VIRT250117C00020000 Option on Virtu Financial
VIRT Stock | USD 36.36 0.58 1.62% |
VIRT250117C00020000 is a PUT option contract on Virtu Financial's common stock with a strick price of 20.0 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 $1.4, and an ask price of $2.4. The implied volatility as of the 6th of January is 11.0.
Virtu |
When exercised, put options on Virtu Financial produce a short position in Virtu Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Virtu Financial's downside price movement.
Rule 16 of 2025-01-17 Option Contract
The options market is anticipating that Virtu Financial will have an average daily up or down price movement of about 0.023% per day over the life of the option. With Virtu Financial trading at USD 36.36, that is roughly USD 0.008356. If you think that the market is fully understating Virtu Financial's daily price movement you should consider buying Virtu Financial options at that current volatility level of 0.37%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Call Option on Virtu Financial
An 'Out of The Money' option on Virtu has a strike price that Virtu 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 Virtu Financial's 'Out of The Money' options include buying the options if you expect a big move in Virtu Financial'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 | VIRT250117C00020000 |
Expires On | 2025-01-17 |
Days Before Expriration | 11 |
Delta | 0.433431 |
Vega | 0.0747 |
Gamma | 0.051988 |
Theoretical Value | 1.9 |
Open Interest | 75 |
Strike Price | 20.0 |
Current Price Spread | 1.4 | 2.4 |
Rule 16 Daily Up or Down | USD 0.008356 |
Virtu short PUT Option Greeks
Virtu Financial's Option Greeks for the contract ending on 2025-01-17 at a strike price of 20.0 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 Virtu Financial's option greeks, its implied volatility helps estimate the risk of Virtu Financial stock implied by the prices of the options on Virtu Financial's stock.
Delta | 0.433431 | |
Gamma | 0.051988 | |
Theta | -0.002709 | |
Vega | 0.0747 | |
Rho | 0.063671 |
Virtu long PUT Option Payoff at expiration
Put options written on Virtu Financial grant holders of the option the right to sell a specified amount of Virtu Financial 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 Virtu Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Virtu Financial is like buying insurance aginst Virtu Financial's downside shift.
Profit |
Virtu Financial Price At Expiration |
Virtu short PUT Option Payoff at expiration
By selling Virtu Financial's put option, the investors signal their bearish sentiment. A short position in a put option written on Virtu Financial will generally make money when the underlying price is above the strike price. Therefore Virtu Financial's put payoff at expiration depends on where the Virtu Stock price is relative to the put option strike price. The breakeven price of 21.9 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 Virtu Financial's price. Finally, at the strike price of 20.0, the payoff chart is constant and positive.
Profit |
Virtu Financial Price At Expiration |
Virtu Financial Available Call Options
Virtu Financial's option chain is a display of a range of information that helps investors for ways to trade options on Virtu. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Virtu. It also shows strike prices and maturity days for a Virtu Financial 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 | VIRT250117C00003000 | 0 | 3.0 | 12.0 - 17.0 | 12.0 | |
Call | VIRT250117C00005000 | 1 | 5.0 | 10.0 - 15.0 | 10.0 | Out |
Call | VIRT250117C00010000 | 0 | 10.0 | 5.7 - 9.9 | 5.7 | |
Call | VIRT250117C00013000 | 2 | 13.0 | 4.3 - 6.6 | 4.3 | Out |
Call | VIRT250117C00015000 | 26 | 15.0 | 3.7 - 4.0 | 3.69 | Out |
Call | VIRT250117C00018000 | 125 | 18.0 | 2.1 - 2.65 | 2.1 | Out |
Call | VIRT250117C00020000 | 75 | 20.0 | 1.4 - 2.4 | 1.4 | Out |
Call | VIRT250117C00022000 | 202 | 22.0 | 0.85 - 1.05 | 0.95 | Out |
Call | VIRT250117C00025000 | 266 | 25.0 | 0.45 - 0.6 | 0.45 | Out |
Call | VIRT250117C00027000 | 122 | 27.0 | 0.3 - 0.4 | 0.3 | Out |
Call | VIRT250117C00030000 | 3262 | 30.0 | 0.15 - 0.25 | 0.15 | Out |
Call | VIRT250117C00032000 | 35 | 32.0 | 0.05 - 0.2 | 0.05 | Out |
Call | VIRT250117C00035000 | 3412 | 35.0 | 0.0 - 0.3 | 0.3 | Out |
Virtu Financial Corporate Management
Justin Waldie | General VP | Profile | |
Justin JD | General VP | Profile | |
Stephen Sr | Executive Services | Profile | |
Cindy Lee | Chief Officer | Profile |
Additional Tools for Virtu Stock Analysis
When running Virtu Financial's price analysis, check to measure Virtu Financial'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 Virtu Financial is operating at the current time. Most of Virtu Financial's value examination focuses on studying past and present price action to predict the probability of Virtu Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Virtu Financial's price. Additionally, you may evaluate how the addition of Virtu Financial to your portfolios can decrease your overall portfolio volatility.