UGE250815C00021000 Option on ProShares Ultra Consumer

UGE Etf  USD 18.77  0.33  1.79%   
UGE250815C00021000 is a PUT option contract on ProShares Ultra's common stock with a strick price of 21.0 expiring on 2025-08-15. The contract was not traded in recent days and, as of today, has 24 days remaining before the expiration. The option is currently trading at an ask price of $0.25. The implied volatility as of the 22nd of July is 24.0.
When exercised, put options on ProShares Ultra 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 Ultra's downside price movement.

Rule 16 of 2025-08-15 Option Contract

The options market is anticipating that ProShares Ultra Consumer will have an average daily up or down price movement of about 0.0163% per day over the life of the option. With ProShares Ultra trading at USD 18.77, that is roughly USD 0.003068. If you think that the market is fully understating ProShares Ultra's daily price movement you should consider buying ProShares Ultra Consumer options at that current volatility level of 0.26%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Call Option on ProShares Ultra

An 'Out of The Money' option on ProShares has a strike price that ProShares Etf has yet to reach, meaning the option has no intrinsic value. 'Out of The Money' options are usually less costly than 'In The Money' options, making them more desirable to traders with smaller amounts of capital. Some of the uses for ProShares Ultra's 'Out of The Money' options include buying the options if you expect a big move in ProShares Ultra's stock. Since 'Out of The Money' options have a lower up-front cost (i.e., no intrinsic value) than 'In The Money' options, buying it is a reasonable choice.
Call Contract NameUGE250815C00021000
Expires On2025-08-15
Days Before Expriration24
Delta0.130588
Vega0.016162
Gamma0.107396
Theoretical Value0.13
Open Interest2
Strike Price21.0
Current Price Spread0.0 | 0.25
Rule 16 Daily Up or DownUSD 0.003068

ProShares short PUT Option Greeks

ProShares Ultra's Option Greeks for the contract ending on 2025-08-15 at a strike price of 21.0 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 Ultra's option greeks, its implied volatility helps estimate the risk of ProShares Ultra stock implied by the prices of the options on ProShares Ultra's stock.
Delta0.130588
Gamma0.107396
Theta-0.003366
Vega0.016162
Rho0.003606

ProShares long PUT Option Payoff at expiration

Put options written on ProShares Ultra grant holders of the option the right to sell a specified amount of ProShares Ultra 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 Ultra is like buying insurance aginst ProShares Ultra's downside shift.
   Profit   
       ProShares Ultra Price At Expiration  

ProShares short PUT Option Payoff at expiration

By selling ProShares Ultra's put option, the investors signal their bearish sentiment. A short position in a put option written on ProShares Ultra will generally make money when the underlying price is above the strike price. Therefore ProShares Ultra's put payoff at expiration depends on where the ProShares Etf price is relative to the put option strike price. The breakeven price of 21.13 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 Ultra's price. Finally, at the strike price of 21.0, the payoff chart is constant and positive.
   Profit   
       ProShares Ultra Price At Expiration  
View All ProShares Ultra Options

ProShares Ultra Consumer Available Call Options

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
UGE250815C00029000029.00.0 - 0.90.9Out
Call
UGE250815C00028000028.00.0 - 0.90.9Out
Call
UGE250815C00027000027.00.0 - 0.90.9Out
Call
UGE250815C00026000026.00.0 - 0.250.25Out
Call
UGE250815C00025000025.00.0 - 0.90.9Out
Call
UGE250815C00024000024.00.0 - 0.90.9Out
Call
UGE250815C00023000023.00.0 - 0.90.9Out
Call
UGE250815C00022000022.00.0 - 0.90.9Out
Call
UGE250815C00021000221.00.0 - 0.250.25Out
Call
UGE250815C00020000020.00.0 - 1.150.4Out
Call
UGE250815C000180001318.00.5 - 2.150.5In
Call
UGE250815C00017000817.01.4 - 2.21.4In
When determining whether ProShares Ultra Consumer 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 World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Consumer. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.
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 Ultra Consumer 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.