SGRY250321P00020000 Option on Surgery Partners
SGRY Stock | USD 20.47 0.28 1.39% |
SGRY250321P00020000 is a PUT option contract on Surgery Partners' common stock with a strick price of 20.0 expiring on 2025-03-21. The contract was not traded in recent days and, as of today, has 58 days remaining before the expiration. The option is currently trading at a bid price of $0.9, and an ask price of $2.5. The implied volatility as of the 22nd of January is 58.0.
Surgery |
A put option written on Surgery Partners becomes more valuable as the price of Surgery Partners drops. Conversely, Surgery Partners' put option loses its value as Surgery Stock rises.
Rule 16 of 2025-03-21 Option Contract
The options market is anticipating that Surgery Partners will have an average daily up or down price movement of about 0.0384% per day over the life of the option. With Surgery Partners trading at USD 20.47, that is roughly USD 0.00786. If you think that the market is fully understating Surgery Partners' daily price movement you should consider buying Surgery Partners options at that current volatility level of 0.61%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on Surgery Partners
An 'Out of The Money' option on Surgery has a strike price that Surgery 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 Surgery Partners' 'Out of The Money' options include buying the options if you expect a big move in Surgery Partners' 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 Name | SGRY250321P00020000 |
Expires On | 2025-03-21 |
Days Before Expriration | 58 |
Vega | 0.031878 |
Gamma | 0.077119 |
Theoretical Value | 1.7 |
Open Interest | 2 |
Strike Price | 20.0 |
Last Traded At | 1.83 |
Current Price Spread | 0.9 | 2.5 |
Rule 16 Daily Up or Down | USD 0.00786 |
Surgery short PUT Option Greeks
Surgery Partners' Option Greeks for the contract ending on 2025-03-21 at a strike price of 20.0 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 Surgery Partners' option greeks, its implied volatility helps estimate the risk of Surgery Partners stock implied by the prices of the options on Surgery Partners' stock.
Delta | -0.405388 | |
Gamma | 0.077119 | |
Theta | -0.015573 | |
Vega | 0.031878 | |
Rho | -0.013637 |
Surgery long PUT Option Payoff at expiration
Put options written on Surgery Partners grant holders of the option the right to sell a specified amount of Surgery Partners 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 Surgery Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Surgery Partners is like buying insurance aginst Surgery Partners' downside shift.
Profit |
Surgery Partners Price At Expiration |
Surgery short PUT Option Payoff at expiration
By selling Surgery Partners' put option, the investors signal their bearish sentiment. A short position in a put option written on Surgery Partners will generally make money when the underlying price is above the strike price. Therefore Surgery Partners' put payoff at expiration depends on where the Surgery Stock price is relative to the put option strike price. The breakeven price of 18.3 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 Surgery Partners' price. Finally, at the strike price of 20.0, the payoff chart is constant and positive.
Profit |
Surgery Partners Price At Expiration |
Surgery Partners Available Put Options
Surgery Partners' option chain is a display of a range of information that helps investors for ways to trade options on Surgery. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Surgery. It also shows strike prices and maturity days for a Surgery Partners 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 | |||
Put | SGRY250321P00015000 | 0 | 15.0 | 0.0 - 2.2 | 2.2 | |
Put | SGRY250321P00017500 | 0 | 17.5 | 0.0 - 2.65 | 2.65 | |
Put | SGRY250321P00020000 | 2 | 20.0 | 0.9 - 2.5 | 1.83 | Out |
Put | SGRY250321P00022500 | 0 | 22.5 | 2.25 - 5.2 | 2.25 | In |
Put | SGRY250321P00025000 | 3 | 25.0 | 4.5 - 6.6 | 5.76 | In |
Put | SGRY250321P00030000 | 74 | 30.0 | 8.6 - 10.9 | 8.16 | In |
Put | SGRY250321P00035000 | 86 | 35.0 | 13.2 - 15.5 | 5.3 | In |
Put | SGRY250321P00040000 | 0 | 40.0 | 18.4 - 21.4 | 18.4 | In |
Put | SGRY250321P00045000 | 0 | 45.0 | 23.5 - 26.2 | 23.5 | In |
Put | SGRY250321P00050000 | 0 | 50.0 | 27.4 - 31.4 | 27.4 | In |
Surgery Partners Corporate Executives
Elected by the shareholders, the Surgery Partners' board of directors comprises two types of representatives: Surgery Partners inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Surgery. The board's role is to monitor Surgery Partners' management team and ensure that shareholders' interests are well served. Surgery Partners' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Surgery Partners' outside directors are responsible for providing unbiased perspectives on the board's policies.
David Doherty | Executive CFO | Profile | |
David CPA | Executive CFO | Profile |
Additional Tools for Surgery Stock Analysis
When running Surgery Partners' price analysis, check to measure Surgery Partners' 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 Surgery Partners is operating at the current time. Most of Surgery Partners' value examination focuses on studying past and present price action to predict the probability of Surgery Partners' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Surgery Partners' price. Additionally, you may evaluate how the addition of Surgery Partners to your portfolios can decrease your overall portfolio volatility.