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.
Gates |
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 Name | GTES250221P00015000 |
Expires On | 2025-02-21 |
Days Before Expriration | 33 |
Vega | 0.011914 |
Gamma | 0.031486 |
Theoretical Value | 0.37 |
Open Interest | 57 |
Strike Price | 15.0 |
Last Traded At | 0.05 |
Current Price Spread | 0.0 | 0.75 |
Rule 16 Daily Up or Down | USD 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 | |
Gamma | 0.031486 | |
Theta | -0.016666 | |
Vega | 0.011914 | |
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 |
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 Int | Strike Price | Current Spread | Last Price | |||
Put | GTES250321P00019000 | 0 | 19.0 | 0.0 - 0.9 | 0.9 | |
Put | GTES250321P00020000 | 0 | 20.0 | 0.0 - 1.4 | 1.4 | |
Put | GTES250321P00021000 | 0 | 21.0 | 1.0 - 1.75 | 1.0 | In |
Put | GTES250321P00022000 | 0 | 22.0 | 1.25 - 2.55 | 1.25 | In |
Put | GTES250321P00023000 | 0 | 23.0 | 1.25 - 3.2 | 1.25 | In |
Put | GTES250321P00024000 | 0 | 24.0 | 3.3 - 4.3 | 3.3 | In |
Put | GTES250321P00025000 | 0 | 25.0 | 3.9 - 5.7 | 3.9 | In |
Put | GTES250321P00026000 | 0 | 26.0 | 5.4 - 6.3 | 5.4 | In |
Put | GTES250321P00027000 | 0 | 27.0 | 4.9 - 8.4 | 4.9 | In |
Put | GTES250321P00028000 | 0 | 28.0 | 7.2 - 9.2 | 7.2 | In |
Gates Industrial Corporate Directors
Julia Kahr | Non-Executive Independent Director | Profile | |
Terry Klebe | Non-Executive Independent Director | Profile | |
Molly Zhang | Non-Executive Independent Director | Profile | |
James Ireland | Non-Executive Independent Director | Profile |
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.