TBT250919C00030000 Option on ProShares UltraShort

TBT Etf  USD 36.85  0.06  0.16%   
TBT250919C00030000 is a PUT option contract on ProShares UltraShort's common stock with a strick price of 30.0 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 $6.4, and an ask price of $6.6. The implied volatility as of the 23rd of July is 58.0.
When exercised, put options on ProShares UltraShort produce a short position in ProShares Etf. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on ProShares UltraShort's downside price movement.

Rule 16 of 2025-09-19 Option Contract

The options market is anticipating that ProShares UltraShort 20 will have an average daily up or down price movement of about 0.0174% per day over the life of the option. With ProShares UltraShort trading at USD 36.85, that is roughly USD 0.006398. If you think that the market is fully understating ProShares UltraShort's daily price movement you should consider buying ProShares UltraShort 20 options at that current volatility level of 0.28%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

In The Money Call Option on ProShares UltraShort

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 ProShares UltraShort 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 ProShares 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 NameTBT250919C00030000
Expires On2025-09-19
Days Before Expriration58
Delta0.963877
Vega0.010843
Gamma0.018175
Theoretical Value6.6
Open Interest7
Strike Price30.0
Last Traded At6.67
Current Price Spread6.4 | 6.6
Rule 16 Daily Up or DownUSD 0.006398

ProShares short PUT Option Greeks

ProShares UltraShort's Option Greeks for the contract ending on 2025-09-19 at a strike price of 30.0 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 ProShares UltraShort's option greeks, its implied volatility helps estimate the risk of ProShares UltraShort stock implied by the prices of the options on ProShares UltraShort's stock.
Delta0.963877
Gamma0.018175
Theta-0.004225
Vega0.010843
Rho0.046107

ProShares long PUT Option Payoff at expiration

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

ProShares short PUT Option Payoff at expiration

By selling ProShares UltraShort's put option, the investors signal their bearish sentiment. A short position in a put option written on ProShares UltraShort will generally make money when the underlying price is above the strike price. Therefore ProShares UltraShort's put payoff at expiration depends on where the ProShares Etf price is relative to the put option strike price. The breakeven price of 36.6 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 ProShares UltraShort's price. Finally, at the strike price of 30.0, the payoff chart is constant and positive.
   Profit   
       ProShares UltraShort Price At Expiration  
View All ProShares UltraShort Options

ProShares UltraShort Available Call Options

ProShares UltraShort'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 UltraShort 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
TBT250919C0005500023155.00.0 - 0.350.05Out
Call
TBT250919C000500006950.00.05 - 0.150.1Out
Call
TBT250919C000490002249.00.05 - 0.20.42Out
Call
TBT250919C000480004048.00.1 - 0.20.29Out
Call
TBT250919C000470001847.00.1 - 0.20.28Out
Call
TBT250919C00046000746.00.15 - 0.250.35Out
Call
TBT250919C000450003945.00.15 - 0.250.25Out
Call
TBT250919C0004400016044.00.2 - 0.30.4Out
Call
TBT250919C00043000119943.00.25 - 0.350.32Out
Call
TBT250919C0004200018042.00.3 - 0.40.35Out
Call
TBT250919C0004100051741.00.4 - 0.50.76Out
Call
TBT250919C0004000035540.00.55 - 0.650.57Out
Call
TBT250919C0003900016039.00.75 - 0.850.88Out
Call
TBT250919C00038000134638.01.0 - 1.11.05Out
Call
TBT250919C0003700017037.01.3 - 1.451.26Out
Call
TBT250919C0003600032736.01.75 - 1.91.85In
Call
TBT250919C0003500086535.02.3 - 2.452.3In
Call
TBT250919C0003400082734.02.95 - 3.14.0In
Call
TBT250919C00033000162033.03.7 - 3.94.4In
Call
TBT250919C000320008332.03.0 - 4.84.6In
Call
TBT250919C000310002231.05.4 - 5.75.5In
Call
TBT250919C00030000730.06.4 - 6.66.67In
When determining whether ProShares UltraShort 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 ProShares 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 Proshares Ultrashort 20 Etf. Highlighted below are key reports to facilitate an investment decision about Proshares Ultrashort 20 Etf:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares UltraShort 20. 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 labor statistics.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
The market value of ProShares UltraShort 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 UltraShort's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraShort'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 UltraShort's market value can be influenced by many factors that don't directly affect ProShares UltraShort'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 UltraShort's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraShort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraShort'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.