2024-09-27 PUT at $32.0 Option on GameStop Corp
GME Stock | USD 21.85 2.34 11.99% |
2024-09-27 PUT at $32.0 is a PUT option contract on GameStop Corp's common stock with a strick price of 32.0 expiring on 2024-09-27. The contract was last traded for $12.19 and, as of today, has 6 days remaining before the expiration. The option is currently trading at a bid price of $8.55, and an ask price of $12.0. The implied volatility as of the 21st of September is 167.57.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GameStop Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. For information on how to trade GameStop Stock refer to our How to Trade GameStop Stock guide.
GameStop |
A put option written on GameStop Corp becomes more valuable as the price of GameStop Corp drops. Conversely, GameStop Corp's put option loses its value as GameStop Stock rises. When exercised, put options on GameStop Corp produce a short position in GameStop Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on GameStop Corp's downside price movement.
Rule 16 of 2024-09-27 Option Contract
The options market is anticipating that GameStop Corp will have an average daily up or down price movement of about 10.47% per day over the life of the option. With GameStop Corp trading at USD 21.85, that is roughly USD 2.29. If you think that the market is fully understating GameStop Corp's daily price movement you should consider buying GameStop Corp options at that current volatility level of 167.57%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Put Option on GameStop Corp
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 GameStop Corp 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 GameStop Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
Put Contract Name | 2024-09-27 PUT at $32.0 |
Expires On | 2024-09-27 |
Days Before Expriration | 6 |
Last Traded On | 0000-00-00 00:00:00 |
Contract Period | WEEKLY |
Open Interest | 1 |
Current Trading Volume | 0.0 |
Strike Price | 32.0 |
Last Traded At | 12.19 |
Current Price Spread | 8.55 | 12.0 |
Rule 16 Daily Up or Down | USD2.29 |
GameStop short PUT Option Greeks
GameStop Corp's Option Greeks for the contract ending on 2024-09-27 at a strike price of 32.0 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 GameStop Corp's option greeks, its implied volatility helps estimate the risk of GameStop Corp stock implied by the prices of the options on GameStop Corp's stock.
Delta | -0.9362 | |
Gamma | 0.0244 | |
Theta | -0.0444 | |
Vega | 0.0037 | |
Rho | -0.0041 |
GameStop long PUT Option Payoff at expiration
Put options written on GameStop Corp grant holders of the option the right to sell a specified amount of GameStop Corp 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 GameStop Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on GameStop Corp is like buying insurance aginst GameStop Corp's downside shift.
Profit |
GameStop Corp Price At Expiration |
GameStop short PUT Option Payoff at expiration
By selling GameStop Corp's put option, the investors signal their bearish sentiment. A short position in a put option written on GameStop Corp will generally make money when the underlying price is above the strike price. Therefore GameStop Corp's put payoff at expiration depends on where the GameStop Stock price is relative to the put option strike price. The breakeven price of 21.72 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 GameStop Corp's price. Finally, at the strike price of 32.0, the payoff chart is constant and positive.
Profit |
GameStop Corp Price At Expiration |
GameStop Corp Available Put Options
GameStop Corp's option chain is a display of a range of information that helps investors for ways to trade options on GameStop. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for GameStop. It also shows strike prices and maturity days for a GameStop Corp 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 | 2024-09-27 PUT at $10.0 | -0.0042 | 0.0018 | 1043 | 2024-09-27 | 0.0 - 0.01 | 0.01 | Out |
Put | 2024-09-27 PUT at $13.0 | -0.0105 | 0.0054 | 112 | 2024-09-27 | 0.0 - 0.02 | 0.02 | Out |
Put | 2024-09-27 PUT at $15.0 | -0.0081 | 0.0063 | 550 | 2024-09-27 | 0.0 - 0.03 | 0.01 | Out |
Put | 2024-09-27 PUT at $16.0 | -0.0218 | 0.0148 | 887 | 2024-09-27 | 0.02 - 0.03 | 0.03 | Out |
Put | 2024-09-27 PUT at $16.5 | -0.0236 | 0.0174 | 32 | 2024-09-27 | 0.0 - 0.03 | 0.03 | Out |
Put | 2024-09-27 PUT at $17.0 | -0.0258 | 0.0206 | 537 | 2024-09-27 | 0.03 - 0.06 | 0.03 | Out |
Put | 2024-09-27 PUT at $17.5 | -0.0407 | 0.0302 | 312 | 2024-09-27 | 0.0 - 0.07 | 0.05 | Out |
Put | 2024-09-27 PUT at $18.0 | -0.045 | 0.0366 | 1420 | 2024-09-27 | 0.03 - 0.08 | 0.05 | Out |
Put | 2024-09-27 PUT at $18.5 | -0.0567 | 0.0479 | 486 | 2024-09-27 | 0.05 - 0.07 | 0.06 | Out |
Put | 2024-09-27 PUT at $19.0 | -0.0707 | 0.063 | 1050 | 2024-09-27 | 0.07 - 0.1 | 0.07 | Out |
Put | 2024-09-27 PUT at $19.5 | -0.1118 | 0.0895 | 1063 | 2024-09-27 | 0.05 - 0.14 | 0.12 | Out |
Put | 2024-09-27 PUT at $20.0 | -0.1513 | 0.1198 | 5641 | 2024-09-27 | 0.16 - 0.2 | 0.16 | Out |
Put | 2024-09-27 PUT at $20.5 | -0.223 | 0.154 | 609 | 2024-09-27 | 0.24 - 0.26 | 0.26 | Out |
Put | 2024-09-27 PUT at $21.0 | -0.3163 | 0.178 | 456 | 2024-09-27 | 0.4 - 0.5 | 0.43 | Out |
Put | 2024-09-27 PUT at $21.5 | -0.4139 | 0.1898 | 308 | 2024-09-27 | 0.63 - 0.71 | 0.65 | Out |
Put | 2024-09-27 PUT at $22.0 | -0.5074 | 0.181 | 301 | 2024-09-27 | 0.91 - 1.02 | 0.96 | In |
Put | 2024-09-27 PUT at $22.5 | -0.5887 | 0.1677 | 106 | 2024-09-27 | 1.21 - 1.41 | 1.3 | In |
Put | 2024-09-27 PUT at $23.0 | -0.6484 | 0.1451 | 366 | 2024-09-27 | 1.61 - 1.79 | 1.72 | In |
Put | 2024-09-27 PUT at $23.5 | -0.6944 | 0.1258 | 151 | 2024-09-27 | 1.89 - 2.42 | 2.16 | In |
Put | 2024-09-27 PUT at $24.0 | -0.7338 | 0.1106 | 133 | 2024-09-27 | 2.41 - 2.82 | 2.6 | In |
Put | 2024-09-27 PUT at $24.5 | -0.7594 | 0.0967 | 68 | 2024-09-27 | 2.8 - 3.35 | 3.5 | In |
Put | 2024-09-27 PUT at $25.0 | -0.8048 | 0.0871 | 145 | 2024-09-27 | 3.35 - 3.8 | 3.47 | In |
Put | 2024-09-27 PUT at $25.5 | -0.7518 | 0.073 | 21 | 2024-09-27 | 3.35 - 4.3 | 4.23 | In |
Put | 2024-09-27 PUT at $26.0 | -0.8092 | 0.069 | 42 | 2024-09-27 | 3.75 - 4.75 | 4.53 | In |
Put | 2024-09-27 PUT at $26.5 | -0.7785 | 0.0618 | 4 | 2024-09-27 | 4.55 - 5.55 | 5.2 | In |
Put | 2024-09-27 PUT at $27.0 | -0.9369 | 0.0424 | 17 | 2024-09-27 | 4.75 - 5.7 | 6.1 | In |
Put | 2024-09-27 PUT at $27.5 | -0.7322 | 0.0504 | 15 | 2024-09-27 | 4.7 - 7.2 | 6.57 | In |
Put | 2024-09-27 PUT at $28.0 | -0.8988 | 0.0444 | 7 | 2024-09-27 | 6.0 - 6.65 | 6.95 | In |
Put | 2024-09-27 PUT at $28.5 | -0.8062 | 0.0471 | 0 | 2024-09-27 | 6.2 - 8.2 | 0.0 | In |
Put | 2024-09-27 PUT at $29.0 | -0.7378 | 0.0427 | 2 | 2024-09-27 | 6.75 - 8.75 | 8.17 | In |
Put | 2024-09-27 PUT at $29.5 | -0.7524 | 0.0413 | 0 | 2024-09-27 | 6.0 - 8.6 | 0.0 | In |
Put | 2024-09-27 PUT at $30.0 | -0.7816 | 0.0402 | 261 | 2024-09-27 | 8.0 - 9.75 | 8.93 | In |
Put | 2024-09-27 PUT at $30.5 | -0.9312 | 0.0287 | 0 | 2024-09-27 | 7.4 - 10.15 | 0.0 | In |
Put | 2024-09-27 PUT at $31.0 | -0.9011 | 0.0321 | 0 | 2024-09-27 | 8.65 - 10.1 | 0.0 | In |
Put | 2024-09-27 PUT at $31.5 | -0.9105 | 0.0296 | 0 | 2024-09-27 | 9.1 - 10.6 | 0.0 | In |
Put | 2024-09-27 PUT at $32.0 | -0.9362 | 0.0244 | 1 | 2024-09-27 | 8.55 - 12.0 | 12.19 | In |
Put | 2024-09-27 PUT at $32.5 | -0.78 | 0.0333 | 0 | 2024-09-27 | 10.15 - 13.0 | 0.0 | In |
Put | 2024-09-27 PUT at $33.0 | -0.8685 | 0.0302 | 0 | 2024-09-27 | 10.1 - 13.0 | 0.0 | In |
Put | 2024-09-27 PUT at $33.5 | -0.7895 | 0.0313 | 0 | 2024-09-27 | 10.0 - 12.55 | 0.0 | In |
Put | 2024-09-27 PUT at $34.0 | -0.8206 | 0.0302 | 0 | 2024-09-27 | 11.6 - 14.1 | 0.0 | In |
Put | 2024-09-27 PUT at $34.5 | -0.9347 | 0.0209 | 0 | 2024-09-27 | 11.0 - 14.6 | 0.0 | In |
Put | 2024-09-27 PUT at $35.0 | -0.9434 | 0.0189 | 1 | 2024-09-27 | 11.45 - 15.1 | 15.09 | In |
Put | 2024-09-27 PUT at $35.5 | -0.8884 | 0.0249 | 0 | 2024-09-27 | 12.0 - 16.0 | 0.0 | In |
Put | 2024-09-27 PUT at $36.0 | -0.7714 | 0.0276 | 0 | 2024-09-27 | 13.6 - 17.0 | 0.0 | In |
Put | 2024-09-27 PUT at $36.5 | -0.9387 | 0.0182 | 0 | 2024-09-27 | 13.45 - 16.15 | 0.0 | In |
Put | 2024-09-27 PUT at $37.0 | -0.9395 | 0.0177 | 0 | 2024-09-27 | 14.55 - 16.05 | 0.0 | In |
Put | 2024-09-27 PUT at $37.5 | -0.9273 | 0.0189 | 0 | 2024-09-27 | 14.15 - 17.55 | 0.0 | In |
Put | 2024-09-27 PUT at $38.0 | -0.9638 | 0.0126 | 0 | 2024-09-27 | 14.45 - 18.0 | 0.0 | In |
Put | 2024-09-27 PUT at $38.5 | -0.9418 | 0.0162 | 0 | 2024-09-27 | 16.05 - 17.55 | 0.0 | In |
Put | 2024-09-27 PUT at $39.0 | -0.9425 | 0.0158 | 0 | 2024-09-27 | 16.55 - 18.05 | 0.0 | In |
Put | 2024-09-27 PUT at $40.0 | -0.9438 | 0.015 | 0 | 2024-09-27 | 17.0 - 20.15 | 18.3 | In |
GameStop Corp Corporate Directors
Raul Fernandez | Independent Director | Profile | |
Alain Attal | Independent Director | Profile | |
James Grube | Independent Director | Profile | |
Ryan Cohen | Independent Director | Profile |
Additional Information and Resources on Investing in GameStop Stock
When determining whether GameStop Corp is a strong investment it is important to analyze GameStop Corp'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 GameStop Corp's future performance. For an informed investment choice regarding GameStop Stock, refer to the following important reports:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GameStop Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. For information on how to trade GameStop Stock refer to our How to Trade GameStop Stock guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Computer & Electronics Retail 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 GameStop Corp. If investors know GameStop 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 GameStop Corp 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 0.259 | Earnings Share 0.14 | Revenue Per Share 13.97 | Quarterly Revenue Growth (0.31) | Return On Assets 0.0004 |
The market value of GameStop Corp is measured differently than its book value, which is the value of GameStop that is recorded on the company's balance sheet. Investors also form their own opinion of GameStop Corp's value that differs from its market value or its book value, called intrinsic value, which is GameStop Corp'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 GameStop Corp's market value can be influenced by many factors that don't directly affect GameStop Corp'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 GameStop Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if GameStop Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GameStop Corp'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.