SPRX250919C00026000 Option on Spear Alpha ETF

SPRX Etf  USD 30.81  0.80  2.53%   
SPRX250919C00026000 is a PUT option contract on Spear Alpha's common stock with a strick price of 26.0 expiring on 2025-09-19. The contract was not traded in recent days and, as of today, has 58 days remaining before the expiration. The option is currently trading at a bid price of $5.3, and an ask price of $7.2. The implied volatility as of the 23rd of July is 58.0.
A put option written on Spear Alpha becomes more valuable as the price of Spear Alpha drops. Conversely, Spear Alpha's put option loses its value as Spear Etf rises.

Rule 16 of 2025-09-19 Option Contract

The options market is anticipating that Spear Alpha ETF will have an average daily up or down price movement of about 0.0306% per day over the life of the option. With Spear Alpha trading at USD 30.81, that is roughly USD 0.009439. If you think that the market is fully understating Spear Alpha's daily price movement you should consider buying Spear Alpha ETF options at that current volatility level of 0.49%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

In The Money Call Option on Spear Alpha

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 Spear Alpha 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 Spear 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 NameSPRX250919C00026000
Expires On2025-09-19
Days Before Expriration58
Delta0.86832
Vega0.027354
Gamma0.033972
Theoretical Value6.25
Open Interest17
Strike Price26.0
Current Price Spread5.3 | 7.2
Rule 16 Daily Up or DownUSD 0.009439

Spear short PUT Option Greeks

Spear Alpha's Option Greeks for the contract ending on 2025-09-19 at a strike price of 26.0 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 Spear Alpha's option greeks, its implied volatility helps estimate the risk of Spear Alpha stock implied by the prices of the options on Spear Alpha's stock.
Delta0.86832
Gamma0.033972
Theta-0.013701
Vega0.027354
Rho0.034846

Spear long PUT Option Payoff at expiration

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

Spear short PUT Option Payoff at expiration

By selling Spear Alpha's put option, the investors signal their bearish sentiment. A short position in a put option written on Spear Alpha will generally make money when the underlying price is above the strike price. Therefore Spear Alpha's put payoff at expiration depends on where the Spear Etf price is relative to the put option strike price. The breakeven price of 32.25 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 Spear Alpha's price. Finally, at the strike price of 26.0, the payoff chart is constant and positive.
   Profit   
       Spear Alpha Price At Expiration  
View All Spear Alpha Options

Spear Alpha ETF Available Call Options

Spear Alpha's option chain is a display of a range of information that helps investors for ways to trade options on Spear. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Spear. It also shows strike prices and maturity days for a Spear Alpha 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
SPRX250919C00034000034.00.4 - 2.00.4Out
Call
SPRX250919C00033000133.00.75 - 2.350.45Out
Call
SPRX250919C00032000032.01.2 - 2.81.2Out
Call
SPRX250919C00031000031.01.65 - 3.31.65Out
Call
SPRX250919C00030000130.02.2 - 4.12.2In
Call
SPRX250919C00029000029.02.9 - 4.82.9In
Call
SPRX250919C00028000028.03.5 - 5.63.5In
Call
SPRX250919C00027000027.04.3 - 6.44.3In
Call
SPRX250919C000260001726.05.3 - 7.25.3In
Call
SPRX250919C00025000125.06.2 - 8.16.2In
Call
SPRX250919C00023000123.08.0 - 9.98.0In
When determining whether Spear Alpha ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Spear Alpha'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 Spear Alpha Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Spear Alpha Etf:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spear Alpha ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
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The market value of Spear Alpha ETF is measured differently than its book value, which is the value of Spear that is recorded on the company's balance sheet. Investors also form their own opinion of Spear Alpha's value that differs from its market value or its book value, called intrinsic value, which is Spear Alpha'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 Spear Alpha's market value can be influenced by many factors that don't directly affect Spear Alpha'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 Spear Alpha's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spear Alpha is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spear Alpha'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.