null Option on Spear Alpha ETF
| SPRX Etf | USD 31.61 0.26 0.83% |
Spear Alpha's latest option contracts expiring on September 19th 2025 are carrying combined implied volatility of 0.46 with a put-to-call open interest ratio of 0.1 over 22 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on September 19th 2025.
Open Interest Against September 19th 2025 Option Contracts
Spear Alpha option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Spear Alpha's lending market. For example, when Spear Alpha's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Spear Alpha, he or she must hedge the risk by shorting Spear Alpha stock over its option's life.
2025-09-19
The chart above shows Spear Alpha'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. Spear Alpha's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Spear Alpha's option, there is no secondary market available for investors to trade.
Spear Alpha Maximum Pain Price Across 2025-09-19 Option Contracts
Max pain occurs when Spear Alpha's market makers reach a net positive position across all Spear Alpha's options at a strike price where option holders stand to lose the most money. By contrast, Spear Alpha's option sellers may reap the most after selling more options than buying, causing them to expire worthless.
In The Money vs. Out of Money Option Contracts on Spear Alpha
Analyzing Spear Alpha's in-the-money options over time can help investors to take a profitable long position in Spear Alpha regardless of its overall volatility. This is especially true when Spear Alpha's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Spear Alpha's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Spear Alpha's stock while costing only a fraction of its price.
Spear Alpha ETF In The Money Call Balance
When Spear Alpha's strike price is surpassing the current stock price, the option contract against Spear Alpha ETF stock is said to be in the money. When it comes to buying Spear Alpha'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 Spear Alpha ETF 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.
Spear Current Options Market Mood
Spear Alpha'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 Spear 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
It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Using current Spear Alpha's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.
Rule 16 of the current Spear contract
Base on the Rule 16, the options market is currently suggesting that Spear Alpha ETF will have an average daily up or down price movement of about 0.0288% per day over the life of the 2025-09-19 option contract. With Spear Alpha trading at USD 31.61, that is roughly USD 0.009088. If you think that the market is fully incorporating Spear Alpha's daily price movement you should consider buying Spear Alpha ETF options at the current volatility level of 0.46%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Purchasing Spear Alpha 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" Spear calls. Remember, the seller must deliver Spear Alpha ETF stock to the call owner when a call is exercised.
Spear Alpha Option Chain
When Spear Alpha's strike price is surpassing the current stock price, the option contract against Spear Alpha ETF 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.
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 Int | Strike Price | Current Spread | Last Price | |||
Call | SPRX250919C00034000 | 0 | 34.0 | 0.25 - 1.8 | 0.25 | |
Call | SPRX250919C00033000 | 1 | 33.0 | 0.6 - 2.1 | 0.45 | Out |
Call | SPRX250919C00032000 | 0 | 32.0 | 1.0 - 2.45 | 1.0 | |
Call | SPRX250919C00031000 | 0 | 31.0 | 1.55 - 2.95 | 1.55 | In |
Call | SPRX250919C00030000 | 1 | 30.0 | 1.95 - 3.7 | 2.2 | In |
Call | SPRX250919C00029000 | 0 | 29.0 | 2.55 - 4.3 | 2.55 | In |
Call | SPRX250919C00028000 | 0 | 28.0 | 3.3 - 5.1 | 3.3 | In |
Call | SPRX250919C00027000 | 0 | 27.0 | 4.0 - 5.9 | 4.0 | In |
Call | SPRX250919C00026000 | 17 | 26.0 | 4.8 - 6.7 | 4.8 | In |
Call | SPRX250919C00025000 | 1 | 25.0 | 5.8 - 7.6 | 5.8 | In |
Call | SPRX250919C00023000 | 1 | 23.0 | 7.5 - 9.4 | 7.5 | In |
Put | SPRX250919P00034000 | 0 | 34.0 | 2.85 - 4.7 | 2.85 | In |
Put | SPRX250919P00033000 | 0 | 33.0 | 2.25 - 4.0 | 2.25 | In |
Put | SPRX250919P00032000 | 0 | 32.0 | 1.7 - 3.4 | 1.7 | In |
Put | SPRX250919P00031000 | 0 | 31.0 | 1.15 - 2.8 | 1.15 | |
Put | SPRX250919P00030000 | 0 | 30.0 | 0.75 - 2.35 | 0.75 | |
Put | SPRX250919P00029000 | 0 | 29.0 | 0.4 - 2.05 | 0.4 | |
Put | SPRX250919P00028000 | 0 | 28.0 | 0.05 - 1.75 | 0.05 | |
Put | SPRX250919P00027000 | 0 | 27.0 | 0.0 - 1.55 | 1.55 | |
Put | SPRX250919P00026000 | 0 | 26.0 | 0.0 - 1.35 | 1.35 | |
Put | SPRX250919P00025000 | 0 | 25.0 | 0.0 - 1.25 | 1.25 | |
Put | SPRX250919P00020000 | 2 | 20.0 | 0.0 - 0.2 | 0.2 | Out |
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. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
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.