ENVX250117P00012500 Option on Enovix Corp

ENVX Stock  USD 12.23  2.10  14.65%   
ENVX250117P00012500 is a PUT option contract on Enovix Corp's common stock with a strick price of 12.5 expiring on 2025-01-17. The contract was not traded in recent days and, as of today, has 9 days remaining before the expiration. The option is currently trading at a bid price of $4.2, and an ask price of $4.5. The implied volatility as of the 8th of January is 9.0.
  
A put option written on Enovix Corp becomes more valuable as the price of Enovix Corp drops. Conversely, Enovix Corp's put option loses its value as Enovix Stock rises.

Rule 16 of 2025-01-17 Option Contract

The options market is anticipating that Enovix Corp will have an average daily up or down price movement of about 0.0525% per day over the life of the option. With Enovix Corp trading at USD 12.23, that is roughly USD 0.006418. If you think that the market is fully understating Enovix Corp's daily price movement you should consider buying Enovix Corp options at that current volatility level of 0.84%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put Option on Enovix Corp

An 'Out of The Money' option on Enovix has a strike price that Enovix 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 Enovix Corp's 'Out of The Money' options include buying the options if you expect a big move in Enovix Corp'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.
Put Contract NameENVX250117P00012500
Expires On2025-01-17
Days Before Expriration9
Vega0.047935
Gamma0.032942
Theoretical Value4.35
Open Interest6861
Strike Price12.5
Current Price Spread4.2 | 4.5
Rule 16 Daily Up or DownUSD 0.006418

Enovix short PUT Option Greeks

Enovix Corp's Option Greeks for the contract ending on 2025-01-17 at a strike price of 12.5 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 Enovix Corp's option greeks, its implied volatility helps estimate the risk of Enovix Corp stock implied by the prices of the options on Enovix Corp's stock.
Delta-0.326565
Gamma0.032942
Theta-0.003387
Vega0.047935
Rho-0.075791

Enovix long PUT Option Payoff at expiration

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

Enovix short PUT Option Payoff at expiration

By selling Enovix Corp's put option, the investors signal their bearish sentiment. A short position in a put option written on Enovix Corp will generally make money when the underlying price is above the strike price. Therefore Enovix Corp's put payoff at expiration depends on where the Enovix Stock price is relative to the put option strike price. The breakeven price of 8.15 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 Enovix Corp's price. Finally, at the strike price of 12.5, the payoff chart is constant and positive.
   Profit   
       Enovix Corp Price At Expiration  
View All Enovix Corp Options

Enovix Corp Available Put Options

Enovix Corp's option chain is a display of a range of information that helps investors for ways to trade options on Enovix. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Enovix. It also shows strike prices and maturity days for a Enovix Corp 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
 Put
ENVX250110P0000500005.00.0 - 0.220.22Out
 Put
ENVX250110P0000600006.00.0 - 0.140.14Out
 Put
ENVX250110P0000700007.00.0 - 0.280.28Out
 Put
ENVX250110P0000800008.00.42 - 0.540.42Out
 Put
ENVX250110P0000900009.00.55 - 1.130.8Out
 Put
ENVX250110P00010000010.01.24 - 1.891.24In
 Put
ENVX250110P00011000011.01.92 - 2.271.92In
 Put
ENVX250110P00012000012.02.91 - 3.12.91In
 Put
ENVX250110P00012500012.52.83 - 3.952.83In
 Put
ENVX250110P00013000013.03.8 - 4.03.8In

Enovix Corp Corporate Management

James WilcoxVP MobilityProfile
Hongwei YanChief OfficerProfile
Kristin AtkinsVice MarketingProfile
Iryna RomanivVice ResourcesProfile
Charles AndersonFunctional RelationsProfile
Rob RosenSenior MaterialsProfile
Harrold RustCEO, CoFounderProfile

Additional Tools for Enovix Stock Analysis

When running Enovix Corp's price analysis, check to measure Enovix Corp'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 Enovix Corp is operating at the current time. Most of Enovix Corp's value examination focuses on studying past and present price action to predict the probability of Enovix Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enovix Corp's price. Additionally, you may evaluate how the addition of Enovix Corp to your portfolios can decrease your overall portfolio volatility.