out |
Put | XLK Option Put 06-12-2024 190 | 0 | 2024-12-06 | 0.0 - 1.8 | 0.68 | |
Put | XLK Option Put 06-12-2024 195 | 0 | 2024-12-06 | 0.0 - 2.13 | 0.75 | |
Put | XLK Option Put 06-12-2024 200 | 0 | 2024-12-06 | 0.0 - 0.67 | 0.11 | |
Put | XLK Option Put 06-12-2024 202 | 8 | 2024-12-06 | 0.0 - 0.05 | 0.19 | Out |
Put | XLK Option Put 06-12-2024 205 | 7 | 2024-12-06 | 0.0 - 0.72 | 0.35 | Out |
Put | XLK Option Put 06-12-2024 207 | 0 | 2024-12-06 | 0.0 - 0.75 | 0.36 | |
Put | XLK Option Put 06-12-2024 210 | 23 | 2024-12-06 | 0.0 - 0.46 | 0.1 | Out |
Put | XLK Option Put 06-12-2024 212 | 12 | 2024-12-06 | 0.01 - 0.75 | 0.4 | Out |
Put | XLK Option Put 06-12-2024 215 | 0 | 2024-12-06 | 0.01 - 0.24 | 0.03 | |
Put | XLK Option Put 06-12-2024 217 | 0 | 2024-12-06 | 0.02 - 0.29 | 0.05 | |
Put | XLK Option Put 06-12-2024 220 | 80 | 2024-12-06 | 0.0 - 0.28 | 0.07 | Out |
Put | XLK Option Put 06-12-2024 222 | 0 | 2024-12-06 | 0.01 - 0.18 | 0.15 | |
Put | XLK Option Put 06-12-2024 225 | 0 | 2024-12-06 | 0.15 - 0.34 | 0.16 | |
Put | XLK Option Put 06-12-2024 227 | 106 | 2024-12-06 | 0.29 - 0.39 | 0.33 | Out |
Put | XLK Option Put 06-12-2024 230 | 98 | 2024-12-06 | 0.26 - 0.93 | 0.7 | Out |
Put | XLK Option Put 06-12-2024 232 | 0 | 2024-12-06 | 0.59 - 1.8 | 1.38 | |
Put | XLK Option Put 06-12-2024 235 | 0 | 2024-12-06 | 2.23 - 3.15 | 2.36 | In |
Put | XLK Option Put 06-12-2024 237 | 25 | 2024-12-06 | 3.05 - 4.9 | 4.1 | In |
Put | XLK Option Put 06-12-2024 240 | 4 | 2024-12-06 | 4.0 - 8.2 | 6.04 | In |
Put | XLK Option Put 06-12-2024 242 | 0 | 2024-12-06 | 6.7 - 11.3 | 7.15 | In |
Put | XLK Option Put 06-12-2024 247 | 0 | 2024-12-06 | 11.15 - 14.9 | 13.7 | In |
Put | XLK Option Put 06-12-2024 252 | 0 | 2024-12-06 | 16.6 - 21.05 | 17.9 | In |
Put | XLK Option Put 06-12-2024 255 | 0 | 2024-12-06 | 18.65 - 23.5 | 20.5 | In |
Put | XLK Option Put 06-12-2024 257 | 0 | 2024-12-06 | 21.7 - 26.1 | 24.7 | In |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Technology Select Sector. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of Technology Select Sector is measured differently than its book value, which is the value of Technology that is recorded on the company's balance sheet. Investors also form their own opinion of Technology Select's value that differs from its market value or its book value, called intrinsic value, which is Technology Select'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 Technology Select's market value can be influenced by many factors that don't directly affect Technology Select'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 Technology Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Technology Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Technology Select'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.