Technology Select Stock Options

XLK
 Etf
  

USD 131.72  2.12  1.64%   

Technology Select's option chain provides insight into all available option contracts written on Technology Select's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Technology Select's stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given Technology option contract. View S&P 500 options
  
Purchasing Technology Select 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" Technology calls. Remember, the seller must deliver Technology Select Sector stock to the call owner when a call is exercised.

In The Money vs. Out of Money Option Contracts on Technology Select

Analyzing Technology Select's in-the-money options over time can help investors to take a profitable long position in Technology Select regardless of its overall volatility. This is especially true when Technology Select's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Technology Select's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Technology Select's stock while costing only a fraction of its price.
Technology Select's latest option contracts expiring on 2022-12-09 are carrying combined implied volatility of 61.89 with a put-to-call open interest ratio of 1.23 over 157 outstanding agreements suggesting investors are buying more puts than calls on contracts expiring on 2022-12-09. The current put volume is at 1319, with calls trading at the volume of 748. This yields a 1.76 put-to-call volume ratio. The Technology Select option chain provides detailed quote and price information for the current Technology Select Sector option contracts. It shows all of Technology Select's listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2022-12-09 Option Contracts

Technology Select 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 Technology Select's lending market. For example, when Technology Select'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 Technology Select, he or she must hedge the risk by shorting Technology Select stock over its option's life.
The chart above shows Technology Select'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. Technology Select's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Technology Select's option, there is no secondary market available for investors to trade.

Technology Select Maximum Pain Price across 2022-12-09 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Technology Select close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Technology Select's stock options are financial instruments that give investors the right to buy or sell shares of Technology Select Sector common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Technology stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Technology Select's stock price goes up or down, the stock options follow.
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Please note that buying 'in-the-money' options on Technology Select lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Technology Select's value remains static through the expiration date, the investor can sell to close an 'in-the-money' option to avoid a potential loss. However, in-the-money Technology Select contracts are usually more expensive to enter than their out-of-the-money counterparts. So keep in mind that while the payoffs on an in-the-money trade can be high, the investors could ultimately experience a more consequential loss if Technology Etf moves the wrong way.

Technology Select Sector In The Money Call Balance

When Technology Select's strike price is surpassing the current stock price, the option contract against Technology Select Sector stock is said to be in the money. When it comes to buying Technology Select'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 Technology Select Sector 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.

Technology Current Options Market Mood

Technology Select'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 Technology 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

Most options investors, including buyers and sellers of Technology Select's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Technology Select's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Technology Select'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 Technology contract

Base on the Rule 16, the options market is currently suggesting that Technology Select Sector will have an average daily up or down price movement of about 3.87% per day over the life of the 2022-12-09 option contract. With Technology Select trading at USD131.72, that is roughly USD5.09. If you think that the market is fully incorporating Technology Select's daily price movement you should consider buying Technology Select Sector options at the current volatility level of 61.89%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Technology Select Option Chain

When Technology Select's strike price is surpassing the current stock price, the option contract against Technology Select Sector 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.
2022-12-092022-12-162022-12-232022-12-302023-01-062023-01-132023-01-202023-03-172023-06-162023-09-152024-01-192024-06-212025-01-17
Technology Select's option chain is a display of a range of information that helps investors for ways to trade options on Technology. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Technology. It also shows strike prices and maturity days for a Technology Select 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.
DeltaGammaOpen IntExpirationCurrent SpreadLast Price
Call
2022-12-09 CALL at $75.00.98540.001182022-12-0953.4 - 56.256.7In
Call
2022-12-09 CALL at $80.00.94870.0025222022-12-0947.8 - 50.6551.59In
Call
2022-12-09 CALL at $85.00.99417.0E-402022-12-0942.7 - 46.60.0In
Call
2022-12-09 CALL at $90.00.97250.00241532022-12-0938.65 - 40.039.9In
Call
2022-12-09 CALL at $95.00.93710.004432022-12-0933.65 - 35.4537.25In
Call
2022-12-09 CALL at $100.00.91640.005932022-12-0928.4 - 30.729.15In
Call
2022-12-09 CALL at $105.00.95810.005502022-12-0923.7 - 26.10.0In
Call
2022-12-09 CALL at $106.00.97730.00402022-12-0922.75 - 24.70.0In
Call
2022-12-09 CALL at $107.00.98030.003902022-12-0921.75 - 23.650.0In
Call
2022-12-09 CALL at $108.00.97950.004202022-12-0920.75 - 22.650.0In
Call
2022-12-09 CALL at $109.00.97870.004502022-12-0919.75 - 21.650.0In
Call
2022-12-09 CALL at $110.00.9470.007922022-12-0918.75 - 21.126.18In
Call
2022-12-09 CALL at $111.00.89880.010702022-12-0917.75 - 19.450.0In
Call
2022-12-09 CALL at $112.00.89490.011502022-12-0916.7 - 18.450.0In
Call
2022-12-09 CALL at $113.00.93390.010502022-12-0915.75 - 18.20.0In
Call
2022-12-09 CALL at $114.00.96820.007802022-12-0914.8 - 16.650.0In
Call
2022-12-09 CALL at $114.50.88360.013912022-12-0913.45 - 15.9515.83In
Call
2022-12-09 CALL at $115.00.97180.007802022-12-0913.75 - 15.650.0In
Call
2022-12-09 CALL at $115.50.97110.008202022-12-0913.2 - 15.214.79In
Call
2022-12-09 CALL at $116.00.97020.0087142022-12-0912.75 - 14.6513.1In
Call
2022-12-09 CALL at $116.50.87260.016462022-12-0912.15 - 13.956.05In
Call
2022-12-09 CALL at $117.00.9570.011662022-12-0910.5 - 15.012.75In
Call
2022-12-09 CALL at $118.00.90150.017902022-12-0910.75 - 13.40.0In
Call
2022-12-09 CALL at $119.00.9640.012742022-12-099.7 - 11.710.4In
Call
2022-12-09 CALL at $120.00.84660.0233312022-12-098.7 - 10.4514.71In
Call
2022-12-09 CALL at $121.00.93070.0218192022-12-097.8 - 9.813.55In
Call
2022-12-09 CALL at $121.50.81760.0275102022-12-096.6 - 9.112.44In
Call
2022-12-09 CALL at $122.00.79910.028752022-12-096.1 - 8.757.15In
Call
2022-12-09 CALL at $122.50.99920.0011152022-12-096.25 - 8.27.11In
Call
2022-12-09 CALL at $123.00.8420.0347302022-12-095.75 - 7.77.2In
Call
2022-12-09 CALL at $123.50.76550.0338162022-12-094.7 - 7.411.55In
Call
2022-12-09 CALL at $124.00.96740.0233182022-12-094.75 - 6.555.78In
Call
2022-12-09 CALL at $124.50.93910.0354202022-12-094.15 - 6.255.77In
Call
2022-12-09 CALL at $125.00.91340.0453202022-12-093.7 - 5.85.12In
Call
2022-12-09 CALL at $125.50.77080.0522192022-12-093.35 - 5.654.9In
Call
2022-12-09 CALL at $126.00.82290.0646132022-12-093.1 - 4.754.0In
Call
2022-12-09 CALL at $126.50.7030.056102022-12-092.88 - 4.32.9In
Call
2022-12-09 CALL at $127.00.77880.085232022-12-092.27 - 4.553.06In
Call
2022-12-09 CALL at $127.50.74420.0973132022-12-092.1 - 3.152.12In
Call
2022-12-09 CALL at $128.00.7110.1149102022-12-091.62 - 2.692.65In
Call
2022-12-09 CALL at $128.50.65730.1299222022-12-091.35 - 2.182.6In
Call
2022-12-09 CALL at $129.00.58220.1247152022-12-091.25 - 1.92.33In
Call
2022-12-09 CALL at $129.50.51910.1309232022-12-091.06 - 1.571.27In
Call
2022-12-09 CALL at $130.00.46170.112942022-12-091.01 - 1.450.93Out
Call
2022-12-09 CALL at $130.50.39040.12562062022-12-090.61 - 1.150.83Out
Call
2022-12-09 CALL at $131.00.3260.1206792022-12-090.46 - 0.910.63Out
Call
2022-12-09 CALL at $131.50.2720.10941152022-12-090.36 - 0.810.5Out
Call
2022-12-09 CALL at $132.00.21810.09832422022-12-090.25 - 0.60.37Out
Call
2022-12-09 CALL at $133.00.12620.07161372022-12-090.09 - 0.20.18Out
Call
2022-12-09 CALL at $134.00.07550.04772882022-12-090.05 - 0.20.1Out
Call
2022-12-09 CALL at $135.00.03510.02674512022-12-090.01 - 0.080.04Out
Call
2022-12-09 CALL at $136.00.02520.01862442022-12-090.0 - 0.10.03Out
Call
2022-12-09 CALL at $137.00.01670.01242262022-12-090.0 - 0.110.02Out
Call
2022-12-09 CALL at $138.00.02070.01261352022-12-090.01 - 0.060.03Out
Call
2022-12-09 CALL at $139.00.00810.00592652022-12-090.01 - 0.060.01Out
Call
2022-12-09 CALL at $140.00.0130.0075642022-12-090.0 - 0.060.02Out
 Put
2022-12-09 PUT at $119.0-0.01160.006242022-12-090.0 - 0.060.02Out
 Put
2022-12-09 PUT at $119.5-0.01860.008922022-12-090.01 - 0.060.6Out
 Put
2022-12-09 PUT at $120.0-0.01720.009192022-12-090.0 - 0.060.03Out
 Put
2022-12-09 PUT at $123.0-0.03360.02122022-12-090.01 - 0.090.07Out
 Put
2022-12-09 PUT at $124.0-0.0380.0254112022-12-090.02 - 0.130.05Out
 Put
2022-12-09 PUT at $124.5-0.0630.036142022-12-090.03 - 0.160.04Out
 Put
2022-12-09 PUT at $125.0-0.10740.04831682022-12-090.07 - 0.20.2Out
 Put
2022-12-09 PUT at $125.5-0.11170.0548282022-12-090.07 - 0.250.19Out
 Put
2022-12-09 PUT at $126.0-0.12080.0636522022-12-090.13 - 0.350.19Out
 Put
2022-12-09 PUT at $126.5-0.17610.07541492022-12-090.24 - 0.420.41Out
 Put
2022-12-09 PUT at $127.0-0.23510.08252192022-12-090.25 - 0.530.52Out
 Put
2022-12-09 PUT at $127.5-0.24690.0998272022-12-090.27 - 0.670.5Out
 Put
2022-12-09 PUT at $128.0-0.30470.10781692022-12-090.4 - 0.70.64Out
 Put
2022-12-09 PUT at $128.5-0.36210.11461812022-12-090.48 - 1.130.82Out
 Put
2022-12-09 PUT at $129.0-0.42260.117862022-12-090.59 - 1.221.05Out
 Put
2022-12-09 PUT at $129.5-0.48120.12992572022-12-090.83 - 1.521.17Out
 Put
2022-12-09 PUT at $130.0-0.550.13831172022-12-091.01 - 1.811.35In
 Put
2022-12-09 PUT at $130.5-0.62320.13871152022-12-091.22 - 1.941.6In
 Put
2022-12-09 PUT at $131.0-0.67130.11891982022-12-091.67 - 2.872.04In
 Put
2022-12-09 PUT at $131.5-0.75980.122702022-12-091.86 - 2.72.26In
 Put
2022-12-09 PUT at $132.0-0.90020.09564012022-12-092.02 - 3.52.48In
 Put
2022-12-09 PUT at $133.0-0.75750.06692102022-12-092.75 - 4.554.05In
 Put
2022-12-09 PUT at $134.0-0.89980.05281992022-12-093.75 - 5.04.55In
 Put
2022-12-09 PUT at $135.0-0.73450.04081462022-12-094.5 - 6.655.29In
 Put
2022-12-09 PUT at $136.0-0.90470.03611242022-12-095.45 - 8.156.6In
 Put
2022-12-09 PUT at $137.0-0.81560.0344472022-12-096.15 - 8.157.51In
 Put
2022-12-09 PUT at $138.0-0.79920.0302292022-12-096.85 - 9.47.77In
 Put
2022-12-09 PUT at $139.0-0.95170.018732022-12-098.4 - 10.65.05In
 Put
2022-12-09 PUT at $140.0-0.84340.025142022-12-099.05 - 11.155.63In
 Put
2022-12-09 PUT at $141.0-0.9650.01302022-12-0910.6 - 12.350.0In
 Put
2022-12-09 PUT at $142.0-0.85660.021202022-12-0911.4 - 13.1512.16In
 Put
2022-12-09 PUT at $143.0-0.84730.019802022-12-0912.45 - 14.30.0In
 Put
2022-12-09 PUT at $144.0-0.96350.010702022-12-0913.4 - 15.60.0In
 Put
2022-12-09 PUT at $145.0-0.84450.017512022-12-0914.35 - 16.459.45In
 Put
2022-12-09 PUT at $146.0-0.87570.01602022-12-0915.6 - 17.150.0In
 Put
2022-12-09 PUT at $147.0-0.96780.008302022-12-0916.4 - 18.60.0In
 Put
2022-12-09 PUT at $148.0-0.88290.014202022-12-0917.4 - 19.150.0In
 Put
2022-12-09 PUT at $149.0-0.9650.007902022-12-0918.4 - 20.6519.56In
 Put
2022-12-09 PUT at $150.0-0.98220.00502022-12-0919.4 - 21.50.0In
 Put
2022-12-09 PUT at $151.0-0.87130.012702022-12-0920.4 - 22.40.0In
 Put
2022-12-09 PUT at $152.0-0.97270.00602022-12-0921.4 - 23.60.0In
 Put
2022-12-09 PUT at $153.0-0.87690.011602022-12-0922.4 - 24.40.0In
 Put
2022-12-09 PUT at $154.0-0.83850.011702022-12-0922.7 - 26.050.0In
 Put
2022-12-09 PUT at $155.0-0.90110.010202022-12-0924.35 - 26.150.0In
 Put
2022-12-09 PUT at $160.0-0.910.008402022-12-0929.35 - 31.150.0In
 Put
2022-12-09 PUT at $165.0-0.9410.006202022-12-0934.6 - 37.10.0In
 Put
2022-12-09 PUT at $170.0-0.97490.003402022-12-0938.55 - 42.550.0In
 Put
2022-12-09 PUT at $175.0-0.97660.002902022-12-0943.55 - 47.550.0In
 Put
2022-12-09 PUT at $180.0-0.9780.002602022-12-0948.55 - 52.550.0In
 Put
2022-12-09 PUT at $185.0-0.98170.002102022-12-0953.6 - 57.450.0In

Technology Select Implied Volatility

    
  61.89  
Technology Select's implied volatility exposes the market's sentiment of Technology Select Sector stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Technology Select's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Technology Select stock will not fluctuate a lot when Technology Select's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Technology Select in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Technology Select's short interest history, or implied volatility extrapolated from Technology Select options trading.

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Check out Your Current Watchlist. You can also try Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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When running Technology Select Sector price analysis, check to measure Technology Select's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Technology Select is operating at the current time. Most of Technology Select's value examination focuses on studying past and present price action to predict the probability of Technology Select's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Technology Select's price. Additionally, you may evaluate how the addition of Technology Select to your portfolios can decrease your overall portfolio volatility.
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The market value of Technology Select Sector is measured differently than its book value, which is the value of Technology that is recorded on the company's balance sheet. Investors also form their own opinion of Technology Select's value that differs from its market value or its book value, called intrinsic value, which is Technology Select'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 Technology Select's market value can be influenced by many factors that don't directly affect Technology Select'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 Technology Select's value and its price as these two are different measures arrived at by different means. Investors typically determine Technology Select value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Technology Select'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.