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 Name | ALK251017P00030000 |
Expires On | 2025-10-17 |
Days Before Expriration | 89 |
Vega | 0.022245 |
Gamma | 0.004346 |
Theoretical Value | 0.35 |
Open Interest | 104 |
Strike Price | 30.0 |
Last Traded At | 0.25 |
Current Price Spread | 0.0 | 0.7 |
Rule 16 Daily Up or Down | USD 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 | |
Gamma | 0.004346 | |
Theta | -0.008957 | |
Vega | 0.022245 | |
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 |
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 Int | Strike Price | Current Spread | Last Price | |||
Put | ALK251017P00025000 | 30 | 25.0 | 0.0 - 1.15 | 1.15 | Out |
Put | ALK251017P00027500 | 46 | 27.5 | 0.0 - 1.45 | 1.45 | Out |
Put | ALK251017P00030000 | 104 | 30.0 | 0.0 - 0.7 | 0.25 | Out |
Put | ALK251017P00032500 | 64 | 32.5 | 0.0 - 0.6 | 0.45 | Out |
Put | ALK251017P00035000 | 2299 | 35.0 | 0.05 - 0.65 | 0.32 | Out |
Put | ALK251017P00037500 | 679 | 37.5 | 0.4 - 0.55 | 0.5 | Out |
Put | ALK251017P00040000 | 611 | 40.0 | 0.65 - 0.8 | 0.66 | Out |
Put | ALK251017P00042500 | 1177 | 42.5 | 0.95 - 1.15 | 1.02 | Out |
Put | ALK251017P00045000 | 636 | 45.0 | 1.4 - 1.6 | 1.55 | Out |
Put | ALK251017P00047500 | 409 | 47.5 | 2.05 - 2.2 | 2.2 | Out |
Put | ALK251017P00050000 | 1187 | 50.0 | 2.9 - 3.0 | 2.99 | Out |
Put | ALK251017P00052500 | 524 | 52.5 | 3.9 - 4.1 | 4.1 | Out |
Put | ALK251017P00055000 | 426 | 55.0 | 5.2 - 5.4 | 5.2 | In |
Put | ALK251017P00057500 | 138 | 57.5 | 6.7 - 6.9 | 6.9 | In |
Put | ALK251017P00060000 | 30 | 60.0 | 8.4 - 8.7 | 8.4 | In |
Put | ALK251017P00062500 | 19 | 62.5 | 10.3 - 10.6 | 10.3 | In |
Put | ALK251017P00065000 | 54 | 65.0 | 12.4 - 12.7 | 13.9 | In |
Put | ALK251017P00067500 | 7 | 67.5 | 14.6 - 14.9 | 14.6 | In |
Put | ALK251017P00070000 | 1 | 70.0 | 16.8 - 17.5 | 16.8 | In |
Put | ALK251017P00075000 | 1 | 75.0 | 19.9 - 22.1 | 19.9 | In |
Put | ALK251017P00077500 | 0 | 77.5 | 23.2 - 25.5 | 23.2 | In |
Put | ALK251017P00080000 | 0 | 80.0 | 25.8 - 28.4 | 25.8 | In |
Put | ALK251017P00082500 | 9 | 82.5 | 28.1 - 30.5 | 28.1 | In |
Put | ALK251017P00085000 | 0 | 85.0 | 30.6 - 33.1 | 30.6 | In |
Put | ALK251017P00090000 | 0 | 90.0 | 35.7 - 38.2 | 35.7 | In |
Put | ALK251017P00095000 | 0 | 95.0 | 40.6 - 43.6 | 40.6 | In |
Put | ALK251017P00100000 | 0 | 100.0 | 46.0 - 47.3 | 46.0 | In |
Put | ALK251017P00105000 | 0 | 105.0 | 50.7 - 53.6 | 50.7 | In |
Put | ALK251017P00110000 | 0 | 110.0 | 55.7 - 58.7 | 55.7 | In |
Alaska Air Corporate Directors
Jessie Knight | Independent Director | Profile | |
Helvi Sandvik | Independent Director | Profile | |
Patricia Bedient | Lead Independent Director | Profile | |
Susan Li | Independent Director | Profile |
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 | Quarterly Revenue Growth 0.405 | Return On Assets |
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.