ALTR250417P00090000 Option on Altair Engineering

ALTR Stock  USD 110.41  0.29  0.26%   
ALTR250417P00090000 is a PUT option contract on Altair Engineering's common stock with a strick price of 90.0 expiring on 2025-04-17. The contract was not traded in recent days and, as of today, has 89 days remaining before the expiration. The option is currently trading at a bid price of $0.05, and an ask price of $0.45. The implied volatility as of the 18th of January 2025 is 89.0.
  
When exercised, put options on Altair Engineering produce a short position in Altair Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Altair Engineering's downside price movement.

Rule 16 of 2025-04-17 Option Contract

The options market is anticipating that Altair Engineering will have an average daily up or down price movement of about 0.0162% per day over the life of the option. With Altair Engineering trading at USD 110.41, that is roughly USD 0.0179. If you think that the market is fully understating Altair Engineering's daily price movement you should consider buying Altair Engineering options at that current volatility level of 0.26%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put Option on Altair Engineering

An 'Out of The Money' option on Altair has a strike price that Altair 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 Altair Engineering's 'Out of The Money' options include buying the options if you expect a big move in Altair Engineering'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 NameALTR250417P00090000
Expires On2025-04-17
Days Before Expriration89
Vega0.048425
Gamma0.006286
Theoretical Value0.25
Open Interest59
Strike Price90.0
Last Traded At0.4
Current Price Spread0.05 | 0.45
Rule 16 Daily Up or DownUSD 0.0179

Altair short PUT Option Greeks

Altair Engineering's Option Greeks for the contract ending on 2025-04-17 at a strike price of 90.0 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 Altair Engineering's option greeks, its implied volatility helps estimate the risk of Altair Engineering stock implied by the prices of the options on Altair Engineering's stock.
Delta-0.041523
Gamma0.006286
Theta-0.006534
Vega0.048425
Rho-0.01092

Altair long PUT Option Payoff at expiration

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

Altair short PUT Option Payoff at expiration

By selling Altair Engineering's put option, the investors signal their bearish sentiment. A short position in a put option written on Altair Engineering will generally make money when the underlying price is above the strike price. Therefore Altair Engineering's put payoff at expiration depends on where the Altair Stock price is relative to the put option strike price. The breakeven price of 89.75 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 Altair Engineering's price. Finally, at the strike price of 90.0, the payoff chart is constant and positive.
   Profit   
       Altair Engineering Price At Expiration  
View All Altair Engineering Options

Altair Engineering Available Put Options

Altair Engineering's option chain is a display of a range of information that helps investors for ways to trade options on Altair. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Altair. It also shows strike prices and maturity days for a Altair Engineering 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
 Put
ALTR250417P00055000155.00.0 - 4.81.3Out
 Put
ALTR250417P00065000165.00.0 - 4.81.75Out
 Put
ALTR250417P0007000058270.00.0 - 4.82.3Out
 Put
ALTR250417P00075000175.00.0 - 0.150.12Out
 Put
ALTR250417P00080000880.00.0 - 0.20.2Out
 Put
ALTR250417P000850007185.00.05 - 0.350.35Out
 Put
ALTR250417P000900005990.00.05 - 0.450.4Out
 Put
ALTR250417P000950008695.00.0 - 0.60.6Out
 Put
ALTR250417P00100000118100.00.2 - 0.50.5Out
 Put
ALTR250417P00105000131105.00.0 - 0.750.71Out
 Put
ALTR250417P001100008110.00.0 - 2.32.3Out
 Put
ALTR250417P001150001115.02.65 - 7.06.1In
 Put
ALTR250417P001200000120.07.2 - 12.010.26In
 Put
ALTR250417P001250000125.012.2 - 17.012.2In
 Put
ALTR250417P001300000130.017.5 - 22.028.8In
 Put
ALTR250417P001350000135.022.5 - 27.022.5In
 Put
ALTR250417P001400000140.027.5 - 32.027.5In
 Put
ALTR250417P001450000145.032.5 - 37.032.5In

Altair Engineering Corporate Management

Additional Tools for Altair Stock Analysis

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