GT250117C00003000 Option on Goodyear Tire Rubber

GT Stock  USD 8.62  0.21  2.38%   
GT250117C00003000 is a PUT option contract on Goodyear Tire's common stock with a strick price of 3.0 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 $9.4, and an ask price of $9.9. The implied volatility as of the 7th of January is 10.0.
  
When exercised, put options on Goodyear Tire produce a short position in Goodyear Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Goodyear Tire's downside price movement.

Rule 16 of 2025-01-17 Option Contract

The options market is anticipating that Goodyear Tire Rubber will have an average daily up or down price movement of about 0.0619% per day over the life of the option. With Goodyear Tire trading at USD 8.62, that is roughly USD 0.005335. If you think that the market is fully understating Goodyear Tire's daily price movement you should consider buying Goodyear Tire Rubber options at that current volatility level of 0.99%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Call Option on Goodyear Tire

An 'Out of The Money' option on Goodyear has a strike price that Goodyear 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 Goodyear Tire's 'Out of The Money' options include buying the options if you expect a big move in Goodyear Tire'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.
Call Contract NameGT250117C00003000
Expires On2025-01-17
Days Before Expriration10
Delta0.966827
Vega0.006859
Gamma0.004061
Theoretical Value9.65
Open Interest74
Strike Price3.0
Current Price Spread9.4 | 9.9
Rule 16 Daily Up or DownUSD 0.005335

Goodyear short PUT Option Greeks

Goodyear Tire's Option Greeks for the contract ending on 2025-01-17 at a strike price of 3.0 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 Goodyear Tire's option greeks, its implied volatility helps estimate the risk of Goodyear Tire stock implied by the prices of the options on Goodyear Tire's stock.
Delta0.966827
Gamma0.004061
Theta-4.65E-4
Vega0.006859
Rho0.009634

Goodyear long PUT Option Payoff at expiration

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

Goodyear short PUT Option Payoff at expiration

By selling Goodyear Tire's put option, the investors signal their bearish sentiment. A short position in a put option written on Goodyear Tire will generally make money when the underlying price is above the strike price. Therefore Goodyear Tire's put payoff at expiration depends on where the Goodyear Stock price is relative to the put option strike price. The breakeven price of 12.65 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 Goodyear Tire's price. Finally, at the strike price of 3.0, the payoff chart is constant and positive.
   Profit   
       Goodyear Tire Price At Expiration  
View All Goodyear Tire Options

Goodyear Tire Rubber Available Call Options

Goodyear Tire's option chain is a display of a range of information that helps investors for ways to trade options on Goodyear. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Goodyear. It also shows strike prices and maturity days for a Goodyear Tire 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
Call
GT250117C00003000743.09.4 - 9.99.4Out
Call
GT250117C000050003135.07.8 - 8.17.8Out
Call
GT250117C000080003398.05.4 - 5.75.4Out
Call
GT250117C0001000071410.04.1 - 4.34.2Out
Call
GT250117C0001200078612.03.0 - 3.23.03Out
Call
GT250117C00015000223115.01.85 - 2.01.85Out
Call
GT250117C00017000125617.01.3 - 1.451.3Out
Call
GT250117C00020000135520.00.75 - 0.850.75Out
Call
GT250117C0002200093222.00.5 - 0.650.56Out
Call
GT250117C0002500039425.00.3 - 0.40.3Out
Call
GT250117C000270005827.00.2 - 0.30.2Out
Call
GT250117C000300004430.00.1 - 0.20.1Out

Goodyear Tire Corporate Executives

Elected by the shareholders, the Goodyear Tire's board of directors comprises two types of representatives: Goodyear Tire inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Goodyear. The board's role is to monitor Goodyear Tire's management team and ensure that shareholders' interests are well served. Goodyear Tire's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Goodyear Tire's outside directors are responsible for providing unbiased perspectives on the board's policies.

Additional Tools for Goodyear Stock Analysis

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