OVV250417P00046000 Option on Ovintiv

OVV Stock  USD 44.13  0.86  1.99%   
OVV250417P00046000 is a PUT option contract on Ovintiv's common stock with a strick price of 46.0 expiring on 2025-04-17. The contract was not traded in recent days and, as of today, has 57 days remaining before the expiration. The option is currently trading at a bid price of $3.1, and an ask price of $3.6. The implied volatility as of the 19th of February is 57.0.
  
When exercised, put options on Ovintiv produce a short position in Ovintiv Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Ovintiv's downside price movement.

Rule 16 of 2025-04-17 Option Contract

The options market is anticipating that Ovintiv will have an average daily up or down price movement of about 0.0224% per day over the life of the option. With Ovintiv trading at USD 44.13, that is roughly USD 0.009871. If you think that the market is fully understating Ovintiv's daily price movement you should consider buying Ovintiv options at that current volatility level of 0.36%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

In The Money Put Option on Ovintiv

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 Ovintiv 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 Ovintiv Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
Put Contract NameOVV250417P00046000
Expires On2025-04-17
Days Before Expriration57
Vega0.069505
Gamma0.062373
Theoretical Value3.35
Open Interest184
Strike Price46.0
Last Traded At3.7
Current Price Spread3.1 | 3.6
Rule 16 Daily Up or DownUSD 0.009871

Ovintiv short PUT Option Greeks

Ovintiv's Option Greeks for the contract ending on 2025-04-17 at a strike price of 46.0 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 Ovintiv's option greeks, its implied volatility helps estimate the risk of Ovintiv stock implied by the prices of the options on Ovintiv's stock.
Delta-0.561177
Gamma0.062373
Theta-0.02018
Vega0.069505
Rho-0.036775

Ovintiv long PUT Option Payoff at expiration

Put options written on Ovintiv grant holders of the option the right to sell a specified amount of Ovintiv 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 Ovintiv Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Ovintiv is like buying insurance aginst Ovintiv's downside shift.
   Profit   
Break Even 42.65Current Price 44.13Strike Price 46100%
       Ovintiv Price At Expiration  

Ovintiv short PUT Option Payoff at expiration

By selling Ovintiv's put option, the investors signal their bearish sentiment. A short position in a put option written on Ovintiv will generally make money when the underlying price is above the strike price. Therefore Ovintiv's put payoff at expiration depends on where the Ovintiv Stock price is relative to the put option strike price. The breakeven price of 42.65 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 Ovintiv's price. Finally, at the strike price of 46.0, the payoff chart is constant and positive.
   Profit   
Break Even 42.65Current Price 44.13Strike Price 46100%
       Ovintiv Price At Expiration  
View All Ovintiv Options

Ovintiv Available Put Options

Ovintiv's option chain is a display of a range of information that helps investors for ways to trade options on Ovintiv. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Ovintiv. It also shows strike prices and maturity days for a Ovintiv 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
OVV250417P000200001520.00.0 - 2.150.05Out
 Put
OVV250417P00025000825.00.0 - 1.350.3Out
 Put
OVV250417P0003000010330.00.0 - 2.20.2Out
 Put
OVV250417P0003500030935.00.05 - 0.650.26Out
 Put
OVV250417P0003600029036.00.1 - 0.80.38Out
 Put
OVV250417P0003700055937.00.15 - 0.750.7Out
 Put
OVV250417P0003800021738.00.45 - 0.850.65Out
 Put
OVV250417P0003900047239.00.65 - 0.80.8Out
 Put
OVV250417P0004000072140.00.85 - 1.01.1Out
 Put
OVV250417P0004100070141.01.1 - 1.251.05Out
 Put
OVV250417P0004200073942.01.4 - 1.552.05Out
 Put
OVV250417P00043000108743.01.8 - 1.952.55Out
 Put
OVV250417P0004400029644.02.2 - 2.42.85Out
 Put
OVV250417P0004500018445.02.55 - 2.952.95In
 Put
OVV250417P0004600018446.03.1 - 3.63.7In
 Put
OVV250417P0004700027847.03.7 - 4.24.2In
 Put
OVV250417P0004800017648.04.6 - 5.14.3In
 Put
OVV250417P0004900017249.04.8 - 5.66.78In
 Put
OVV250417P000500002150.05.9 - 6.95.55In
 Put
OVV250417P00055000055.010.0 - 11.79.0In
 Put
OVV250417P00060000060.015.1 - 17.115.1In
 Put
OVV250417P00065000065.020.0 - 22.020.0In

Ovintiv Corporate Management

Rachel CHRPExecutive ServicesProfile
Brendan McCrackenExecutive Vice President - Corporate Development and External RelationsProfile
Michael McAllisterPresidentProfile
Joanne AlexanderExecutive Vice President General Counsel, Corporate SecretaryProfile
Renee ZemljakExecutive Vice President of Midstream, Marketing and FundamentalsProfile

Additional Tools for Ovintiv Stock Analysis

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

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