CAR250919P00050000 Option on Avis Budget Group
CAR Stock | USD 169.05 5.17 2.97% |
CAR250919P00050000 is a PUT option contract on Avis Budget's common stock with a strick price of 50.0 expiring on 2025-09-19. The contract was not traded in recent days and, as of today, has 80 days remaining before the expiration. The option is currently trading at an ask price of $1.45. The implied volatility as of the 1st of July is 80.0.
When exercised, put options on Avis Budget produce a short position in Avis Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Avis Budget's downside price movement.
Rule 16 of 2025-09-19 Option Contract
The options market is anticipating that Avis Budget Group will have an average daily up or down price movement of about 0.0878% per day over the life of the option. With Avis Budget trading at USD 169.05, that is roughly USD 0.15. If you think that the market is fully understating Avis Budget's daily price movement you should consider buying Avis Budget Group options at that current volatility level of 1.41%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on Avis Budget
An 'Out of The Money' option on Avis has a strike price that Avis 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 Avis Budget's 'Out of The Money' options include buying the options if you expect a big move in Avis Budget'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 | CAR250919P00050000 |
Expires On | 2025-09-19 |
Days Before Expriration | 80 |
Vega | 0.029256 |
Gamma | 3.28E-4 |
Theoretical Value | 0.72 |
Open Interest | 1201 |
Strike Price | 50.0 |
Last Traded At | 0.56 |
Current Price Spread | 0.0 | 1.45 |
Rule 16 Daily Up or Down | USD 0.15 |
Avis short PUT Option Greeks
Avis Budget's Option Greeks for the contract ending on 2025-09-19 at a strike price of 50.0 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 Avis Budget's option greeks, its implied volatility helps estimate the risk of Avis Budget stock implied by the prices of the options on Avis Budget's stock.
Delta | -0.014475 | |
Gamma | 3.28E-4 | |
Theta | -0.025037 | |
Vega | 0.029256 | |
Rho | -0.006563 |
Avis long PUT Option Payoff at expiration
Put options written on Avis Budget grant holders of the option the right to sell a specified amount of Avis Budget 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 Avis Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Avis Budget is like buying insurance aginst Avis Budget's downside shift.
Profit |
Avis Budget Price At Expiration |
Avis short PUT Option Payoff at expiration
By selling Avis Budget's put option, the investors signal their bearish sentiment. A short position in a put option written on Avis Budget will generally make money when the underlying price is above the strike price. Therefore Avis Budget's put payoff at expiration depends on where the Avis Stock price is relative to the put option strike price. The breakeven price of 49.28 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 Avis Budget's price. Finally, at the strike price of 50.0, the payoff chart is constant and positive.
Profit |
Avis Budget Price At Expiration |
Avis Budget Group Available Put Options
Avis Budget's option chain is a display of a range of information that helps investors for ways to trade options on Avis. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Avis. It also shows strike prices and maturity days for a Avis Budget 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 | CAR250919P00260000 | 0 | 260.0 | 89.7 - 93.4 | 89.7 | In |
Put | CAR250919P00250000 | 0 | 250.0 | 81.0 - 83.6 | 81.0 | In |
Put | CAR250919P00240000 | 6 | 240.0 | 70.8 - 74.7 | 73.3 | In |
Put | CAR250919P00230000 | 1 | 230.0 | 62.2 - 65.6 | 61.0 | In |
Put | CAR250919P00220000 | 0 | 220.0 | 53.3 - 56.5 | 53.3 | In |
Put | CAR250919P00210000 | 0 | 210.0 | 45.8 - 48.0 | 45.8 | In |
Put | CAR250919P00200000 | 0 | 200.0 | 38.0 - 41.1 | 38.0 | In |
Put | CAR250919P00195000 | 9 | 195.0 | 34.8 - 37.6 | 37.5 | In |
Put | CAR250919P00190000 | 15 | 190.0 | 31.3 - 32.6 | 29.8 | In |
Put | CAR250919P00185000 | 23 | 185.0 | 27.2 - 30.6 | 28.74 | In |
Put | CAR250919P00180000 | 546 | 180.0 | 23.8 - 26.2 | 25.83 | In |
Put | CAR250919P00175000 | 1061 | 175.0 | 20.7 - 24.5 | 21.35 | In |
Put | CAR250919P00170000 | 280 | 170.0 | 19.2 - 21.1 | 21.8 | In |
Put | CAR250919P00165000 | 131 | 165.0 | 15.6 - 18.6 | 18.38 | Out |
Put | CAR250919P00160000 | 1307 | 160.0 | 14.2 - 15.0 | 14.8 | Out |
Put | CAR250919P00155000 | 28 | 155.0 | 12.1 - 12.9 | 13.71 | Out |
Put | CAR250919P00150000 | 54 | 150.0 | 10.0 - 10.8 | 11.7 | Out |
Put | CAR250919P00145000 | 4 | 145.0 | 8.2 - 9.0 | 9.0 | Out |
Put | CAR250919P00140000 | 1200 | 140.0 | 6.8 - 7.4 | 7.3 | Out |
Put | CAR250919P00135000 | 6 | 135.0 | 5.5 - 6.0 | 6.7 | Out |
Put | CAR250919P00130000 | 35 | 130.0 | 4.5 - 4.8 | 5.0 | Out |
Put | CAR250919P00125000 | 423 | 125.0 | 3.2 - 3.9 | 3.95 | Out |
Put | CAR250919P00120000 | 67 | 120.0 | 2.3 - 3.5 | 2.95 | Out |
Put | CAR250919P00115000 | 98 | 115.0 | 1.8 - 2.4 | 2.15 | Out |
Put | CAR250919P00110000 | 1077 | 110.0 | 1.2 - 1.85 | 1.33 | Out |
Put | CAR250919P00105000 | 100 | 105.0 | 0.8 - 2.55 | 1.95 | Out |
Put | CAR250919P00100000 | 1115 | 100.0 | 0.5 - 1.05 | 0.99 | Out |
Put | CAR250919P00095000 | 287 | 95.0 | 0.0 - 2.05 | 1.0 | Out |
Put | CAR250919P00090000 | 286 | 90.0 | 0.3 - 2.0 | 4.5 | Out |
Put | CAR250919P00085000 | 313 | 85.0 | 0.0 - 1.75 | 0.6 | Out |
Put | CAR250919P00080000 | 2233 | 80.0 | 0.0 - 1.65 | 1.4 | Out |
Put | CAR250919P00075000 | 922 | 75.0 | 0.0 - 0.75 | 0.35 | Out |
Put | CAR250919P00070000 | 3040 | 70.0 | 0.15 - 0.75 | 0.35 | Out |
Put | CAR250919P00065000 | 153 | 65.0 | 0.0 - 1.0 | 1.45 | Out |
Put | CAR250919P00060000 | 36 | 60.0 | 0.0 - 1.5 | 0.65 | Out |
Put | CAR250919P00055000 | 248 | 55.0 | 0.0 - 1.45 | 1.45 | Out |
Put | CAR250919P00050000 | 1201 | 50.0 | 0.0 - 1.45 | 0.56 | Out |
Put | CAR250919P00045000 | 163 | 45.0 | 0.0 - 2.15 | 2.15 | Out |
Put | CAR250919P00040000 | 281 | 40.0 | 0.0 - 1.35 | 1.35 | Out |
Put | CAR250919P00035000 | 15 | 35.0 | 0.0 - 1.4 | 1.4 | Out |
Avis Budget Corporate Management
Jean Sera | General VP | Profile | |
Brian Choi | Executive Officer | Profile | |
Bernardo Hees | NonIndependent Chairman | Profile | |
John ONeill | Senior Operations | Profile | |
Vanessa Wolczak | Head Marketing | Profile |
Additional Tools for Avis Stock Analysis
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