SSRM250321P00006000 Option on SSR Mining
SSRM Stock | USD 10.23 0.27 2.57% |
SSRM250321P00006000 is a PUT option contract on SSR Mining's common stock with a strick price of 6.0 expiring on 2025-03-21. The contract was not traded in recent days and, as of today, has 24 days remaining before the expiration. The option is currently trading at an ask price of $0.2. The implied volatility as of the 25th of February is 24.0.
SSR |
When exercised, put options on SSR Mining produce a short position in SSR Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on SSR Mining's downside price movement.
Rule 16 of 2025-03-21 Option Contract
The options market is anticipating that SSR Mining will have an average daily up or down price movement of about 0.0793% per day over the life of the option. With SSR Mining trading at USD 10.23, that is roughly USD 0.008114. If you think that the market is fully understating SSR Mining's daily price movement you should consider buying SSR Mining options at that current volatility level of 1.27%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on SSR Mining
An 'Out of The Money' option on SSR has a strike price that SSR 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 SSR Mining's 'Out of The Money' options include buying the options if you expect a big move in SSR Mining'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 Name | SSRM250321P00006000 |
Expires On | 2025-03-21 |
Days Before Expriration | 24 |
Vega | 0.001988 |
Gamma | 0.020855 |
Theoretical Value | 0.05 |
Open Interest | 355 |
Current Trading Volume | 10.0 |
Strike Price | 6.0 |
Last Traded At | 0.05 |
Current Price Spread | 0.0 | 0.2 |
Rule 16 Daily Up or Down | USD 0.008114 |
SSR short PUT Option Greeks
SSR Mining's Option Greeks for the contract ending on 2025-03-21 at a strike price of 6.0 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 SSR Mining's option greeks, its implied volatility helps estimate the risk of SSR Mining stock implied by the prices of the options on SSR Mining's stock.
Delta | -0.032424 | |
Gamma | 0.020855 | |
Theta | -0.005026 | |
Vega | 0.001988 | |
Rho | -2.49E-4 |
SSR long PUT Option Payoff at expiration
Put options written on SSR Mining grant holders of the option the right to sell a specified amount of SSR Mining 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 SSR Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on SSR Mining is like buying insurance aginst SSR Mining's downside shift.
Profit |
SSR Mining Price At Expiration |
SSR short PUT Option Payoff at expiration
By selling SSR Mining's put option, the investors signal their bearish sentiment. A short position in a put option written on SSR Mining will generally make money when the underlying price is above the strike price. Therefore SSR Mining's put payoff at expiration depends on where the SSR Stock price is relative to the put option strike price. The breakeven price of 5.95 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 SSR Mining's price. Finally, at the strike price of 6.0, the payoff chart is constant and positive.
Profit |
SSR Mining Price At Expiration |
SSR Mining Available Put Options
SSR Mining's option chain is a display of a range of information that helps investors for ways to trade options on SSR. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for SSR. It also shows strike prices and maturity days for a SSR Mining 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 | SSRM250417P00009000 | 40 | 9.0 | 0.25 - 0.35 | 0.27 | Out |
Put | SSRM250417P00010000 | 13 | 10.0 | 0.6 - 0.7 | 0.72 | Out |
Put | SSRM250417P00011000 | 0 | 11.0 | 1.1 - 1.15 | 1.1 | In |
Put | SSRM250417P00012000 | 1 | 12.0 | 1.8 - 1.9 | 1.92 | In |
Put | SSRM250417P00013000 | 0 | 13.0 | 2.6 - 2.75 | 2.6 | In |
Put | SSRM250417P00014000 | 0 | 14.0 | 3.5 - 4.3 | 3.5 | In |
Put | SSRM250417P00015000 | 0 | 15.0 | 4.5 - 4.7 | 4.5 | In |
Put | SSRM250417P00016000 | 0 | 16.0 | 4.7 - 6.3 | 4.7 | In |
Put | SSRM250417P00017000 | 0 | 17.0 | 6.4 - 7.4 | 6.4 | In |
Put | SSRM250417P00020000 | 0 | 20.0 | 9.4 - 10.4 | 9.4 | In |
SSR Mining Corporate Management
Susan Gehoski | Vice Resources | Profile | |
Alex Hunchak | Director Relations | Profile | |
BSc BSc | Ex COO | Profile | |
Joanne Thomopoulos | Executive Resources | Profile | |
Accountancy BBus | CEO Pres | Profile | |
Finance BCom | Executive Officer | Profile |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SSR Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in SSR Stock, please use our How to Invest in SSR Mining guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SSR Mining. If investors know SSR will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SSR Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.29) | Earnings Share (1.29) | Revenue Per Share | Quarterly Revenue Growth (0.24) | Return On Assets |
The market value of SSR Mining is measured differently than its book value, which is the value of SSR that is recorded on the company's balance sheet. Investors also form their own opinion of SSR Mining's value that differs from its market value or its book value, called intrinsic value, which is SSR Mining'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 SSR Mining's market value can be influenced by many factors that don't directly affect SSR Mining'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 SSR Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if SSR Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SSR Mining'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.