CCNE250919P00022500 Option on CNB Financial
CCNE Stock | USD 23.69 0.01 0.04% |
CCNE250919P00022500 is a PUT option contract on CNB Financial's common stock with a strick price of 22.5 expiring on 2025-09-19. The contract was not traded in recent days and, as of today, has 60 days remaining before the expiration. The option is currently trading at an ask price of $5.0. The implied volatility as of the 21st of July is 60.0.
When exercised, put options on CNB Financial produce a short position in CNB Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on CNB Financial's downside price movement.
Rule 16 of 2025-09-19 Option Contract
The options market is anticipating that CNB Financial will have an average daily up or down price movement of about 0.0527% per day over the life of the option. With CNB Financial trading at USD 23.69, that is roughly USD 0.0125. If you think that the market is fully understating CNB Financial's daily price movement you should consider buying CNB Financial options at that current volatility level of 0.84%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on CNB Financial
An 'Out of The Money' option on CNB has a strike price that CNB 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 CNB Financial's 'Out of The Money' options include buying the options if you expect a big move in CNB Financial'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 | CCNE250919P00022500 |
Expires On | 2025-09-19 |
Days Before Expriration | 60 |
Vega | 0.038179 |
Gamma | 0.04192 |
Theoretical Value | 2.5 |
Open Interest | 2 |
Strike Price | 22.5 |
Last Traded At | 1.0 |
Current Price Spread | 0.0 | 5.0 |
Rule 16 Daily Up or Down | USD 0.0125 |
CNB short PUT Option Greeks
CNB Financial's Option Greeks for the contract ending on 2025-09-19 at a strike price of 22.5 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 CNB Financial's option greeks, its implied volatility helps estimate the risk of CNB Financial stock implied by the prices of the options on CNB Financial's stock.
Delta | -0.344129 | |
Gamma | 0.04192 | |
Theta | -0.02349 | |
Vega | 0.038179 | |
Rho | -0.017414 |
CNB long PUT Option Payoff at expiration
Put options written on CNB Financial grant holders of the option the right to sell a specified amount of CNB Financial 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 CNB Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on CNB Financial is like buying insurance aginst CNB Financial's downside shift.
Profit |
CNB Financial Price At Expiration |
CNB short PUT Option Payoff at expiration
By selling CNB Financial's put option, the investors signal their bearish sentiment. A short position in a put option written on CNB Financial will generally make money when the underlying price is above the strike price. Therefore CNB Financial's put payoff at expiration depends on where the CNB Stock price is relative to the put option strike price. The breakeven price of 20.0 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 CNB Financial's price. Finally, at the strike price of 22.5, the payoff chart is constant and positive.
Profit |
CNB Financial Price At Expiration |
CNB Financial Available Put Options
CNB Financial's option chain is a display of a range of information that helps investors for ways to trade options on CNB. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for CNB. It also shows strike prices and maturity days for a CNB Financial 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 | CCNE250919P00035000 | 0 | 35.0 | 8.5 - 13.0 | 8.5 | In |
Put | CCNE250919P00030000 | 0 | 30.0 | 3.6 - 7.1 | 3.6 | In |
Put | CCNE250919P00025000 | 0 | 25.0 | 0.0 - 5.0 | 5.0 | In |
Put | CCNE250919P00022500 | 2 | 22.5 | 0.0 - 5.0 | 1.0 | Out |
Put | CCNE250919P00020000 | 0 | 20.0 | 0.0 - 4.5 | 4.5 | |
Put | CCNE250919P00017500 | 0 | 17.5 | 0.0 - 4.2 | 4.2 | |
Put | CCNE250919P00015000 | 0 | 15.0 | 0.0 - 4.1 | 4.1 | |
Put | CCNE250919P00012500 | 0 | 12.5 | 0.0 - 4.1 | 4.1 |
CNB Financial Corporate Management
CPA CPA | VP Director | Profile | |
Angela Wilcoxson | Executive Officer | Profile | |
Katie Andersen | Senior Officer | Profile | |
Amy Potter | VP Marketing | Profile |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNB Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade CNB Stock refer to our How to Trade CNB Stock guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Is Regional Banks 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 CNB Financial. If investors know CNB 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 CNB Financial 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 (0.1) | Dividend Share 0.715 | Earnings Share 2.34 | Revenue Per Share | Quarterly Revenue Growth 0.048 |
The market value of CNB Financial is measured differently than its book value, which is the value of CNB that is recorded on the company's balance sheet. Investors also form their own opinion of CNB Financial's value that differs from its market value or its book value, called intrinsic value, which is CNB Financial'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 CNB Financial's market value can be influenced by many factors that don't directly affect CNB Financial'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 CNB Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if CNB Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CNB Financial'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.