DNN250117P00002000 Option on Denison Mines Corp
DNN Stock | USD 2.08 0.02 0.95% |
DNN250117P00002000 is a PUT option contract on Denison Mines' common stock with a strick price of 2.0 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 $0.65, and an ask price of $0.75. The implied volatility as of the 7th of January is 10.0.
Denison |
A put option written on Denison Mines becomes more valuable as the price of Denison Mines drops. Conversely, Denison Mines' put option loses its value as Denison Stock rises.
Rule 16 of 2025-01-17 Option Contract
The options market is anticipating that Denison Mines Corp will have an average daily up or down price movement of about 0.0427% per day over the life of the option. With Denison Mines trading at USD 2.08, that is roughly USD 8.88E-4. If you think that the market is fully understating Denison Mines' daily price movement you should consider buying Denison Mines Corp options at that current volatility level of 0.68%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on Denison Mines
An 'Out of The Money' option on Denison has a strike price that Denison 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 Denison Mines' 'Out of The Money' options include buying the options if you expect a big move in Denison Mines' 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 | DNN250117P00002000 |
Expires On | 2025-01-17 |
Days Before Expriration | 10 |
Vega | 0.006997 |
Gamma | 0.337776 |
Theoretical Value | 0.7 |
Open Interest | 267 |
Current Trading Volume | 2.0 |
Strike Price | 2.0 |
Last Traded At | 0.7 |
Current Price Spread | 0.65 | 0.75 |
Rule 16 Daily Up or Down | USD 8.88E-4 |
Denison short PUT Option Greeks
Denison Mines' Option Greeks for the contract ending on 2025-01-17 at a strike price of 2.0 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 Denison Mines' option greeks, its implied volatility helps estimate the risk of Denison Mines stock implied by the prices of the options on Denison Mines' stock.
Delta | -0.45838 | |
Gamma | 0.337776 | |
Theta | -3.69E-4 | |
Vega | 0.006997 | |
Rho | -0.011892 |
Denison long PUT Option Payoff at expiration
Put options written on Denison Mines grant holders of the option the right to sell a specified amount of Denison Mines 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 Denison Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Denison Mines is like buying insurance aginst Denison Mines' downside shift.
Profit |
Denison Mines Price At Expiration |
Denison short PUT Option Payoff at expiration
By selling Denison Mines' put option, the investors signal their bearish sentiment. A short position in a put option written on Denison Mines will generally make money when the underlying price is above the strike price. Therefore Denison Mines' put payoff at expiration depends on where the Denison Stock price is relative to the put option strike price. The breakeven price of 1.3 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 Denison Mines' price. Finally, at the strike price of 2.0, the payoff chart is constant and positive.
Profit |
Denison Mines Price At Expiration |
Denison Mines Corp Available Put Options
Denison Mines' option chain is a display of a range of information that helps investors for ways to trade options on Denison. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Denison. It also shows strike prices and maturity days for a Denison Mines 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 | DNN250117P00000500 | 38 | 0.5 | 0.0 - 0.1 | 0.1 | Out |
Put | DNN250117P00001000 | 1157 | 1.0 | 0.1 - 0.2 | 0.1 | Out |
Put | DNN250117P00001500 | 946 | 1.5 | 0.35 - 0.45 | 0.36 | Out |
Put | DNN250117P00002000 | 267 | 2.0 | 0.65 - 0.75 | 0.7 | Out |
Put | DNN250117P00002500 | 2 | 2.5 | 1.05 - 1.15 | 1.05 | Out |
Put | DNN250117P00003000 | 349 | 3.0 | 1.45 - 1.6 | 1.45 | Out |
Put | DNN250117P00004000 | 0 | 4.0 | 2.35 - 2.5 | 2.35 | |
Put | DNN250117P00003500 | 0 | 3.5 | 1.6 - 1.8 | 1.6 | |
Put | DNN250117P00005000 | 10 | 5.0 | 3.2 - 3.5 | 3.2 | Out |
Put | DNN250117P00004500 | 0 | 4.5 | 2.0 - 2.35 | 2.0 |
Denison Mines Corporate Directors
Jack Lundin | Independent Director | Profile | |
Patricia Volker | Independent Director | Profile | |
William Rand | Independent Director | Profile | |
Brian Edgar | Independent Director | Profile |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denison Mines Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Denison Mines. If investors know Denison will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Denison Mines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.02) | Revenue Per Share | Quarterly Revenue Growth (0.11) | Return On Assets | Return On Equity |
The market value of Denison Mines Corp is measured differently than its book value, which is the value of Denison that is recorded on the company's balance sheet. Investors also form their own opinion of Denison Mines' value that differs from its market value or its book value, called intrinsic value, which is Denison Mines' 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 Denison Mines' market value can be influenced by many factors that don't directly affect Denison Mines' 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 Denison Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Denison Mines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Denison Mines' 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.