MIDU251017P00061000 Option on Direxion Daily Mid

MIDU Etf  USD 49.70  1.08  2.22%   
MIDU251017P00061000 is a PUT option contract on Direxion Daily's common stock with a strick price of 61.0 expiring on 2025-10-17. The contract was not traded in recent days and, as of today, has 86 days remaining before the expiration. The option is currently trading at a bid price of $12.1, and an ask price of $14.8. The implied volatility as of the 23rd of July is 86.0.
When exercised, put options on Direxion Daily produce a short position in Direxion Etf. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Direxion Daily's downside price movement.

Rule 16 of 2025-10-17 Option Contract

The options market is anticipating that Direxion Daily Mid will have an average daily up or down price movement of about 0.0328% per day over the life of the option. With Direxion Daily trading at USD 49.7, that is roughly USD 0.0163. If you think that the market is fully understating Direxion Daily's daily price movement you should consider buying Direxion Daily Mid options at that current volatility level of 0.53%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

In The Money Put Option on Direxion Daily

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 Direxion Daily 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 Direxion Etf have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
Put Contract NameMIDU251017P00061000
Expires On2025-10-17
Days Before Expriration86
Vega0.070001
Gamma0.024703
Theoretical Value13.45
Open Interest1
Strike Price61.0
Current Price Spread12.1 | 14.8
Rule 16 Daily Up or DownUSD 0.0163

Direxion short PUT Option Greeks

Direxion Daily's Option Greeks for the contract ending on 2025-10-17 at a strike price of 61.0 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 Direxion Daily's option greeks, its implied volatility helps estimate the risk of Direxion Daily stock implied by the prices of the options on Direxion Daily's stock.
Delta-0.777281
Gamma0.024703
Theta-0.017378
Vega0.070001
Rho-0.07528

Direxion long PUT Option Payoff at expiration

Put options written on Direxion Daily grant holders of the option the right to sell a specified amount of Direxion Daily 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 Direxion Etf cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Direxion Daily is like buying insurance aginst Direxion Daily's downside shift.
   Profit   
       Direxion Daily Price At Expiration  

Direxion short PUT Option Payoff at expiration

By selling Direxion Daily's put option, the investors signal their bearish sentiment. A short position in a put option written on Direxion Daily will generally make money when the underlying price is above the strike price. Therefore Direxion Daily's put payoff at expiration depends on where the Direxion Etf price is relative to the put option strike price. The breakeven price of 47.55 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 Direxion Daily's price. Finally, at the strike price of 61.0, the payoff chart is constant and positive.
   Profit   
       Direxion Daily Price At Expiration  
View All Direxion Daily Options

Direxion Daily Mid Available Put Options

Direxion Daily's option chain is a display of a range of information that helps investors for ways to trade options on Direxion. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Direxion. It also shows strike prices and maturity days for a Direxion Daily 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
 Put
MIDU251017P00075000075.025.0 - 27.825.0In
 Put
MIDU251017P00070000070.021.0 - 23.121.0In
 Put
MIDU251017P00067000067.018.2 - 20.218.2In
 Put
MIDU251017P00066000066.017.2 - 19.217.2In
 Put
MIDU251017P00065000065.015.6 - 18.415.6In
 Put
MIDU251017P00064000064.014.6 - 17.314.6In
 Put
MIDU251017P00063000063.013.6 - 16.413.6In
 Put
MIDU251017P00062000062.013.1 - 15.613.1In
 Put
MIDU251017P00061000161.012.1 - 14.812.1In
 Put
MIDU251017P00060000160.011.6 - 14.011.6In
 Put
MIDU251017P00059000159.011.1 - 13.211.1In
 Put
MIDU251017P00058000158.010.1 - 12.210.1In
 Put
MIDU251017P00057000157.09.7 - 10.49.7In
 Put
MIDU251017P00045000345.03.0 - 3.55.0Out
 Put
MIDU251017P00042000142.02.1 - 3.75.0Out
 Put
MIDU251017P00041000241.01.9 - 3.54.6Out
 Put
MIDU251017P000400002140.01.6 - 2.24.75Out
 Put
MIDU251017P00039000139.01.45 - 2.04.35Out
 Put
MIDU251017P000300001030.00.0 - 0.80.6Out
 Put
MIDU251017P00024000124.00.0 - 1.51.5Out
When determining whether Direxion Daily Mid is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Direxion Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Direxion Daily Mid Etf. Highlighted below are key reports to facilitate an investment decision about Direxion Daily Mid Etf:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Direxion Daily Mid. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
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The market value of Direxion Daily Mid is measured differently than its book value, which is the value of Direxion that is recorded on the company's balance sheet. Investors also form their own opinion of Direxion Daily's value that differs from its market value or its book value, called intrinsic value, which is Direxion Daily'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 Direxion Daily's market value can be influenced by many factors that don't directly affect Direxion Daily'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 Direxion Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Daily'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.