CM250321P00040000 Option on Canadian Imperial Bank

CM Stock  USD 60.27  0.19  0.31%   
CM250321P00040000 is a PUT option contract on Canadian Imperial's common stock with a strick price of 40.0 expiring on 2025-03-21. The contract was not traded in recent days and, as of today, has 22 days remaining before the expiration. The option is currently trading at an ask price of $0.15. The implied volatility as of the 27th of February is 22.0.
  
When exercised, put options on Canadian Imperial produce a short position in Canadian Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Canadian Imperial's downside price movement.

Rule 16 of 2025-03-21 Option Contract

The options market is anticipating that Canadian Imperial Bank will have an average daily up or down price movement of about 0.0504% per day over the life of the option. With Canadian Imperial trading at USD 60.27, that is roughly USD 0.0303. If you think that the market is fully understating Canadian Imperial's daily price movement you should consider buying Canadian Imperial Bank options at that current volatility level of 0.81%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put Option on Canadian Imperial

An 'Out of The Money' option on Canadian has a strike price that Canadian 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 Canadian Imperial's 'Out of The Money' options include buying the options if you expect a big move in Canadian Imperial'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 NameCM250321P00040000
Expires On2025-03-21
Days Before Expriration22
Vega0.006078
Gamma0.003273
Theoretical Value0.08
Open Interest10
Strike Price40.0
Last Traded At0.15
Current Price Spread0.0 | 0.15
Rule 16 Daily Up or DownUSD 0.0303

Canadian short PUT Option Greeks

Canadian Imperial's Option Greeks for the contract ending on 2025-03-21 at a strike price of 40.0 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 Canadian Imperial's option greeks, its implied volatility helps estimate the risk of Canadian Imperial stock implied by the prices of the options on Canadian Imperial's stock.
Delta-0.016013
Gamma0.003273
Theta-0.010642
Vega0.006078
Rho-6.18E-4

Canadian long PUT Option Payoff at expiration

Put options written on Canadian Imperial grant holders of the option the right to sell a specified amount of Canadian Imperial 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 Canadian Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Canadian Imperial is like buying insurance aginst Canadian Imperial's downside shift.
   Profit   
Break Even 39.92Strike Price 40Current Price 60.27100%
       Canadian Imperial Price At Expiration  

Canadian short PUT Option Payoff at expiration

By selling Canadian Imperial's put option, the investors signal their bearish sentiment. A short position in a put option written on Canadian Imperial will generally make money when the underlying price is above the strike price. Therefore Canadian Imperial's put payoff at expiration depends on where the Canadian Stock price is relative to the put option strike price. The breakeven price of 39.92 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 Canadian Imperial's price. Finally, at the strike price of 40.0, the payoff chart is constant and positive.
   Profit   
       Canadian Imperial Price At Expiration  
View All Canadian Imperial Options

Canadian Imperial Bank Available Put Options

Canadian Imperial's option chain is a display of a range of information that helps investors for ways to trade options on Canadian. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Canadian. It also shows strike prices and maturity days for a Canadian Imperial 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
CM250417P00057500057.50.9 - 1.051.06Out
 Put
CM250417P000600007660.01.8 - 1.952.0Out
 Put
CM250417P00062500162.53.2 - 3.43.6In
 Put
CM250417P00065000065.05.1 - 5.45.1In
 Put
CM250417P00067500067.55.8 - 9.05.8In
 Put
CM250417P00070000070.08.5 - 11.78.5In
 Put
CM250417P00075000075.014.0 - 16.314.0In
 Put
CM250417P00080000080.018.1 - 21.618.1In
 Put
CM250417P00085000085.023.1 - 27.023.1In
 Put
CM250417P00090000090.028.0 - 31.828.0In

Canadian Imperial Corporate Directors

Martine TurcotteIndependent DirectorProfile
Luc DesjardinsIndependent DirectorProfile
Jane PeverettIndependent DirectorProfile
Linda HasenfratzIndependent DirectorProfile
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Imperial Bank. 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.
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Is Diversified Banks 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 Canadian Imperial. If investors know Canadian 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 Canadian Imperial 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
0.242
Dividend Share
3.6
Earnings Share
5.11
Revenue Per Share
25.129
Quarterly Revenue Growth
0.168
The market value of Canadian Imperial Bank is measured differently than its book value, which is the value of Canadian that is recorded on the company's balance sheet. Investors also form their own opinion of Canadian Imperial's value that differs from its market value or its book value, called intrinsic value, which is Canadian Imperial'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 Canadian Imperial's market value can be influenced by many factors that don't directly affect Canadian Imperial'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 Canadian Imperial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Imperial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Imperial'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.