ERIE250321P00350000 Option on Erie Indemnity

ERIE Stock  USD 386.13  2.82  0.73%   
ERIE250321P00350000 is a PUT option contract on Erie Indemnity's common stock with a strick price of 350.0 expiring on 2025-03-21. The contract was not traded in recent days and, as of today, has 30 days remaining before the expiration. The option is currently trading at a bid price of $1.65, and an ask price of $5.9. The implied volatility as of the 19th of February is 30.0.
  
When exercised, put options on Erie Indemnity produce a short position in Erie Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Erie Indemnity's downside price movement.

Rule 16 of 2025-03-21 Option Contract

The options market is anticipating that Erie Indemnity will have an average daily up or down price movement of about 0.025% per day over the life of the option. With Erie Indemnity trading at USD 386.13, that is roughly USD 0.0964. If you think that the market is fully understating Erie Indemnity's daily price movement you should consider buying Erie Indemnity options at that current volatility level of 0.4%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put Option on Erie Indemnity

An 'Out of The Money' option on Erie has a strike price that Erie 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 Erie Indemnity's 'Out of The Money' options include buying the options if you expect a big move in Erie Indemnity'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 NameERIE250321P00350000
Expires On2025-03-21
Days Before Expriration30
Vega0.267365
Gamma0.005161
Theoretical Value3.78
Open Interest1
Strike Price350.0
Last Traded At5.0
Current Price Spread1.65 | 5.9
Rule 16 Daily Up or DownUSD 0.0964

Erie short PUT Option Greeks

Erie Indemnity's Option Greeks for the contract ending on 2025-03-21 at a strike price of 350.0 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 Erie Indemnity's option greeks, its implied volatility helps estimate the risk of Erie Indemnity stock implied by the prices of the options on Erie Indemnity's stock.
Delta-0.151516
Gamma0.005161
Theta-0.167437
Vega0.267365
Rho-0.048871

Erie long PUT Option Payoff at expiration

Put options written on Erie Indemnity grant holders of the option the right to sell a specified amount of Erie Indemnity 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 Erie Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Erie Indemnity is like buying insurance aginst Erie Indemnity's downside shift.
   Profit   
Break Even 346.22Strike Price 350Current Price 386.13100%
       Erie Indemnity Price At Expiration  

Erie short PUT Option Payoff at expiration

By selling Erie Indemnity's put option, the investors signal their bearish sentiment. A short position in a put option written on Erie Indemnity will generally make money when the underlying price is above the strike price. Therefore Erie Indemnity's put payoff at expiration depends on where the Erie Stock price is relative to the put option strike price. The breakeven price of 346.22 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 Erie Indemnity's price. Finally, at the strike price of 350.0, the payoff chart is constant and positive.
   Profit   
Break Even 346.22Strike Price 350Current Price 386.13100%
       Erie Indemnity Price At Expiration  
View All Erie Indemnity Options

Erie Indemnity Available Put Options

Erie Indemnity's option chain is a display of a range of information that helps investors for ways to trade options on Erie. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Erie. It also shows strike prices and maturity days for a Erie Indemnity 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
ERIE250321P002200001220.00.0 - 2.151.15Out
 Put
ERIE250321P002400001240.00.0 - 2.150.85Out
 Put
ERIE250321P003300003330.00.0 - 3.92.75Out
 Put
ERIE250321P003400001340.00.6 - 4.82.38Out
 Put
ERIE250321P003500001350.01.65 - 5.95.0Out
 Put
ERIE250321P003600001360.03.1 - 7.07.07Out
 Put
ERIE250321P003700003370.05.2 - 9.013.11Out
 Put
ERIE250321P0038000065380.08.2 - 11.58.2Out
 Put
ERIE250321P003900006390.012.1 - 15.514.2Out
 Put
ERIE250321P0040000049400.017.4 - 20.011.22In
 Put
ERIE250321P0041000046410.023.6 - 26.815.9In
 Put
ERIE250321P0042000011420.031.1 - 34.532.44In
 Put
ERIE250321P0043000020430.038.2 - 42.531.4In
 Put
ERIE250321P004400007440.047.1 - 52.058.7In
 Put
ERIE250321P004500006450.057.0 - 61.468.0In
 Put
ERIE250321P004600005460.066.4 - 71.058.0In
 Put
ERIE250321P004700002470.076.3 - 81.364.5In
 Put
ERIE250321P004800002480.086.0 - 91.075.8In
 Put
ERIE250321P006000000600.0205.9 - 210.9175.0In
 Put
ERIE250321P006200000620.0225.9 - 230.9200.3In
 Put
ERIE250321P006400000640.0245.9 - 250.9245.9In
 Put
ERIE250321P006600000660.0266.0 - 271.0266.0In
 Put
ERIE250321P006800000680.0285.9 - 290.9285.9In
 Put
ERIE250321P007000000700.0305.9 - 310.9280.1In
 Put
ERIE250321P007200000720.0325.9 - 330.9325.9In
 Put
ERIE250321P007400000740.0345.9 - 350.9345.9In
 Put
ERIE250321P007600000760.0366.0 - 371.0366.0In
 Put
ERIE250321P007800000780.0385.5 - 390.5385.5In

Erie Indemnity Corporate Management

CPCU CPAEx CFOProfile
Marc CICSenior UnderwritingProfile
Charles CICSenior MarketingProfile
Jeffrey CPCUSenior ServicesProfile
CPCU FCASEx ProductsProfile
Ronald HaburskySenior OfficerProfile
Bill MatrogranVice OperationsProfile
When determining whether Erie Indemnity is a strong investment it is important to analyze Erie Indemnity'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 Erie Indemnity's future performance. For an informed investment choice regarding Erie Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erie Indemnity. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Property & Casualty Insurance 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 Erie Indemnity. If investors know Erie 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 Erie Indemnity 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
0.22
Dividend Share
5.1
Earnings Share
10.7
Revenue Per Share
79.861
Quarterly Revenue Growth
0.164
The market value of Erie Indemnity is measured differently than its book value, which is the value of Erie that is recorded on the company's balance sheet. Investors also form their own opinion of Erie Indemnity's value that differs from its market value or its book value, called intrinsic value, which is Erie Indemnity'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 Erie Indemnity's market value can be influenced by many factors that don't directly affect Erie Indemnity'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 Erie Indemnity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Erie Indemnity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Erie Indemnity'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.
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