WIT250321P00002500 Option on Wipro Limited ADR
WIT Stock | USD 3.67 0.15 4.26% |
WIT250321P00002500 is a PUT option contract on Wipro Limited's common stock with a strick price of 2.5 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 an ask price of $0.05. The implied volatility as of the 22nd of January is 58.0.
Wipro |
When exercised, put options on Wipro Limited produce a short position in Wipro Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Wipro Limited's downside price movement.
Rule 16 of 2025-03-21 Option Contract
The options market is anticipating that Wipro Limited ADR will have an average daily up or down price movement of about 0.0379% per day over the life of the option. With Wipro Limited trading at USD 3.67, that is roughly USD 0.001391. If you think that the market is fully understating Wipro Limited's daily price movement you should consider buying Wipro Limited ADR 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 Wipro Limited
An 'Out of The Money' option on Wipro has a strike price that Wipro 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 Wipro Limited's 'Out of The Money' options include buying the options if you expect a big move in Wipro Limited'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 | WIT250321P00002500 |
Expires On | 2025-03-21 |
Days Before Expriration | 58 |
Vega | 0.00171 |
Gamma | 0.140862 |
Theoretical Value | 0.03 |
Open Interest | 17 |
Strike Price | 2.5 |
Last Traded At | 0.05 |
Current Price Spread | 0.0 | 0.05 |
Rule 16 Daily Up or Down | USD 0.001391 |
Wipro short PUT Option Greeks
Wipro Limited's Option Greeks for the contract ending on 2025-03-21 at a strike price of 2.5 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 Wipro Limited's option greeks, its implied volatility helps estimate the risk of Wipro Limited stock implied by the prices of the options on Wipro Limited's stock.
Delta | -0.061138 | |
Gamma | 0.140862 | |
Theta | -8.59E-4 | |
Vega | 0.00171 | |
Rho | -3.6E-4 |
Wipro long PUT Option Payoff at expiration
Put options written on Wipro Limited grant holders of the option the right to sell a specified amount of Wipro Limited 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 Wipro Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Wipro Limited is like buying insurance aginst Wipro Limited's downside shift.
Profit |
Wipro Limited Price At Expiration |
Wipro short PUT Option Payoff at expiration
By selling Wipro Limited's put option, the investors signal their bearish sentiment. A short position in a put option written on Wipro Limited will generally make money when the underlying price is above the strike price. Therefore Wipro Limited's put payoff at expiration depends on where the Wipro Stock price is relative to the put option strike price. The breakeven price of 2.47 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 Wipro Limited's price. Finally, at the strike price of 2.5, the payoff chart is constant and positive.
Profit |
Wipro Limited Price At Expiration |
Wipro Limited ADR Available Put Options
Wipro Limited's option chain is a display of a range of information that helps investors for ways to trade options on Wipro. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Wipro. It also shows strike prices and maturity days for a Wipro Limited 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 | WIT250321P00001250 | 0 | 1.25 | 0.0 - 0.75 | 0.75 | |
Put | WIT250321P00002500 | 17 | 2.5 | 0.0 - 0.05 | 0.05 | Out |
Put | WIT250321P00003750 | 8 | 3.75 | 0.0 - 0.5 | 0.48 | In |
Put | WIT250321P00005000 | 0 | 5.0 | 0.7 - 1.65 | 0.06 | In |
Put | WIT250321P00006250 | 0 | 6.25 | 2.3 - 2.9 | 2.3 | In |
Put | WIT250321P00007500 | 3 | 7.5 | 0.0 - 0.85 | 0.85 | In |
Put | WIT250321P00010000 | 0 | 10.0 | 1.45 - 3.1 | 1.45 | In |
Put | WIT250321P00012500 | 0 | 12.5 | 4.1 - 5.6 | 4.1 | In |
Wipro Limited Corporate Directors
William Owens | Non-Executive Independent Director | Profile | |
Patrick Ennis | Non-Executive Independent Director | Profile | |
Patrick Dupuis | Non-Executive Independent Director | Profile | |
Ireena Vittal | Non-Executive Independent Director | Profile |
Additional Tools for Wipro Stock Analysis
When running Wipro Limited's price analysis, check to measure Wipro Limited'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 Wipro Limited is operating at the current time. Most of Wipro Limited's value examination focuses on studying past and present price action to predict the probability of Wipro Limited's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wipro Limited's price. Additionally, you may evaluate how the addition of Wipro Limited to your portfolios can decrease your overall portfolio volatility.