ProShares Ultra Stock Options

YCL Etf  USD 21.80  0.25  1.13%   
ProShares Ultra's latest option contracts expiring on April 17th 2025 are carrying combined implied volatility of 0.29 with a put-to-call open interest ratio of 0.14 over 14 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on April 17th 2025.

Open Interest Against April 17th 2025 Option Contracts

2522Calls Open InterestPuts Open Interest100%
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.
In The Money Calls:Out Of Money Calls:In The Money Puts:Out Of Money Puts:100%

ProShares Ultra Yen In The Money Call Balance

When ProShares Ultra's strike price is surpassing the current stock price, the option contract against ProShares Ultra Yen 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.
In The Money57.14%100%
While 'out-of-the-money' option contracts written on ProShares Ultra Yen 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.
12.0%

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 Yen will have an average daily up or down price movement of about 0.0181% per day over the life of the 2025-04-17 option contract. With ProShares Ultra trading at USD 21.8, that is roughly USD 0.003951. If you think that the market is fully incorporating ProShares Ultra's daily price movement you should consider buying ProShares Ultra Yen options at the current volatility level of 0.29%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
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 Yen 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 Yen 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 IntStrike PriceCurrent SpreadLast Price
Call
YCL250417C00019000019.02.6 - 3.72.6In
Call
YCL250417C00020000020.01.6 - 2.851.6In
Call
YCL250417C00021000021.00.95 - 1.80.95In
Call
YCL250417C000220001022.00.35 - 1.150.7In
Call
YCL250417C00023000023.00.15 - 0.650.4Out
Call
YCL250417C00024000224.00.1 - 0.50.29Out
Call
YCL250417C000250001025.00.0 - 0.250.15Out
 Put
YCL250417P00019000019.00.0 - 0.10.1Out
 Put
YCL250417P00020000020.00.0 - 0.20.2Out
 Put
YCL250417P00021000021.00.0 - 0.50.5Out
 Put
YCL250417P00022000322.00.2 - 1.00.55Out
 Put
YCL250417P00023000023.00.8 - 1.750.8In
 Put
YCL250417P00024000024.01.6 - 2.651.6In
 Put
YCL250417P00025000025.02.4 - 3.52.4In

When determining whether ProShares Ultra Yen is a strong investment it is important to analyze ProShares Ultra'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 ProShares Ultra's future performance. For an informed investment choice regarding ProShares 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 ProShares Ultra Yen. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
The market value of ProShares Ultra Yen is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares Ultra's value that differs from its market value or its book value, called intrinsic value, which is ProShares Ultra'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 ProShares Ultra's market value can be influenced by many factors that don't directly affect ProShares Ultra'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 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. However, ProShares Ultra'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.