GDXJ250214C00044000 Option on VanEck Junior Gold
GDXJ Etf | USD 49.20 0.83 1.72% |
GDXJ250214C00044000 is a PUT option contract on VanEck Junior's common stock with a strick price of 44.0 expiring on 2025-02-14. The contract was not traded in recent days and, as of today, has 13 days remaining before the expiration. The option is currently trading at a bid price of $2.89, and an ask price of $4.95. The implied volatility as of the 1st of February is 13.0.
VanEck |
When exercised, put options on VanEck Junior produce a short position in VanEck Etf. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on VanEck Junior's downside price movement.
Rule 16 of 2025-02-14 Option Contract
The options market is anticipating that VanEck Junior Gold will have an average daily up or down price movement of about 0.0359% per day over the life of the option. With VanEck Junior trading at USD 49.2, that is roughly USD 0.0177. If you think that the market is fully understating VanEck Junior's daily price movement you should consider buying VanEck Junior Gold options at that current volatility level of 0.57%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Call Option on VanEck Junior
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 VanEck Junior 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 VanEck Etf have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
Call Contract Name | GDXJ250214C00044000 |
Expires On | 2025-02-14 |
Days Before Expriration | 13 |
Delta | 0.827009 |
Vega | 0.023359 |
Gamma | 0.048825 |
Theoretical Value | 4.95 |
Open Interest | 18 |
Strike Price | 44.0 |
Last Traded At | 2.88 |
Current Price Spread | 2.89 | 4.95 |
Rule 16 Daily Up or Down | USD 0.0177 |
VanEck short PUT Option Greeks
VanEck Junior's Option Greeks for the contract ending on 2025-02-14 at a strike price of 44.0 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 VanEck Junior's option greeks, its implied volatility helps estimate the risk of VanEck Junior stock implied by the prices of the options on VanEck Junior's stock.
Delta | 0.827009 | |
Gamma | 0.048825 | |
Theta | -0.055741 | |
Vega | 0.023359 | |
Rho | 0.012484 |
VanEck long PUT Option Payoff at expiration
Put options written on VanEck Junior grant holders of the option the right to sell a specified amount of VanEck Junior 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 VanEck Etf cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on VanEck Junior is like buying insurance aginst VanEck Junior's downside shift.
Profit |
VanEck Junior Price At Expiration |
VanEck short PUT Option Payoff at expiration
By selling VanEck Junior's put option, the investors signal their bearish sentiment. A short position in a put option written on VanEck Junior will generally make money when the underlying price is above the strike price. Therefore VanEck Junior's put payoff at expiration depends on where the VanEck Etf price is relative to the put option strike price. The breakeven price of 48.95 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 VanEck Junior's price. Finally, at the strike price of 44.0, the payoff chart is constant and positive.
Profit |
VanEck Junior Price At Expiration |
VanEck Junior Gold Available Call Options
VanEck Junior's option chain is a display of a range of information that helps investors for ways to trade options on VanEck. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for VanEck. It also shows strike prices and maturity days for a VanEck Junior 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 | |||
Call | GDXJ250321C00040000 | 106 | 40.0 | 8.3 - 9.15 | 8.9 | In |
Call | GDXJ250321C00042000 | 1 | 42.0 | 5.9 - 8.65 | 7.36 | In |
Call | GDXJ250321C00043000 | 316 | 43.0 | 5.3 - 6.6 | 5.65 | In |
Call | GDXJ250321C00044000 | 9 | 44.0 | 4.1 - 7.0 | 5.8 | In |
Call | GDXJ250321C00045000 | 260 | 45.0 | 4.35 - 4.95 | 4.99 | In |
Call | GDXJ250321C00046000 | 177 | 46.0 | 2.44 - 4.85 | 3.9 | In |
Call | GDXJ250321C00047000 | 163 | 47.0 | 2.66 - 4.4 | 3.31 | In |
Call | GDXJ250321C00048000 | 51 | 48.0 | 2.05 - 3.65 | 2.85 | In |
Call | GDXJ250321C00049000 | 164 | 49.0 | 1.9 - 2.7 | 2.59 | Out |
Call | GDXJ250321C00050000 | 249 | 50.0 | 1.6 - 2.13 | 1.79 | Out |
Call | GDXJ250321C00051000 | 1459 | 51.0 | 1.31 - 1.69 | 1.5 | Out |
Call | GDXJ250321C00052000 | 119 | 52.0 | 1.1 - 1.5 | 1.15 | Out |
Call | GDXJ250321C00053000 | 426 | 53.0 | 0.85 - 1.04 | 0.98 | Out |
Call | GDXJ250321C00054000 | 37 | 54.0 | 0.48 - 0.99 | 0.84 | Out |
Call | GDXJ250321C00055000 | 155 | 55.0 | 0.42 - 0.84 | 0.62 | Out |
Call | GDXJ250321C00056000 | 186 | 56.0 | 0.47 - 0.56 | 0.61 | Out |
Call | GDXJ250321C00060000 | 1 | 60.0 | 0.11 - 0.94 | 0.26 | Out |
Call | GDXJ250321C00065000 | 19 | 65.0 | 0.01 - 1.01 | 0.09 | Out |
Call | GDXJ250321C00070000 | 0 | 70.0 | 0.0 - 0.91 | 0.91 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in VanEck Junior Gold. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Stocks Directory module to find actively traded stocks across global markets.
The market value of VanEck Junior Gold is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck Junior's value that differs from its market value or its book value, called intrinsic value, which is VanEck Junior'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 VanEck Junior's market value can be influenced by many factors that don't directly affect VanEck Junior'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 VanEck Junior's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Junior is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Junior'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.