AROW250321P00035000 Option on Arrow Financial
AROW Stock | USD 27.64 0.25 0.91% |
AROW250321P00035000 is a PUT option contract on Arrow Financial's common stock with a strick price of 35.0 expiring on 2025-03-21. The contract was not traded in recent days and, as of today, has 58 days remaining before the expiration. The option is currently trading at a bid price of $7.0, and an ask price of $10.0. The implied volatility as of the 22nd of January is 58.0.
Arrow |
When exercised, put options on Arrow Financial produce a short position in Arrow Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Arrow Financial's downside price movement.
Rule 16 of 2025-03-21 Option Contract
The options market is anticipating that Arrow Financial will have an average daily up or down price movement of about 0.0273% per day over the life of the option. With Arrow Financial trading at USD 27.64, that is roughly USD 0.007549. If you think that the market is fully understating Arrow Financial's daily price movement you should consider buying Arrow Financial options at that current volatility level of 0.44%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Put Option on Arrow Financial
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 Arrow Financial 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 Arrow 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 | AROW250321P00035000 |
Expires On | 2025-03-21 |
Days Before Expriration | 58 |
Vega | 0.019701 |
Gamma | 0.032857 |
Theoretical Value | 8.5 |
Open Interest | 11 |
Strike Price | 35.0 |
Last Traded At | 4.81 |
Current Price Spread | 7.0 | 10.0 |
Rule 16 Daily Up or Down | USD 0.007549 |
Arrow short PUT Option Greeks
Arrow Financial's Option Greeks for the contract ending on 2025-03-21 at a strike price of 35.0 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 Arrow Financial's option greeks, its implied volatility helps estimate the risk of Arrow Financial stock implied by the prices of the options on Arrow Financial's stock.
Delta | -0.902721 | |
Gamma | 0.032857 | |
Theta | -0.005271 | |
Vega | 0.019701 | |
Rho | -0.036384 |
Arrow long PUT Option Payoff at expiration
Put options written on Arrow Financial grant holders of the option the right to sell a specified amount of Arrow 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 Arrow Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Arrow Financial is like buying insurance aginst Arrow Financial's downside shift.
Profit |
Arrow Financial Price At Expiration |
Arrow short PUT Option Payoff at expiration
By selling Arrow Financial's put option, the investors signal their bearish sentiment. A short position in a put option written on Arrow Financial will generally make money when the underlying price is above the strike price. Therefore Arrow Financial's put payoff at expiration depends on where the Arrow Stock price is relative to the put option strike price. The breakeven price of 26.5 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 Arrow Financial's price. Finally, at the strike price of 35.0, the payoff chart is constant and positive.
Profit |
Arrow Financial Price At Expiration |
Arrow Financial Available Put Options
Arrow Financial's option chain is a display of a range of information that helps investors for ways to trade options on Arrow. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Arrow. It also shows strike prices and maturity days for a Arrow 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 | |||
Put | AROW250321P00015000 | 0 | 15.0 | 0.0 - 4.8 | 4.8 | |
Put | AROW250321P00017500 | 0 | 17.5 | 0.0 - 4.8 | 4.8 | |
Put | AROW250321P00020000 | 0 | 20.0 | 0.0 - 4.9 | 4.9 | |
Put | AROW250321P00022500 | 0 | 22.5 | 0.0 - 4.9 | 4.9 | |
Put | AROW250321P00025000 | 0 | 25.0 | 0.0 - 4.9 | 4.9 | |
Put | AROW250321P00030000 | 2 | 30.0 | 1.65 - 5.5 | 2.25 | In |
Put | AROW250321P00035000 | 11 | 35.0 | 7.0 - 10.0 | 4.81 | In |
Put | AROW250321P00040000 | 0 | 40.0 | 11.5 - 15.0 | 11.5 | In |
Put | AROW250321P00045000 | 0 | 45.0 | 16.2 - 20.0 | 16.2 | In |
Arrow Financial Corporate Management
Thomas CPA | CEO and President | Profile | |
Marc Yrsha | Senior Officer | Profile | |
Michael Jacobs | Executive Officer | Profile | |
Brooke Pancoe | Senior Officer | Profile | |
Annette Reitano | Senior Falls | Profile |
Additional Tools for Arrow Stock Analysis
When running Arrow Financial's price analysis, check to measure Arrow 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 Arrow Financial is operating at the current time. Most of Arrow Financial's value examination focuses on studying past and present price action to predict the probability of Arrow 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 Arrow Financial's price. Additionally, you may evaluate how the addition of Arrow Financial to your portfolios can decrease your overall portfolio volatility.