CLW251017P00022500 Option on Clearwater Paper
CLW Stock | USD 28.01 1.08 3.71% |
CLW251017P00022500 is a PUT option contract on Clearwater Paper's common stock with a strick price of 22.5 expiring on 2025-10-17. The contract was not traded in recent days and, as of today, has 88 days remaining before the expiration. The option is currently trading at an ask price of $1.4. The implied volatility as of the 21st of July is 88.0.
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When exercised, put options on Clearwater Paper produce a short position in Clearwater Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Clearwater Paper's downside price movement.
Rule 16 of 2025-10-17 Option Contract
The options market is anticipating that Clearwater Paper will have an average daily up or down price movement of about 0.0332% per day over the life of the option. With Clearwater Paper trading at USD 28.01, that is roughly USD 0.00931. If you think that the market is fully understating Clearwater Paper's daily price movement you should consider buying Clearwater Paper options at that current volatility level of 0.53%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on Clearwater Paper
An 'Out of The Money' option on Clearwater has a strike price that Clearwater 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 Clearwater Paper's 'Out of The Money' options include buying the options if you expect a big move in Clearwater Paper'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 | CLW251017P00022500 |
Expires On | 2025-10-17 |
Days Before Expriration | 88 |
Vega | 0.033726 |
Gamma | 0.032896 |
Theoretical Value | 0.7 |
Open Interest | 1 |
Strike Price | 22.5 |
Current Price Spread | 0.0 | 1.4 |
Rule 16 Daily Up or Down | USD 0.00931 |
Clearwater short PUT Option Greeks
Clearwater Paper's Option Greeks for the contract ending on 2025-10-17 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 Clearwater Paper's option greeks, its implied volatility helps estimate the risk of Clearwater Paper stock implied by the prices of the options on Clearwater Paper's stock.
Delta | -0.159231 | |
Gamma | 0.032896 | |
Theta | -0.009404 | |
Vega | 0.033726 | |
Rho | -0.011434 |
Clearwater long PUT Option Payoff at expiration
Put options written on Clearwater Paper grant holders of the option the right to sell a specified amount of Clearwater Paper 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 Clearwater Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Clearwater Paper is like buying insurance aginst Clearwater Paper's downside shift.
Profit |
Clearwater Paper Price At Expiration |
Clearwater short PUT Option Payoff at expiration
By selling Clearwater Paper's put option, the investors signal their bearish sentiment. A short position in a put option written on Clearwater Paper will generally make money when the underlying price is above the strike price. Therefore Clearwater Paper's put payoff at expiration depends on where the Clearwater Stock price is relative to the put option strike price. The breakeven price of 21.8 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 Clearwater Paper's price. Finally, at the strike price of 22.5, the payoff chart is constant and positive.
Profit |
Clearwater Paper Price At Expiration |
Clearwater Paper Available Put Options
Clearwater Paper's option chain is a display of a range of information that helps investors for ways to trade options on Clearwater. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Clearwater. It also shows strike prices and maturity days for a Clearwater Paper 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 | CLW251017P00040000 | 0 | 40.0 | 10.7 - 13.5 | 10.7 | In |
Put | CLW251017P00035000 | 0 | 35.0 | 5.6 - 9.0 | 5.6 | In |
Put | CLW251017P00030000 | 0 | 30.0 | 2.2 - 4.8 | 2.2 | In |
Put | CLW251017P00025000 | 15 | 25.0 | 0.1 - 2.5 | 1.3 | Out |
Put | CLW251017P00022500 | 1 | 22.5 | 0.0 - 1.4 | 1.4 | Out |
Put | CLW251017P00020000 | 1 | 20.0 | 0.0 - 1.65 | 0.6 | Out |
Put | CLW251017P00017500 | 0 | 17.5 | 0.0 - 1.15 | 1.15 | |
Put | CLW251017P00015000 | 0 | 15.0 | 0.0 - 0.75 | 0.75 | |
Put | CLW251017P00012500 | 0 | 12.5 | 0.0 - 0.4 | 0.4 |
Clearwater Paper Corporate Directors
Kevin Hunt | Independent Director | Profile | |
Joe Laymon | Independent Director | Profile | |
Ann Nelson | Independent Director | Profile | |
John Corkrean | Independent Director | Profile |
Additional Tools for Clearwater Stock Analysis
When running Clearwater Paper's price analysis, check to measure Clearwater Paper'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 Clearwater Paper is operating at the current time. Most of Clearwater Paper's value examination focuses on studying past and present price action to predict the probability of Clearwater Paper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clearwater Paper's price. Additionally, you may evaluate how the addition of Clearwater Paper to your portfolios can decrease your overall portfolio volatility.