2024-05-17 PUT at $200.0 Option on STERIS plc
| STE Stock | USD 236.00 3.44 1.48% |
2024-05-17 PUT at $200.0 is a PUT option contract on STERIS Plc's common stock with a strick price of 200.0 expiring on 2024-05-17. The contract was last traded on 2024-05-14 at 10:40:53 for $0.05 and, as of today, has 2 days remaining before the expiration. The option is currently trading at a bid price of $0.0, and an ask price of $0.7. The implied volatility as of the 15th of May 2024 is 95.65.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in STERIS plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade STERIS Stock refer to our How to Trade STERIS Stock guide.
STERIS |
A put option written on STERIS Plc becomes more valuable as the price of STERIS Plc drops. Conversely, STERIS Plc's put option loses its value as STERIS Stock rises. When exercised, put options on STERIS Plc produce a short position in STERIS Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on STERIS Plc's downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that STERIS plc will have an average daily up or down price movement of about 5.98% per day over the life of the option. With STERIS Plc trading at USD 236.0, that is roughly USD 14.11. If you think that the market is fully understating STERIS Plc's daily price movement you should consider buying STERIS plc options at that current volatility level of 95.65%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on STERIS Plc
An 'Out of The Money' option on STERIS has a strike price that STERIS 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 STERIS Plc's 'Out of The Money' options include buying the options if you expect a big move in STERIS Plc'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 | 2024-05-17 PUT at $200.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 2 |
| Last Traded On | 2024-05-14 10:40:53 |
| Contract Period | MONTHLY |
| Open Interest | 1708 |
| Current Trading Volume | 1.0 |
| Strike Price | 200.0 |
| Last Traded At | 0.05 |
| Current Price Spread | 0.0 | 0.7 |
| Rule 16 Daily Up or Down | USD14.11 |
STERIS short PUT Option Greeks
STERIS Plc's Option Greeks for the contract ending on 2024-05-17 at a strike price of 200.0 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 STERIS Plc's option greeks, its implied volatility helps estimate the risk of STERIS Plc stock implied by the prices of the options on STERIS Plc's stock.
| Delta | -0.0088 | |
| Gamma | 0.0014 | |
| Theta | -0.0989 | |
| Vega | 0.0041 | |
| Rho | -1.0E-4 |
STERIS long PUT Option Payoff at expiration
Put options written on STERIS Plc grant holders of the option the right to sell a specified amount of STERIS Plc 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 STERIS Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on STERIS Plc is like buying insurance aginst STERIS Plc's downside shift.
Profit |
| STERIS Plc Price At Expiration |
STERIS short PUT Option Payoff at expiration
By selling STERIS Plc's put option, the investors signal their bearish sentiment. A short position in a put option written on STERIS Plc will generally make money when the underlying price is above the strike price. Therefore STERIS Plc's put payoff at expiration depends on where the STERIS Stock price is relative to the put option strike price. The breakeven price of 199.95 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 STERIS Plc's price. Finally, at the strike price of 200.0, the payoff chart is constant and positive.
Profit |
| STERIS Plc Price At Expiration |
STERIS plc Available Put Options
STERIS Plc's option chain is a display of a range of information that helps investors for ways to trade options on STERIS. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for STERIS. It also shows strike prices and maturity days for a STERIS Plc 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.
| Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Put | 2024-05-17 PUT at $200.0 | -0.0088 | 0.0014 | 1708 | 2024-05-17 | 0.0 - 0.7 | 0.05 | Out |
Put | 2024-05-17 PUT at $220.0 | -0.0173 | 0.0054 | 26 | 2024-05-17 | 0.0 - 0.55 | 0.05 | Out |
Put | 2024-05-17 PUT at $240.0 | -0.7632 | 0.0573 | 8 | 2024-05-17 | 3.8 - 5.6 | 15.0 | In |
Put | 2024-05-17 PUT at $250.0 | -0.8763 | 0.0178 | 0 | 2024-05-17 | 12.8 - 16.5 | 0.0 | In |
Put | 2024-05-17 PUT at $260.0 | -0.9434 | 0.0081 | 0 | 2024-05-17 | 22.2 - 26.4 | 0.0 | In |
Put | 2024-05-17 PUT at $270.0 | -0.8618 | 0.008 | 0 | 2024-05-17 | 32.0 - 35.8 | 0.0 | In |
Put | 2024-05-17 PUT at $280.0 | -0.9655 | 0.0035 | 0 | 2024-05-17 | 42.0 - 46.5 | 0.0 | In |
Put | 2024-05-17 PUT at $290.0 | -0.9697 | 0.0027 | 0 | 2024-05-17 | 52.0 - 56.5 | 0.0 | In |
Put | 2024-05-17 PUT at $300.0 | -0.9691 | 0.0024 | 0 | 2024-05-17 | 62.1 - 66.5 | 0.0 | In |
Put | 2024-05-17 PUT at $310.0 | -0.9717 | 0.002 | 0 | 2024-05-17 | 72.1 - 76.5 | 0.0 | In |
Put | 2024-05-17 PUT at $320.0 | -0.9768 | 0.0016 | 0 | 2024-05-17 | 82.0 - 86.5 | 0.0 | In |
Put | 2024-05-17 PUT at $330.0 | -0.9754 | 0.0015 | 0 | 2024-05-17 | 92.1 - 96.5 | 0.0 | In |
Put | 2024-05-17 PUT at $340.0 | -0.9856 | 0.001 | 0 | 2024-05-17 | 102.0 - 106.3 | 0.0 | In |
Put | 2024-05-17 PUT at $350.0 | -0.9754 | 0.0013 | 0 | 2024-05-17 | 112.2 - 116.5 | 0.0 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in STERIS Plc without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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STERIS Plc Corporate Directors
STERIS Plc corporate directors refer to members of a STERIS Plc board of directors. The board of directors generally takes responsibility for the STERIS Plc's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of STERIS Plc's board members must vote for the resolution. The STERIS Plc board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Richard Breeden | Independent Director | Profile | |
| Michael Wood | Independent Director | Profile | |
| Paul Martin | Independent Director | Profile | |
| Jacqueline Kosecoff | Independent Director | Profile |
Already Invested in STERIS plc?
The danger of trading STERIS plc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of STERIS Plc is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than STERIS Plc. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile STERIS plc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether STERIS plc is a strong investment it is important to analyze STERIS Plc's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact STERIS Plc's future performance. For an informed investment choice regarding STERIS Stock, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in STERIS plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade STERIS Stock refer to our How to Trade STERIS Stock guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
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When running STERIS Plc's price analysis, check to measure STERIS Plc'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 STERIS Plc is operating at the current time. Most of STERIS Plc's value examination focuses on studying past and present price action to predict the probability of STERIS Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move STERIS Plc's price. Additionally, you may evaluate how the addition of STERIS Plc to your portfolios can decrease your overall portfolio volatility.
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Is STERIS Plc's industry 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 STERIS Plc. If investors know STERIS 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 STERIS Plc 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 0.145 | Dividend Share 2.03 | Earnings Share 5.55 | Revenue Per Share 52.018 | Quarterly Revenue Growth 0.025 |
The market value of STERIS plc is measured differently than its book value, which is the value of STERIS that is recorded on the company's balance sheet. Investors also form their own opinion of STERIS Plc's value that differs from its market value or its book value, called intrinsic value, which is STERIS Plc'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 STERIS Plc's market value can be influenced by many factors that don't directly affect STERIS Plc'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 STERIS Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if STERIS Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, STERIS Plc'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.