GTES250221P00015000 Option on Gates Industrial

GTES Stock  USD 20.49  0.19  0.94%   
GTES250221P00015000 is a PUT option contract on Gates Industrial's common stock with a strick price of 15.0 expiring on 2025-02-21. The contract was not traded in recent days and, as of today, has 33 days remaining before the expiration. The option is currently trading at an ask price of $0.75. The implied volatility as of the 19th of January is 33.0.
  
When exercised, put options on Gates Industrial produce a short position in Gates Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Gates Industrial's downside price movement.

Rule 16 of 2025-02-21 Option Contract

The options market is anticipating that Gates Industrial will have an average daily up or down price movement of about 0.0605% per day over the life of the option. With Gates Industrial trading at USD 20.49, that is roughly USD 0.0124. If you think that the market is fully understating Gates Industrial's daily price movement you should consider buying Gates Industrial options at that current volatility level of 0.97%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put Option on Gates Industrial

An 'Out of The Money' option on Gates has a strike price that Gates 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 Gates Industrial's 'Out of The Money' options include buying the options if you expect a big move in Gates Industrial'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 NameGTES250221P00015000
Expires On2025-02-21
Days Before Expriration33
Vega0.011914
Gamma0.031486
Theoretical Value0.37
Open Interest57
Strike Price15.0
Last Traded At0.05
Current Price Spread0.0 | 0.75
Rule 16 Daily Up or DownUSD 0.0124

Gates short PUT Option Greeks

Gates Industrial's Option Greeks for the contract ending on 2025-02-21 at a strike price of 15.0 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 Gates Industrial's option greeks, its implied volatility helps estimate the risk of Gates Industrial stock implied by the prices of the options on Gates Industrial's stock.
Delta-0.112022
Gamma0.031486
Theta-0.016666
Vega0.011914
Rho-0.002279

Gates long PUT Option Payoff at expiration

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

Gates short PUT Option Payoff at expiration

By selling Gates Industrial's put option, the investors signal their bearish sentiment. A short position in a put option written on Gates Industrial will generally make money when the underlying price is above the strike price. Therefore Gates Industrial's put payoff at expiration depends on where the Gates Stock price is relative to the put option strike price. The breakeven price of 14.63 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 Gates Industrial's price. Finally, at the strike price of 15.0, the payoff chart is constant and positive.
   Profit   
       Gates Industrial Price At Expiration  
View All Gates Industrial Options

Gates Industrial Available Put Options

Gates Industrial's option chain is a display of a range of information that helps investors for ways to trade options on Gates. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Gates. It also shows strike prices and maturity days for a Gates Industrial 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
GTES250321P00019000019.00.0 - 0.90.9Out
 Put
GTES250321P00020000020.00.0 - 1.41.4Out
 Put
GTES250321P00021000021.01.0 - 1.751.0In
 Put
GTES250321P00022000022.01.25 - 2.551.25In
 Put
GTES250321P00023000023.01.25 - 3.21.25In
 Put
GTES250321P00024000024.03.3 - 4.33.3In
 Put
GTES250321P00025000025.03.9 - 5.73.9In
 Put
GTES250321P00026000026.05.4 - 6.35.4In
 Put
GTES250321P00027000027.04.9 - 8.44.9In
 Put
GTES250321P00028000028.07.2 - 9.27.2In

Gates Industrial Corporate Directors

Julia KahrNon-Executive Independent DirectorProfile
Terry KlebeNon-Executive Independent DirectorProfile
Molly ZhangNon-Executive Independent DirectorProfile
James IrelandNon-Executive Independent DirectorProfile

Additional Tools for Gates Stock Analysis

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