CNX250117P00020000 Option on CNX Resources Corp
| CNX Stock | USD 30.64 2.48 7.49% |
CNX250117P00020000 is a PUT option contract on CNX Resources' common stock with a strick price of 20.0 expiring on 2025-01-17. The contract was not traded in recent days and, as of today, has 10 days remaining before the expiration. The option is currently trading at a bid price of $2.05, and an ask price of $2.15. The implied volatility as of the 7th of January is 10.0.
CNX |
A put option written on CNX Resources becomes more valuable as the price of CNX Resources drops. Conversely, CNX Resources' put option loses its value as CNX Stock rises.
Rule 16 of 2025-01-17 Option Contract
The options market is anticipating that CNX Resources Corp will have an average daily up or down price movement of about 0.0% per day over the life of the option. With CNX Resources trading at USD 30.64, that is roughly USD 0.0. If you think that the market is fully understating CNX Resources' daily price movement you should consider buying CNX Resources Corp options at that current volatility level of 0.0%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on CNX Resources
An 'Out of The Money' option on CNX has a strike price that CNX Stock 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 CNX Resources' 'Out of The Money' options include buying the options if you expect a big move in CNX Resources' 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.
| Put Contract Name | CNX250117P00020000 |
| Expires On | 2025-01-17 |
| Days Before Expriration | 10 |
| Open Interest | 88 |
| Strike Price | 20.0 |
| Current Price Spread | 2.05 | 2.15 |
CNX long PUT Option Payoff at expiration
Put options written on CNX Resources grant holders of the option the right to sell a specified amount of CNX Resources 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 CNX Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on CNX Resources is like buying insurance aginst CNX Resources' downside shift.
Profit |
| CNX Resources Price At Expiration |
CNX short PUT Option Payoff at expiration
By selling CNX Resources' put option, the investors signal their bearish sentiment. A short position in a put option written on CNX Resources will generally make money when the underlying price is above the strike price. Therefore CNX Resources' put payoff at expiration depends on where the CNX Stock price is relative to the put option strike price. The breakeven price of 20.0 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 CNX Resources' price. Finally, at the strike price of 20.0, the payoff chart is constant and positive.
Profit |
| CNX Resources Price At Expiration |
CNX Resources Corp Available Put Options
CNX Resources' option chain is a display of a range of information that helps investors for ways to trade options on CNX. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for CNX. It also shows strike prices and maturity days for a CNX Resources 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 | |||
Put | CNX250117P00003000 | 0 | 3.0 | 0.0 - 0.25 | 0.25 | |
Put | CNX250117P00005000 | 0 | 5.0 | 0.0 - 1.4 | 1.4 | |
Put | CNX250117P00008000 | 0 | 8.0 | 0.0 - 1.5 | 1.5 | |
Put | CNX250117P00010000 | 45 | 10.0 | 0.0 - 1.55 | 1.55 | Out |
Put | CNX250117P00013000 | 100 | 13.0 | 0.4 - 0.55 | 0.4 | Out |
Put | CNX250117P00015000 | 327 | 15.0 | 0.7 - 0.85 | 0.7 | Out |
Put | CNX250117P00017000 | 12 | 17.0 | 1.1 - 1.25 | 1.1 | Out |
Put | CNX250117P00020000 | 88 | 20.0 | 2.05 - 2.15 | 2.05 | Out |
Put | CNX250117P00022000 | 0 | 22.0 | 2.85 - 3.0 | 2.85 | |
Put | CNX250117P00025000 | 15 | 25.0 | 4.5 - 4.6 | 4.5 | Out |
CNX Resources Corporate Directors
| Bernard Lanigan | Independent Director | Profile | |
| Ian McGuire | Independent Director | Profile | |
| Tyler Lewis | Director - Investor Relations | Profile | |
| William Davis | Independent Director | Profile |
Additional Tools for CNX Stock Analysis
When running CNX Resources' price analysis, check to measure CNX Resources' 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 CNX Resources is operating at the current time. Most of CNX Resources' value examination focuses on studying past and present price action to predict the probability of CNX Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CNX Resources' price. Additionally, you may evaluate how the addition of CNX Resources to your portfolios can decrease your overall portfolio volatility.