IIPR250417C00155000 Option on Innovative Industrial

IIPR Stock  USD 68.11  1.17  1.75%   
IIPR250417C00155000 is a PUT option contract on Innovative Industrial's common stock with a strick price of 155.0 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 an ask price of $1.45. The implied volatility as of the 18th of January 2025 is 89.0.
  
When exercised, put options on Innovative Industrial produce a short position in Innovative Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Innovative Industrial's downside price movement.

Rule 16 of 2025-04-17 Option Contract

The options market is anticipating that Innovative Industrial Properties will have an average daily up or down price movement of about 0.0599% per day over the life of the option. With Innovative Industrial trading at USD 68.11, that is roughly USD 0.0408. If you think that the market is fully understating Innovative Industrial's daily price movement you should consider buying Innovative Industrial Properties options at that current volatility level of 0.96%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Call Option on Innovative Industrial

An 'Out of The Money' option on Innovative has a strike price that Innovative 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 Innovative Industrial's 'Out of The Money' options include buying the options if you expect a big move in Innovative Industrial'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.
Call Contract NameIIPR250417C00155000
Expires On2025-04-17
Days Before Expriration89
Delta0.06145
Vega0.040618
Gamma0.00375
Theoretical Value0.73
Open Interest17
Strike Price155.0
Last Traded At0.27
Current Price Spread0.0 | 1.45
Rule 16 Daily Up or DownUSD 0.0408

Innovative short PUT Option Greeks

Innovative Industrial's Option Greeks for the contract ending on 2025-04-17 at a strike price of 155.0 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 Innovative Industrial's option greeks, its implied volatility helps estimate the risk of Innovative Industrial stock implied by the prices of the options on Innovative Industrial's stock.
Delta0.06145
Gamma0.00375
Theta-0.021124
Vega0.040618
Rho0.007926

Innovative long PUT Option Payoff at expiration

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

Innovative short PUT Option Payoff at expiration

By selling Innovative Industrial's put option, the investors signal their bearish sentiment. A short position in a put option written on Innovative Industrial will generally make money when the underlying price is above the strike price. Therefore Innovative Industrial's put payoff at expiration depends on where the Innovative Stock price is relative to the put option strike price. The breakeven price of 155.73 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 Innovative Industrial's price. Finally, at the strike price of 155.0, the payoff chart is constant and positive.
   Profit   
       Innovative Industrial Price At Expiration  
View All Innovative Industrial Options

Innovative Industrial Available Call Options

Innovative Industrial's option chain is a display of a range of information that helps investors for ways to trade options on Innovative. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Innovative. It also shows strike prices and maturity days for a Innovative Industrial 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
Call
IIPR250417C00040000240.026.4 - 30.923.97In
Call
IIPR250417C000500001350.017.8 - 20.818.5In
Call
IIPR250417C00060000360.09.6 - 11.29.1In
Call
IIPR250417C00065000765.06.6 - 7.86.51In
Call
IIPR250417C000700004470.04.3 - 4.74.45Out
Call
IIPR250417C000750005675.02.45 - 2.852.39Out
Call
IIPR250417C000800005580.01.4 - 2.21.45Out
Call
IIPR250417C000850004385.00.7 - 1.150.75Out
Call
IIPR250417C000900002090.00.4 - 1.950.7Out
Call
IIPR250417C000950001295.00.15 - 0.650.4Out
Call
IIPR250417C0010000030100.00.1 - 0.70.4Out
Call
IIPR250417C0010500029105.00.05 - 1.750.43Out
Call
IIPR250417C0011000068110.00.0 - 0.50.25Out
Call
IIPR250417C0011500085115.00.05 - 0.90.34Out
Call
IIPR250417C0012000030120.00.05 - 2.30.14Out
Call
IIPR250417C0012500022125.00.05 - 0.750.19Out
Call
IIPR250417C0013000037130.00.0 - 0.750.21Out
Call
IIPR250417C0013500037135.00.0 - 1.20.15Out
Call
IIPR250417C0014000044140.00.0 - 2.30.12Out
Call
IIPR250417C001450007145.00.0 - 1.750.05Out
Call
IIPR250417C0015000018150.00.0 - 1.750.25Out
Call
IIPR250417C0015500017155.00.0 - 1.450.27Out
Call
IIPR250417C001600004160.00.0 - 1.453.9Out
Call
IIPR250417C001650000165.00.0 - 1.751.75Out
Call
IIPR250417C0017000037170.00.0 - 0.50.2Out
Call
IIPR250417C001750005175.00.0 - 0.950.7Out
Call
IIPR250417C001800000180.00.0 - 2.252.25Out
Call
IIPR250417C001850000185.00.0 - 1.41.4Out
Call
IIPR250417C001900000190.00.0 - 1.41.4Out
Call
IIPR250417C001950001195.00.0 - 0.950.25Out
Call
IIPR250417C002000000200.00.0 - 1.751.75Out

Innovative Industrial Corporate Management

Mary CurranIndependent DirectorProfile
Gary KreitzerIndependent Vice Chairman of the BoardProfile
Catherine CPACFO TreasurerProfile
Brian WolfeVice President General Counsel, SecretaryProfile
Andy BuiChief Accounting Officer, Vice PresidentProfile

Additional Tools for Innovative Stock Analysis

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