CBU250815P00065000 Option on Community Bank System

CBU Stock  USD 57.92  0.51  0.87%   
CBU250815P00065000 is a PUT option contract on Community Bank's common stock with a strick price of 65.0 expiring on 2025-08-15. The contract was not traded in recent days and, as of today, has 23 days remaining before the expiration. The option is currently trading at a bid price of $6.5, and an ask price of $11.3. The implied volatility as of the 23rd of July is 23.0.
When exercised, put options on Community Bank produce a short position in Community Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Community Bank's downside price movement.

Rule 16 of 2025-08-15 Option Contract

The options market is anticipating that Community Bank System will have an average daily up or down price movement of about 0.0565% per day over the life of the option. With Community Bank trading at USD 57.92, that is roughly USD 0.0327. If you think that the market is fully understating Community Bank's daily price movement you should consider buying Community Bank System options at that current volatility level of 0.9%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

In The Money Put Option on Community Bank

An 'In The Money' option is one with a strike price that the current stock price has already surpassed. Some options investors can hedge their Community Bank positions using in-the-money options. They may also want to buy options with some intrinsic value, not just time value. However, because in-the-money options on Community Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
Put Contract NameCBU250815P00065000
Expires On2025-08-15
Days Before Expriration23
Vega0.049093
Gamma0.026666
Theoretical Value11.3
Open Interest1
Strike Price65.0
Last Traded At8.0
Current Price Spread6.5 | 11.3
Rule 16 Daily Up or DownUSD 0.0327

Community short PUT Option Greeks

Community Bank's Option Greeks for the contract ending on 2025-08-15 at a strike price of 65.0 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 Community Bank's option greeks, its implied volatility helps estimate the risk of Community Bank stock implied by the prices of the options on Community Bank's stock.
Delta-0.705898
Gamma0.026666
Theta-0.090422
Vega0.049093
Rho-0.026644

Community long PUT Option Payoff at expiration

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

Community short PUT Option Payoff at expiration

By selling Community Bank's put option, the investors signal their bearish sentiment. A short position in a put option written on Community Bank will generally make money when the underlying price is above the strike price. Therefore Community Bank's put payoff at expiration depends on where the Community Stock price is relative to the put option strike price. The breakeven price of 53.7 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 Community Bank's price. Finally, at the strike price of 65.0, the payoff chart is constant and positive.
   Profit   
       Community Bank Price At Expiration  
View All Community Bank Options

Community Bank System Available Put Options

Community Bank's option chain is a display of a range of information that helps investors for ways to trade options on Community. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Community. It also shows strike prices and maturity days for a Community Bank 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
CBU250919P00080000080.021.5 - 26.421.5In
 Put
CBU250919P00075000075.016.5 - 21.516.5In
 Put
CBU250919P00070000070.011.5 - 16.511.5In
 Put
CBU250919P00065000065.07.0 - 11.57.0In
 Put
CBU250919P00060000060.02.5 - 7.54.71In
 Put
CBU250919P00055000055.00.0 - 4.84.8Out
 Put
CBU250919P00050000050.00.0 - 4.84.8Out
 Put
CBU250919P00045000045.00.0 - 4.84.8Out
 Put
CBU250919P00040000040.00.0 - 4.84.8Out
 Put
CBU250919P00035000035.00.0 - 4.84.8Out

Community Bank Corporate Directors

Eric StickelsIndependent DirectorProfile
John WhippleLead Independent DirectorProfile
Brian AceIndependent DirectorProfile
Raymond PecorIndependent DirectorProfile

Additional Tools for Community Stock Analysis

When running Community Bank's price analysis, check to measure Community Bank'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 Community Bank is operating at the current time. Most of Community Bank's value examination focuses on studying past and present price action to predict the probability of Community Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Community Bank's price. Additionally, you may evaluate how the addition of Community Bank to your portfolios can decrease your overall portfolio volatility.