TT250321C00340000 Option on Trane Technologies plc

TT Stock  USD 362.75  3.57  0.97%   
TT250321C00340000 is a PUT option contract on Trane Technologies' common stock with a strick price of 340.0 expiring on 2025-03-21. The contract was not traded in recent days and, as of today, has 48 days remaining before the expiration. The option is currently trading at a bid price of $30.0, and an ask price of $32.9. The implied volatility as of the 1st of February is 48.0.
  
When exercised, put options on Trane Technologies produce a short position in Trane Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Trane Technologies' downside price movement.

Rule 16 of 2025-03-21 Option Contract

The options market is anticipating that Trane Technologies plc will have an average daily up or down price movement of about 0.0156% per day over the life of the option. With Trane Technologies trading at USD 362.75, that is roughly USD 0.0567. If you think that the market is fully understating Trane Technologies' daily price movement you should consider buying Trane Technologies plc options at that current volatility level of 0.25%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

In The Money Call Option on Trane Technologies

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 Trane Technologies 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 Trane Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
Call Contract NameTT250321C00340000
Expires On2025-03-21
Days Before Expriration48
Delta0.81617
Vega0.358781
Gamma0.007809
Theoretical Value31.45
Open Interest10
Current Trading Volume1.0
Strike Price340.0
Last Traded At27.25
Current Price Spread30.0 | 32.9
Rule 16 Daily Up or DownUSD 0.0567

Trane short PUT Option Greeks

Trane Technologies' Option Greeks for the contract ending on 2025-03-21 at a strike price of 340.0 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 Trane Technologies' option greeks, its implied volatility helps estimate the risk of Trane Technologies stock implied by the prices of the options on Trane Technologies' stock.
Delta0.81617
Gamma0.007809
Theta-0.114816
Vega0.358781
Rho0.366486

Trane long PUT Option Payoff at expiration

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

Trane short PUT Option Payoff at expiration

By selling Trane Technologies' put option, the investors signal their bearish sentiment. A short position in a put option written on Trane Technologies will generally make money when the underlying price is above the strike price. Therefore Trane Technologies' put payoff at expiration depends on where the Trane Stock price is relative to the put option strike price. The breakeven price of 371.45 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 Trane Technologies' price. Finally, at the strike price of 340.0, the payoff chart is constant and positive.
   Profit   
       Trane Technologies Price At Expiration  
View All Trane Technologies Options

Trane Technologies plc Available Call Options

Trane Technologies' option chain is a display of a range of information that helps investors for ways to trade options on Trane. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Trane. It also shows strike prices and maturity days for a Trane Technologies 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
TT250321C001850002185.0180.0 - 184.4229.47In
Call
TT250321C002000001200.0165.0 - 169.3174.5In
Call
TT250321C0022000030220.0145.3 - 149.2171.02In
Call
TT250321C0027000023270.095.7 - 98.6124.19In
Call
TT250321C002800001280.085.9 - 89.384.3In
Call
TT250321C002900001290.076.2 - 79.256.7In
Call
TT250321C003000005300.066.4 - 69.4118.07In
Call
TT250321C0032000021320.047.8 - 50.898.5In
Call
TT250321C003300004330.038.6 - 41.235.15In
Call
TT250321C0034000010340.030.0 - 32.927.25In
Call
TT250321C00350000148350.022.9 - 25.822.59In
Call
TT250321C00360000125360.015.9 - 18.318.7In
Call
TT250321C0037000052370.010.4 - 13.612.4Out
Call
TT250321C0038000059380.07.1 - 8.37.7Out
Call
TT250321C00390000210390.02.9 - 5.24.7Out
Call
TT250321C00400000201400.02.2 - 3.22.95Out
Call
TT250321C00410000155410.00.8 - 2.51.79Out
Call
TT250321C00420000144420.00.55 - 1.50.6Out
Call
TT250321C00430000134430.00.0 - 1.051.0Out
Call
TT250321C00440000126440.00.0 - 0.950.37Out
Call
TT250321C0045000092450.00.0 - 0.750.38Out
Call
TT250321C0046000037460.00.0 - 0.750.83Out
Call
TT250321C00470000165470.00.05 - 0.750.8Out
Call
TT250321C0048000015480.00.0 - 0.750.45Out
Call
TT250321C0049000030490.00.0 - 0.50.25Out
Call
TT250321C0050000018500.00.0 - 0.750.19Out
Call
TT250321C00520000878520.00.0 - 0.750.2Out
Call
TT250321C005400001540.00.0 - 0.750.35Out
Call
TT250321C005600000560.00.0 - 0.750.75Out

Trane Technologies Corporate Management

Heather HowlettChief Accounting Officer, Vice PresidentProfile
Richard SwiftLead Independent DirectorProfile
Zachary NagleVice RelationsProfile
Mark MajochaChief VPProfile
Mauro AtallaChief OfficerProfile

Additional Tools for Trane Stock Analysis

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