PRK250321C00194500 Option on Park National
PRK Stock | USD 154.35 0.06 0.04% |
PRK250321C00194500 is a PUT option contract on Park National's common stock with a strick price of 194.5 expiring on 2025-03-21. The contract was not traded in recent days and, as of today, has 2 days remaining before the expiration. The option is currently trading at an ask price of $4.8. The implied volatility as of the 19th of March is 2.0.
Park |
When exercised, put options on Park National produce a short position in Park Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Park National's downside price movement.
Rule 16 of 2025-03-21 Option Contract
The options market is anticipating that Park National will have an average daily up or down price movement of about 0.0442% per day over the life of the option. With Park National trading at USD 154.35, that is roughly USD 0.0683. If you think that the market is fully understating Park National's daily price movement you should consider buying Park National options at that current volatility level of 0.71%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Call Option on Park National
An 'Out of The Money' option on Park has a strike price that Park 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 Park National's 'Out of The Money' options include buying the options if you expect a big move in Park National'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 Name | PRK250321C00194500 |
Expires On | 2025-03-21 |
Days Before Expriration | 2 |
Delta | 0.181265 |
Vega | 0.097333 |
Gamma | 0.010076 |
Theoretical Value | 2.4 |
Open Interest | 10 |
Strike Price | 194.5 |
Current Price Spread | 0.0 | 4.8 |
Rule 16 Daily Up or Down | USD 0.0683 |
Park short PUT Option Greeks
Park National's Option Greeks for the contract ending on 2025-03-21 at a strike price of 194.5 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 Park National's option greeks, its implied volatility helps estimate the risk of Park National stock implied by the prices of the options on Park National's stock.
Delta | 0.181265 | |
Gamma | 0.010076 | |
Theta | -0.19251 | |
Vega | 0.097333 | |
Rho | 0.01369 |
Park long PUT Option Payoff at expiration
Put options written on Park National grant holders of the option the right to sell a specified amount of Park National 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 Park Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Park National is like buying insurance aginst Park National's downside shift.
Profit |
Park National Price At Expiration |
Park short PUT Option Payoff at expiration
By selling Park National's put option, the investors signal their bearish sentiment. A short position in a put option written on Park National will generally make money when the underlying price is above the strike price. Therefore Park National's put payoff at expiration depends on where the Park Stock price is relative to the put option strike price. The breakeven price of 196.9 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 Park National's price. Finally, at the strike price of 194.5, the payoff chart is constant and positive.
Profit |
Park National Price At Expiration |
Park National Available Call Options
Park National's option chain is a display of a range of information that helps investors for ways to trade options on Park. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Park. It also shows strike prices and maturity days for a Park National 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 | |||
Call | PRK250620C00219500 | 0 | 219.5 | 0.0 - 1.9 | 1.9 | |
Call | PRK250620C00209500 | 0 | 209.5 | 0.0 - 4.8 | 4.8 | |
Call | PRK250620C00199500 | 0 | 199.5 | 0.0 - 3.8 | 3.8 | |
Call | PRK250620C00194500 | 0 | 194.5 | 0.0 - 4.2 | 4.2 | |
Call | PRK250620C00189500 | 0 | 189.5 | 0.05 - 8.3 | 0.05 | |
Call | PRK250620C00184500 | 0 | 184.5 | 0.05 - 8.2 | 0.05 | |
Call | PRK250620C00179500 | 0 | 179.5 | 1.0 - 8.6 | 1.0 | |
Call | PRK250620C00174500 | 0 | 174.5 | 3.0 - 9.9 | 3.0 | |
Call | PRK250620C00169500 | 0 | 169.5 | 5.2 - 12.4 | 5.2 | |
Call | PRK250620C00164500 | 0 | 164.5 | 8.0 - 16.3 | 8.0 |
Park National Corporate Directors
Julia Sloat | Independent Director | Profile | |
Stephen Kambeitz | Independent Director | Profile | |
Mark Ramser | Independent Director | Profile | |
C DeLawder | Independent Director | Profile |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Park National. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Park Stock please use our How to buy in Park Stock guide.You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Park National. If investors know Park will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Park National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.571 | Dividend Share 4.24 | Earnings Share 9.33 | Revenue Per Share | Quarterly Revenue Growth 0.2 |
The market value of Park National is measured differently than its book value, which is the value of Park that is recorded on the company's balance sheet. Investors also form their own opinion of Park National's value that differs from its market value or its book value, called intrinsic value, which is Park National's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Park National's market value can be influenced by many factors that don't directly affect Park National's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Park National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Park National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Park National's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.