URNM250417C00045000 Option on Sprott Uranium Miners
URNM Etf | USD 41.83 0.72 1.75% |
URNM250417C00045000 is a PUT option contract on Sprott Uranium's common stock with a strick price of 45.0 expiring on 2025-04-17. The contract was not traded in recent days and, as of today, has 87 days remaining before the expiration. The option is currently trading at a bid price of $1.75, and an ask price of $2.0. The implied volatility as of the 20th of January is 87.0.
Sprott |
When exercised, put options on Sprott Uranium produce a short position in Sprott Etf. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Sprott Uranium's downside price movement.
Rule 16 of 2025-04-17 Option Contract
The options market is anticipating that Sprott Uranium Miners will have an average daily up or down price movement of about 0.0223% per day over the life of the option. With Sprott Uranium trading at USD 41.83, that is roughly USD 0.009341. If you think that the market is fully understating Sprott Uranium's daily price movement you should consider buying Sprott Uranium Miners 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.
Out Of The Money Call Option on Sprott Uranium
An 'Out of The Money' option on Sprott has a strike price that Sprott Etf 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 Sprott Uranium's 'Out of The Money' options include buying the options if you expect a big move in Sprott Uranium'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.
Call Contract Name | URNM250417C00045000 |
Expires On | 2025-04-17 |
Days Before Expriration | 87 |
Delta | 0.395243 |
Vega | 0.079542 |
Gamma | 0.052196 |
Theoretical Value | 1.88 |
Open Interest | 108 |
Current Trading Volume | 9.0 |
Strike Price | 45.0 |
Last Traded At | 2.05 |
Current Price Spread | 1.75 | 2.0 |
Rule 16 Daily Up or Down | USD 0.009341 |
Sprott short PUT Option Greeks
Sprott Uranium's Option Greeks for the contract ending on 2025-04-17 at a strike price of 45.0 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 Sprott Uranium's option greeks, its implied volatility helps estimate the risk of Sprott Uranium stock implied by the prices of the options on Sprott Uranium's stock.
Delta | 0.395243 | |
Gamma | 0.052196 | |
Theta | -0.017715 | |
Vega | 0.079542 | |
Rho | 0.035744 |
Sprott long PUT Option Payoff at expiration
Put options written on Sprott Uranium grant holders of the option the right to sell a specified amount of Sprott Uranium 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 Sprott Etf cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Sprott Uranium is like buying insurance aginst Sprott Uranium's downside shift.
Profit |
Sprott Uranium Price At Expiration |
Sprott short PUT Option Payoff at expiration
By selling Sprott Uranium's put option, the investors signal their bearish sentiment. A short position in a put option written on Sprott Uranium will generally make money when the underlying price is above the strike price. Therefore Sprott Uranium's put payoff at expiration depends on where the Sprott Etf price is relative to the put option strike price. The breakeven price of 46.88 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 Sprott Uranium's price. Finally, at the strike price of 45.0, the payoff chart is constant and positive.
Profit |
Sprott Uranium Price At Expiration |
Sprott Uranium Miners Available Call Options
Sprott Uranium's option chain is a display of a range of information that helps investors for ways to trade options on Sprott. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Sprott. It also shows strike prices and maturity days for a Sprott Uranium 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 | |||
Call | URNM250417C00020000 | 2 | 20.0 | 20.1 - 24.2 | 32.32 | In |
Call | URNM250417C00030000 | 1 | 30.0 | 11.6 - 14.9 | 11.61 | In |
Call | URNM250417C00034000 | 4 | 34.0 | 7.6 - 9.9 | 8.67 | In |
Call | URNM250417C00035000 | 3 | 35.0 | 7.4 - 8.5 | 10.52 | In |
Call | URNM250417C00036000 | 1 | 36.0 | 5.1 - 9.3 | 5.88 | In |
Call | URNM250417C00037000 | 9 | 37.0 | 5.9 - 8.1 | 6.0 | In |
Call | URNM250417C00039000 | 12 | 39.0 | 3.4 - 4.9 | 4.3 | In |
Call | URNM250417C00040000 | 74 | 40.0 | 4.0 - 4.3 | 4.15 | In |
Call | URNM250417C00041000 | 139 | 41.0 | 3.3 - 4.8 | 5.4 | In |
Call | URNM250417C00042000 | 41 | 42.0 | 0.75 - 3.2 | 3.03 | Out |
Call | URNM250417C00043000 | 18 | 43.0 | 1.55 - 5.0 | 2.39 | Out |
Call | URNM250417C00044000 | 28 | 44.0 | 0.25 - 5.0 | 2.45 | Out |
Call | URNM250417C00045000 | 108 | 45.0 | 1.75 - 2.0 | 2.05 | Out |
Call | URNM250417C00046000 | 145 | 46.0 | 1.5 - 1.65 | 1.65 | Out |
Call | URNM250417C00047000 | 166 | 47.0 | 0.0 - 2.9 | 1.4 | Out |
Call | URNM250417C00048000 | 66 | 48.0 | 1.05 - 1.2 | 1.2 | Out |
Call | URNM250417C00049000 | 35 | 49.0 | 0.9 - 1.05 | 1.05 | Out |
Call | URNM250417C00050000 | 300 | 50.0 | 0.75 - 0.9 | 0.8 | Out |
Call | URNM250417C00051000 | 1129 | 51.0 | 0.6 - 0.75 | 0.63 | Out |
Call | URNM250417C00052000 | 54 | 52.0 | 0.0 - 1.65 | 0.65 | Out |
Call | URNM250417C00053000 | 58 | 53.0 | 0.0 - 0.6 | 0.51 | Out |
Call | URNM250417C00054000 | 46 | 54.0 | 0.3 - 0.5 | 0.45 | Out |
Call | URNM250417C00055000 | 1575 | 55.0 | 0.25 - 0.45 | 0.39 | Out |
Call | URNM250417C00056000 | 1006 | 56.0 | 0.2 - 0.4 | 0.38 | Out |
Call | URNM250417C00057000 | 7 | 57.0 | 0.15 - 0.35 | 0.26 | Out |
Call | URNM250417C00058000 | 1 | 58.0 | 0.1 - 0.3 | 0.62 | Out |
Call | URNM250417C00059000 | 14 | 59.0 | 0.05 - 1.8 | 0.51 | Out |
Call | URNM250417C00060000 | 552 | 60.0 | 0.05 - 0.3 | 0.2 | Out |
Call | URNM250417C00065000 | 54 | 65.0 | 0.0 - 0.25 | 0.2 | Out |
Call | URNM250417C00070000 | 29 | 70.0 | 0.0 - 2.0 | 0.8 | Out |
Call | URNM250417C00075000 | 0 | 75.0 | 0.0 - 2.15 | 2.15 |
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The market value of Sprott Uranium Miners is measured differently than its book value, which is the value of Sprott that is recorded on the company's balance sheet. Investors also form their own opinion of Sprott Uranium's value that differs from its market value or its book value, called intrinsic value, which is Sprott Uranium'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 Sprott Uranium's market value can be influenced by many factors that don't directly affect Sprott Uranium'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 Sprott Uranium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Uranium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Uranium'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.