ALK251017P00030000 Option on Alaska Air Group

ALK Stock  USD 53.15  0.03  0.06%   
ALK251017P00030000 is a PUT option contract on Alaska Air's common stock with a strick price of 30.0 expiring on 2025-10-17. The contract was not traded in recent days and, as of today, has 89 days remaining before the expiration. The option is currently trading at an ask price of $0.7. The implied volatility as of the 20th of July is 89.0.
When exercised, put options on Alaska Air produce a short position in Alaska Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Alaska Air's downside price movement.

Rule 16 of 2025-10-17 Option Contract

The options market is anticipating that Alaska Air Group will have an average daily up or down price movement of about 0.0459% per day over the life of the option. With Alaska Air trading at USD 53.15, that is roughly USD 0.0244. If you think that the market is fully understating Alaska Air's daily price movement you should consider buying Alaska Air Group options at that current volatility level of 0.73%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put Option on Alaska Air

An 'Out of The Money' option on Alaska has a strike price that Alaska 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 Alaska Air's 'Out of The Money' options include buying the options if you expect a big move in Alaska Air'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 NameALK251017P00030000
Expires On2025-10-17
Days Before Expriration89
Vega0.022245
Gamma0.004346
Theoretical Value0.35
Open Interest104
Strike Price30.0
Last Traded At0.25
Current Price Spread0.0 | 0.7
Rule 16 Daily Up or DownUSD 0.0244

Alaska short PUT Option Greeks

Alaska Air's Option Greeks for the contract ending on 2025-10-17 at a strike price of 30.0 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 Alaska Air's option greeks, its implied volatility helps estimate the risk of Alaska Air stock implied by the prices of the options on Alaska Air's stock.
Delta-0.038973
Gamma0.004346
Theta-0.008957
Vega0.022245
Rho-0.005547

Alaska long PUT Option Payoff at expiration

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

Alaska short PUT Option Payoff at expiration

By selling Alaska Air's put option, the investors signal their bearish sentiment. A short position in a put option written on Alaska Air will generally make money when the underlying price is above the strike price. Therefore Alaska Air's put payoff at expiration depends on where the Alaska Stock price is relative to the put option strike price. The breakeven price of 29.65 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 Alaska Air's price. Finally, at the strike price of 30.0, the payoff chart is constant and positive.
   Profit   
       Alaska Air Price At Expiration  
View All Alaska Air Options

Alaska Air Group Available Put Options

Alaska Air's option chain is a display of a range of information that helps investors for ways to trade options on Alaska. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Alaska. It also shows strike prices and maturity days for a Alaska Air 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
 Put
ALK251017P000250003025.00.0 - 1.151.15Out
 Put
ALK251017P000275004627.50.0 - 1.451.45Out
 Put
ALK251017P0003000010430.00.0 - 0.70.25Out
 Put
ALK251017P000325006432.50.0 - 0.60.45Out
 Put
ALK251017P00035000229935.00.05 - 0.650.32Out
 Put
ALK251017P0003750067937.50.4 - 0.550.5Out
 Put
ALK251017P0004000061140.00.65 - 0.80.66Out
 Put
ALK251017P00042500117742.50.95 - 1.151.02Out
 Put
ALK251017P0004500063645.01.4 - 1.61.55Out
 Put
ALK251017P0004750040947.52.05 - 2.22.2Out
 Put
ALK251017P00050000118750.02.9 - 3.02.99Out
 Put
ALK251017P0005250052452.53.9 - 4.14.1Out
 Put
ALK251017P0005500042655.05.2 - 5.45.2In
 Put
ALK251017P0005750013857.56.7 - 6.96.9In
 Put
ALK251017P000600003060.08.4 - 8.78.4In
 Put
ALK251017P000625001962.510.3 - 10.610.3In
 Put
ALK251017P000650005465.012.4 - 12.713.9In
 Put
ALK251017P00067500767.514.6 - 14.914.6In
 Put
ALK251017P00070000170.016.8 - 17.516.8In
 Put
ALK251017P00075000175.019.9 - 22.119.9In
 Put
ALK251017P00077500077.523.2 - 25.523.2In
 Put
ALK251017P00080000080.025.8 - 28.425.8In
 Put
ALK251017P00082500982.528.1 - 30.528.1In
 Put
ALK251017P00085000085.030.6 - 33.130.6In
 Put
ALK251017P00090000090.035.7 - 38.235.7In
 Put
ALK251017P00095000095.040.6 - 43.640.6In
 Put
ALK251017P001000000100.046.0 - 47.346.0In
 Put
ALK251017P001050000105.050.7 - 53.650.7In
 Put
ALK251017P001100000110.055.7 - 58.755.7In

Alaska Air Corporate Directors

Jessie KnightIndependent DirectorProfile
Helvi SandvikIndependent DirectorProfile
Patricia BedientLead Independent DirectorProfile
Susan LiIndependent DirectorProfile
When determining whether Alaska Air Group is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Alaska Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Alaska Air Group Stock. Highlighted below are key reports to facilitate an investment decision about Alaska Air Group Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alaska Air Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Passenger Airlines 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 Alaska Air. If investors know Alaska 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 Alaska Air 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
0.704
Earnings Share
2.78
Revenue Per Share
100.776
Quarterly Revenue Growth
0.405
Return On Assets
0.0334
The market value of Alaska Air Group is measured differently than its book value, which is the value of Alaska that is recorded on the company's balance sheet. Investors also form their own opinion of Alaska Air's value that differs from its market value or its book value, called intrinsic value, which is Alaska Air'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 Alaska Air's market value can be influenced by many factors that don't directly affect Alaska Air'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 Alaska Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alaska Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alaska Air'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.