FCFS250321P00080000 Option on FirstCash

FCFS Stock  USD 112.28  1.31  1.18%   
FCFS250321P00080000 is a PUT option contract on FirstCash's common stock with a strick price of 80.0 expiring on 2025-03-21. The contract was not traded in recent days and, as of today, has 19 days remaining before the expiration. The option is currently trading at an ask price of $2.15. The implied volatility as of the 2nd of March is 19.0.
  
When exercised, put options on FirstCash produce a short position in FirstCash Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on FirstCash's downside price movement.

Rule 16 of 2025-03-21 Option Contract

The options market is anticipating that FirstCash will have an average daily up or down price movement of about 0.0691% per day over the life of the option. With FirstCash trading at USD 112.28, that is roughly USD 0.0776. If you think that the market is fully understating FirstCash's daily price movement you should consider buying FirstCash options at that current volatility level of 1.11%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put Option on FirstCash

An 'Out of The Money' option on FirstCash has a strike price that FirstCash 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 FirstCash's 'Out of The Money' options include buying the options if you expect a big move in FirstCash'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 NameFCFS250321P00080000
Expires On2025-03-21
Days Before Expriration19
Vega0.036927
Gamma0.004832
Theoretical Value1.08
Open Interest40
Strike Price80.0
Last Traded At0.13
Current Price Spread0.0 | 2.15
Rule 16 Daily Up or DownUSD 0.0776

FirstCash short PUT Option Greeks

FirstCash's Option Greeks for the contract ending on 2025-03-21 at a strike price of 80.0 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 FirstCash's option greeks, its implied volatility helps estimate the risk of FirstCash stock implied by the prices of the options on FirstCash's stock.
Delta-0.074275
Gamma0.004832
Theta-0.101377
Vega0.036927
Rho-0.004773

FirstCash long PUT Option Payoff at expiration

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

FirstCash short PUT Option Payoff at expiration

By selling FirstCash's put option, the investors signal their bearish sentiment. A short position in a put option written on FirstCash will generally make money when the underlying price is above the strike price. Therefore FirstCash's put payoff at expiration depends on where the FirstCash Stock price is relative to the put option strike price. The breakeven price of 78.92 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 FirstCash's price. Finally, at the strike price of 80.0, the payoff chart is constant and positive.
   Profit   
       FirstCash Price At Expiration  
View All FirstCash Options

FirstCash Available Put Options

FirstCash's option chain is a display of a range of information that helps investors for ways to trade options on FirstCash. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for FirstCash. It also shows strike prices and maturity days for a FirstCash 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
FCFS250417P0011000010110.01.25 - 5.51.55Out
 Put
FCFS250417P001250000125.011.4 - 15.511.4In
 Put
FCFS250417P001300000130.015.8 - 20.315.8In
 Put
FCFS250417P001350000135.021.0 - 25.121.0In
 Put
FCFS250417P001400000140.026.0 - 30.226.0In
 Put
FCFS250417P001450000145.031.0 - 35.131.0In
 Put
FCFS250417P001500000150.035.9 - 40.135.9In
 Put
FCFS250417P001550000155.041.0 - 45.141.0In
 Put
FCFS250417P001600000160.046.0 - 50.046.0In
 Put
FCFS250417P001650000165.050.9 - 55.150.9In
 Put
FCFS250417P001700000170.055.9 - 60.155.9In

FirstCash Corporate Management

Raul RamosSr. VP of Latin American OperationsProfile
Sean MooreSr. VP of Store Devel. and FacilitiesProfile
Gar JacksonInvestor Relations OfficerProfile
Peter JDSenior RelationsProfile

Additional Tools for FirstCash Stock Analysis

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