NXST250221P00120000 Option on Nexstar Broadcasting
NXST Stock | USD 160.83 1.54 0.97% |
NXST250221P00120000 is a PUT option contract on Nexstar Broadcasting's common stock with a strick price of 120.0 expiring on 2025-02-21. The contract was not traded in recent days and, as of today, has 47 days remaining before the expiration. The option is currently trading at a bid price of $2.6, and an ask price of $6.5. The implied volatility as of the 5th of January is 47.0.
Nexstar |
When exercised, put options on Nexstar Broadcasting produce a short position in Nexstar Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Nexstar Broadcasting's downside price movement.
Rule 16 of 2025-02-21 Option Contract
The options market is anticipating that Nexstar Broadcasting Group will have an average daily up or down price movement of about 0.0239% per day over the life of the option. With Nexstar Broadcasting trading at USD 160.83, that is roughly USD 0.0384. If you think that the market is fully understating Nexstar Broadcasting's daily price movement you should consider buying Nexstar Broadcasting Group options at that current volatility level of 0.38%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on Nexstar Broadcasting
An 'Out of The Money' option on Nexstar has a strike price that Nexstar 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 Nexstar Broadcasting's 'Out of The Money' options include buying the options if you expect a big move in Nexstar Broadcasting'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 | NXST250221P00120000 |
Expires On | 2025-02-21 |
Days Before Expriration | 47 |
Vega | 0.299718 |
Gamma | 0.004867 |
Theoretical Value | 4.55 |
Open Interest | 0 |
Strike Price | 120.0 |
Current Price Spread | 2.6 | 6.5 |
Rule 16 Daily Up or Down | USD 0.0384 |
Nexstar short PUT Option Greeks
Nexstar Broadcasting's Option Greeks for the contract ending on 2025-02-21 at a strike price of 120.0 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 Nexstar Broadcasting's option greeks, its implied volatility helps estimate the risk of Nexstar Broadcasting stock implied by the prices of the options on Nexstar Broadcasting's stock.
Delta | -0.154193 | |
Gamma | 0.004867 | |
Theta | -0.022122 | |
Vega | 0.299718 | |
Rho | -0.171166 |
Nexstar long PUT Option Payoff at expiration
Put options written on Nexstar Broadcasting grant holders of the option the right to sell a specified amount of Nexstar Broadcasting 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 Nexstar Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Nexstar Broadcasting is like buying insurance aginst Nexstar Broadcasting's downside shift.
Profit |
Nexstar Broadcasting Price At Expiration |
Nexstar short PUT Option Payoff at expiration
By selling Nexstar Broadcasting's put option, the investors signal their bearish sentiment. A short position in a put option written on Nexstar Broadcasting will generally make money when the underlying price is above the strike price. Therefore Nexstar Broadcasting's put payoff at expiration depends on where the Nexstar Stock price is relative to the put option strike price. The breakeven price of 115.45 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 Nexstar Broadcasting's price. Finally, at the strike price of 120.0, the payoff chart is constant and positive.
Profit |
Nexstar Broadcasting Price At Expiration |
Nexstar Broadcasting Available Put Options
Nexstar Broadcasting's option chain is a display of a range of information that helps investors for ways to trade options on Nexstar. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Nexstar. It also shows strike prices and maturity days for a Nexstar Broadcasting 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 | NXST250117P00115000 | 0 | 115.0 | 0.0 - 2.5 | 2.5 | |
Put | NXST250117P00120000 | 0 | 120.0 | 0.0 - 2.65 | 2.65 | |
Put | NXST250117P00125000 | 0 | 125.0 | 0.0 - 2.8 | 2.8 | |
Put | NXST250117P00130000 | 0 | 130.0 | 0.0 - 3.0 | 3.0 | |
Put | NXST250117P00135000 | 0 | 135.0 | 0.0 - 3.3 | 3.3 | |
Put | NXST250117P00140000 | 0 | 140.0 | 0.0 - 3.8 | 3.8 | |
Put | NXST250117P00145000 | 0 | 145.0 | 0.25 - 4.3 | 0.25 | |
Put | NXST250117P00150000 | 0 | 150.0 | 1.15 - 5.0 | 3.08 | |
Put | NXST250117P00155000 | 0 | 155.0 | 2.3 - 6.3 | 2.3 | |
Put | NXST250117P00160000 | 0 | 160.0 | 3.8 - 7.7 | 3.8 |
Nexstar Broadcasting Corporate Management
Rachel Morgan | General VP | Profile | |
Lindsey Harmon | Senior Counsel | Profile | |
Terri Bush | Senior Counsel | Profile | |
Todd Braverman | Executive Sales | Profile | |
JD Esq | Pres Network | Profile | |
Bill Mondora | Washington Chief | Profile | |
Jerry Walsh | Senior Development | Profile |
Additional Tools for Nexstar Stock Analysis
When running Nexstar Broadcasting's price analysis, check to measure Nexstar Broadcasting'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 Nexstar Broadcasting is operating at the current time. Most of Nexstar Broadcasting's value examination focuses on studying past and present price action to predict the probability of Nexstar Broadcasting's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexstar Broadcasting's price. Additionally, you may evaluate how the addition of Nexstar Broadcasting to your portfolios can decrease your overall portfolio volatility.