SAR250117C00022150 Option on Saratoga Investment Corp

SAR Stock  USD 24.21  0.01  0.04%   
SAR250117C00022150 is a PUT option contract on Saratoga Investment's common stock with a strick price of 22.15 expiring on 2025-01-17. The contract was not traded in recent days and, as of today, has 9 days remaining before the expiration. The option is currently trading at a bid price of $0.2, and an ask price of $3.3. The implied volatility as of the 8th of January is 9.0.
  
When exercised, put options on Saratoga Investment produce a short position in Saratoga Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Saratoga Investment's downside price movement.

Rule 16 of 2025-01-17 Option Contract

The options market is anticipating that Saratoga Investment Corp will have an average daily up or down price movement of about 0.05% per day over the life of the option. With Saratoga Investment trading at USD 24.21, that is roughly USD 0.0121. If you think that the market is fully understating Saratoga Investment's daily price movement you should consider buying Saratoga Investment Corp options at that current volatility level of 0.8%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

In The Money Call Option on Saratoga Investment

An 'In The Money' option is one with a strike price that the current stock price has already surpassed. Some options investors can hedge their Saratoga Investment positions using in-the-money options. They may also want to buy options with some intrinsic value, not just time value. However, because in-the-money options on Saratoga Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
Call Contract NameSAR250117C00022150
Expires On2025-01-17
Days Before Expriration9
Delta0.642133
Vega0.029848
Gamma0.056907
Theoretical Value3.3
Open Interest92
Strike Price22.15
Last Traded At2.66
Current Price Spread0.2 | 3.3
Rule 16 Daily Up or DownUSD 0.0121

Saratoga short PUT Option Greeks

Saratoga Investment's Option Greeks for the contract ending on 2025-01-17 at a strike price of 22.15 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 Saratoga Investment's option greeks, its implied volatility helps estimate the risk of Saratoga Investment stock implied by the prices of the options on Saratoga Investment's stock.
Delta0.642133
Gamma0.056907
Theta-0.023682
Vega0.029848
Rho0.010923

Saratoga long PUT Option Payoff at expiration

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

Saratoga short PUT Option Payoff at expiration

By selling Saratoga Investment's put option, the investors signal their bearish sentiment. A short position in a put option written on Saratoga Investment will generally make money when the underlying price is above the strike price. Therefore Saratoga Investment's put payoff at expiration depends on where the Saratoga Stock price is relative to the put option strike price. The breakeven price of 25.45 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 Saratoga Investment's price. Finally, at the strike price of 22.15, the payoff chart is constant and positive.
   Profit   
       Saratoga Investment Price At Expiration  
View All Saratoga Investment Options

Saratoga Investment Corp Available Call Options

Saratoga Investment's option chain is a display of a range of information that helps investors for ways to trade options on Saratoga. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Saratoga. It also shows strike prices and maturity days for a Saratoga Investment 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
SAR250117C00012500012.510.0 - 14.910.0In
Call
SAR250117C00012150012.159.6 - 14.29.6In
Call
SAR250117C00015000015.07.5 - 12.47.5In
Call
SAR250117C00014650014.657.9 - 11.77.9In
Call
SAR250117C00017500017.55.0 - 9.95.0In
Call
SAR250117C00020000020.02.5 - 7.32.5In
Call
SAR250117C00022500022.50.1 - 4.90.1In
Call
SAR250117C000221509222.150.2 - 3.32.66In
Call
SAR250117C00025000025.00.0 - 4.84.8Out
Call
SAR250117C00030000030.00.0 - 4.84.8Out
Call
SAR250117C00035000035.00.0 - 4.84.8Out

Saratoga Investment Corporate Directors

Steven LooneyIndependent DirectorProfile
Cabell WilliamsIndependent DirectorProfile
Charles WhitmanIndependent DirectorProfile
Paul WestManaging DirectorProfile

Additional Tools for Saratoga Stock Analysis

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