SKLZ250117P00010000 Option on Skillz Platform
SKLZ Stock | USD 5.52 0.34 6.56% |
SKLZ250117P00010000 is a PUT option contract on Skillz Platform's common stock with a strick price of 10.0 expiring on 2025-01-17. The contract was not traded in recent days and, as of today, has 11 days remaining before the expiration. The option is currently trading at a bid price of $5.55, and an ask price of $5.95. The implied volatility as of the 6th of January is 11.0.
Skillz |
A put option written on Skillz Platform becomes more valuable as the price of Skillz Platform drops. Conversely, Skillz Platform's put option loses its value as Skillz Stock rises.
Rule 16 of 2025-01-17 Option Contract
The options market is anticipating that Skillz Platform will have an average daily up or down price movement of about 0.0583% per day over the life of the option. With Skillz Platform trading at USD 5.52, that is roughly USD 0.003219. If you think that the market is fully understating Skillz Platform's daily price movement you should consider buying Skillz Platform options at that current volatility level of 0.93%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on Skillz Platform
An 'Out of The Money' option on Skillz has a strike price that Skillz 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 Skillz Platform's 'Out of The Money' options include buying the options if you expect a big move in Skillz Platform'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 | SKLZ250117P00010000 |
Expires On | 2025-01-17 |
Days Before Expriration | 11 |
Vega | 0.021211 |
Gamma | 0.07999 |
Theoretical Value | 5.75 |
Open Interest | 108 |
Strike Price | 10.0 |
Current Price Spread | 5.55 | 5.95 |
Rule 16 Daily Up or Down | USD 0.003219 |
Skillz short PUT Option Greeks
Skillz Platform's Option Greeks for the contract ending on 2025-01-17 at a strike price of 10.0 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 Skillz Platform's option greeks, its implied volatility helps estimate the risk of Skillz Platform stock implied by the prices of the options on Skillz Platform's stock.
Delta | -0.572927 | |
Gamma | 0.07999 | |
Theta | -0.001427 | |
Vega | 0.021211 | |
Rho | -0.056235 |
Skillz long PUT Option Payoff at expiration
Put options written on Skillz Platform grant holders of the option the right to sell a specified amount of Skillz Platform 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 Skillz Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Skillz Platform is like buying insurance aginst Skillz Platform's downside shift.
Profit |
Skillz Platform Price At Expiration |
Skillz short PUT Option Payoff at expiration
By selling Skillz Platform's put option, the investors signal their bearish sentiment. A short position in a put option written on Skillz Platform will generally make money when the underlying price is above the strike price. Therefore Skillz Platform's put payoff at expiration depends on where the Skillz Stock price is relative to the put option strike price. The breakeven price of 4.25 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 Skillz Platform's price. Finally, at the strike price of 10.0, the payoff chart is constant and positive.
Profit |
Skillz Platform Price At Expiration |
Skillz Platform Available Put Options
Skillz Platform's option chain is a display of a range of information that helps investors for ways to trade options on Skillz. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Skillz. It also shows strike prices and maturity days for a Skillz Platform 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 | SKLZ1250117P00000500 | 929 | 0.5 | 0.07 - 0.49 | 0.07 | Out |
Put | SKLZ1250117P00001000 | 673 | 1.0 | 0.55 - 0.96 | 0.55 | Out |
Put | SKLZ1250117P00001500 | 16 | 1.5 | 1.04 - 1.45 | 1.04 | Out |
Put | SKLZ1250117P00002000 | 0 | 2.0 | 1.54 - 1.95 | 1.54 | |
Put | SKLZ1250117P00002500 | 25 | 2.5 | 2.0 - 2.5 | 2.0 | Out |
Put | SKLZ250117P00002500 | 2 | 2.5 | 0.33 - 0.44 | 0.43 | Out |
Put | SKLZ250117P00005000 | 54 | 5.0 | 1.69 - 1.83 | 1.8 | Out |
Put | SKLZ250117P00007000 | 48 | 7.0 | 3.05 - 3.35 | 3.25 | Out |
Put | SKLZ250117P00010000 | 108 | 10.0 | 5.55 - 5.95 | 5.55 | Out |
Put | SKLZ250117P00012000 | 502 | 12.0 | 7.3 - 7.8 | 7.3 | Out |
Put | SKLZ250117P00015000 | 86 | 15.0 | 10.1 - 10.55 | 10.1 | Out |
Put | SKLZ250117P00020000 | 1 | 20.0 | 13.8 - 16.45 | 13.8 | Out |
Skillz Platform Corporate Management
Christopher Gaffney | Independent Director | Profile | |
Stefan Gerhard | VP Fin | Profile | |
Stanley Mbugua | Chief Accounting Officer | Profile | |
Charlotte Edelman | General Counsel and Corporate Secretary | Profile | |
Vandana Krantz | Independent Director | Profile |
Additional Tools for Skillz Stock Analysis
When running Skillz Platform's price analysis, check to measure Skillz Platform'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 Skillz Platform is operating at the current time. Most of Skillz Platform's value examination focuses on studying past and present price action to predict the probability of Skillz Platform's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skillz Platform's price. Additionally, you may evaluate how the addition of Skillz Platform to your portfolios can decrease your overall portfolio volatility.