NET260515P00115000 Option on Cloudflare

NET Stock  USD 173.21  10.16  6.23%   
NET260515P00115000 is a PUT option contract on Cloudflare's common stock with a strick price of 115.0 expiring on 2026-05-15. The contract was not traded in recent days and, as of today, has 97 days remaining before the expiration. The option is currently trading at a bid price of $3.45, and an ask price of $5.25. The implied volatility as of the 7th of February is 97.0.
When exercised, put options on Cloudflare produce a short position in Cloudflare Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Cloudflare's downside price movement.

Rule 16 of 2026-05-15 Option Contract

The options market is anticipating that Cloudflare will have an average daily up or down price movement of about 0.049% per day over the life of the option. With Cloudflare trading at USD 173.21, that is roughly USD 0.0848. If you think that the market is fully understating Cloudflare's daily price movement you should consider buying Cloudflare options at that current volatility level of 0.78%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put Option on Cloudflare

An 'Out of The Money' option on Cloudflare has a strike price that Cloudflare 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 Cloudflare's 'Out of The Money' options include buying the options if you expect a big move in Cloudflare'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 NameNET260515P00115000
Expires On2026-05-15
Days Before Expriration97
Vega0.165563
Gamma0.002655
Theoretical Value4.35
Open Interest11
Strike Price115.0
Last Traded At3.5
Current Price Spread3.45 | 5.25
Rule 16 Daily Up or DownUSD 0.0848

Cloudflare short PUT Option Greeks

Cloudflare's Option Greeks for the contract ending on 2026-05-15 at a strike price of 115.0 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 Cloudflare's option greeks, its implied volatility helps estimate the risk of Cloudflare stock implied by the prices of the options on Cloudflare's stock.
Delta-0.107878
Gamma0.002655
Theta-0.064731
Vega0.165563
Rho-0.055738

Cloudflare long PUT Option Payoff at expiration

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

Cloudflare short PUT Option Payoff at expiration

By selling Cloudflare's put option, the investors signal their bearish sentiment. A short position in a put option written on Cloudflare will generally make money when the underlying price is above the strike price. Therefore Cloudflare's put payoff at expiration depends on where the Cloudflare Stock price is relative to the put option strike price. The breakeven price of 110.65 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 Cloudflare's price. Finally, at the strike price of 115.0, the payoff chart is constant and positive.
   Profit   
       Cloudflare Price At Expiration  
View All Cloudflare Options

Cloudflare Available Put Options

Cloudflare's option chain is a display of a range of information that helps investors for ways to trade options on Cloudflare. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Cloudflare. It also shows strike prices and maturity days for a Cloudflare 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
NET260515P003800000380.0205.1 - 208.65205.1In
 Put
NET260515P003700000370.0195.1 - 198.65156.0In
 Put
NET260515P003600000360.0184.95 - 188.7146.2In
 Put
NET260515P003500000350.0175.1 - 178.75175.1In
 Put
NET260515P003400000340.0165.15 - 169.0165.15In
 Put
NET260515P003300000330.0155.2 - 159.0155.2In
 Put
NET260515P003200000320.0145.65 - 149.15145.65In
 Put
NET260515P003100000310.0135.8 - 139.35135.8In
 Put
NET260515P003000000300.0126.05 - 129.3126.05In
 Put
NET260515P002900000290.0116.35 - 119.6116.35In
 Put
NET260515P002700001270.097.35 - 100.5571.8In
 Put
NET260515P002600001260.087.85 - 91.264.0In
 Put
NET260515P002500003250.078.7 - 82.365.9In
 Put
NET260515P0024000017240.070.3 - 73.444.3In
 Put
NET260515P002300001230.061.95 - 64.8540.2In
 Put
NET260515P002200008220.053.55 - 56.7549.64In
 Put
NET260515P0021000021210.046.15 - 49.053.61In
 Put
NET260515P00200000122200.038.8 - 41.8541.62In
 Put
NET260515P00195000735195.035.4 - 38.541.2In
 Put
NET260515P0019000025190.032.25 - 35.229.8In
 Put
NET260515P0018500066185.029.25 - 31.434.76In
 Put
NET260515P0018000043180.026.55 - 28.027.6In
 Put
NET260515P001750001111175.023.6 - 25.724.66In
 Put
NET260515P0017000062170.021.1 - 23.624.62Out
 Put
NET260515P0016500090165.018.55 - 21.120.75Out
 Put
NET260515P00160000151160.016.45 - 19.021.2Out
 Put
NET260515P00155000253155.014.3 - 16.716.06Out
 Put
NET260515P00150000255150.012.45 - 14.914.76Out
 Put
NET260515P0014500047145.010.65 - 11.912.0Out
 Put
NET260515P0014000020140.09.15 - 10.258.61Out
 Put
NET260515P0013500018135.07.75 - 9.09.55Out
 Put
NET260515P0013000012130.06.35 - 7.47.5Out
 Put
NET260515P0012500055125.05.35 - 7.16.37Out
 Put
NET260515P0012000013120.04.35 - 5.25.1Out
 Put
NET260515P0011500011115.03.45 - 5.253.5Out
 Put
NET260515P0011000021110.02.7 - 4.42.26Out
 Put
NET260515P001050002105.02.07 - 2.931.77Out
 Put
NET260515P001000003100.01.61 - 2.512.11Out
 Put
NET260515P00095000295.00.3 - 2.251.61Out
 Put
NET260515P00090000590.00.59 - 1.970.61Out

Cloudflare Corporate Management

Paul UnderwoodChief OfficerProfile
Lee HollowayCo-FounderProfile
Darth SriBearSystems Reliability EngineerProfile
JohnChief OfficerProfile
Douglas JDChief SecretaryProfile

Additional Tools for Cloudflare Stock Analysis

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