CTAS250919C00240000 Option on Cintas
CTAS Stock | USD 219.68 1.64 0.74% |
CTAS250919C00240000 is a PUT option contract on Cintas' common stock with a strick price of 240.0 expiring on 2025-09-19. The contract was not traded in recent days and, as of today, has 58 days remaining before the expiration. The option is currently trading at a bid price of $0.7, and an ask price of $1.85. The implied volatility as of the 23rd of July is 58.0.
When exercised, put options on Cintas produce a short position in Cintas Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Cintas' downside price movement.
Rule 16 of 2025-09-19 Option Contract
The options market is anticipating that Cintas will have an average daily up or down price movement of about 0.0114% per day over the life of the option. With Cintas trading at USD 219.68, that is roughly USD 0.0251. If you think that the market is fully understating Cintas' daily price movement you should consider buying Cintas options at that current volatility level of 0.18%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Call Option on Cintas
An 'Out of The Money' option on Cintas has a strike price that Cintas 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 Cintas' 'Out of The Money' options include buying the options if you expect a big move in Cintas' 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.
Call Contract Name | CTAS250919C00240000 |
Expires On | 2025-09-19 |
Days Before Expriration | 58 |
Delta | 0.138363 |
Vega | 0.194951 |
Gamma | 0.01367 |
Theoretical Value | 1.1 |
Open Interest | 4 |
Current Trading Volume | 22.0 |
Strike Price | 240.0 |
Last Traded At | 1.1 |
Current Price Spread | 0.7 | 1.85 |
Rule 16 Daily Up or Down | USD 0.0251 |
Cintas short PUT Option Greeks
Cintas' Option Greeks for the contract ending on 2025-09-19 at a strike price of 240.0 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 Cintas' option greeks, its implied volatility helps estimate the risk of Cintas stock implied by the prices of the options on Cintas' stock.
Delta | 0.138363 | |
Gamma | 0.01367 | |
Theta | -0.033103 | |
Vega | 0.194951 | |
Rho | 0.047363 |
Cintas long PUT Option Payoff at expiration
Put options written on Cintas grant holders of the option the right to sell a specified amount of Cintas 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 Cintas Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Cintas is like buying insurance aginst Cintas' downside shift.
Profit |
Cintas Price At Expiration |
Cintas short PUT Option Payoff at expiration
By selling Cintas' put option, the investors signal their bearish sentiment. A short position in a put option written on Cintas will generally make money when the underlying price is above the strike price. Therefore Cintas' put payoff at expiration depends on where the Cintas Stock price is relative to the put option strike price. The breakeven price of 241.1 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 Cintas' price. Finally, at the strike price of 240.0, the payoff chart is constant and positive.
Profit |
Cintas Price At Expiration |
Cintas Available Call Options
Cintas' option chain is a display of a range of information that helps investors for ways to trade options on Cintas. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Cintas. It also shows strike prices and maturity days for a Cintas 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 | |||
Call | CTAS250919C00320000 | 0 | 320.0 | 0.0 - 4.5 | 4.5 | |
Call | CTAS250919C00310000 | 0 | 310.0 | 0.0 - 4.5 | 4.5 | |
Call | CTAS250919C00300000 | 0 | 300.0 | 0.0 - 4.3 | 4.3 | |
Call | CTAS250919C00290000 | 0 | 290.0 | 0.0 - 4.3 | 4.3 | |
Call | CTAS250919C00280000 | 0 | 280.0 | 0.0 - 4.3 | 4.3 | |
Call | CTAS250919C00270000 | 0 | 270.0 | 0.0 - 4.3 | 4.3 | |
Call | CTAS250919C00260000 | 0 | 260.0 | 0.0 - 4.3 | 4.3 | |
Call | CTAS250919C00250000 | 1 | 250.0 | 0.0 - 1.9 | 0.45 | Out |
Call | CTAS250919C00240000 | 4 | 240.0 | 0.7 - 1.85 | 1.1 | Out |
Call | CTAS250919C00230000 | 48 | 230.0 | 2.6 - 3.1 | 2.98 | Out |
Call | CTAS250919C00220000 | 58 | 220.0 | 6.9 - 7.3 | 7.2 | Out |
Call | CTAS250919C00200000 | 5 | 200.0 | 18.6 - 26.4 | 21.25 | In |
Cintas Corporate Executives
Elected by the shareholders, the Cintas' board of directors comprises two types of representatives: Cintas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cintas. The board's role is to monitor Cintas' management team and ensure that shareholders' interests are well served. Cintas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cintas' outside directors are responsible for providing unbiased perspectives on the board's policies.
Michael Hansen | CFO and VP of Fin. | Profile | |
Scott Garula | Executive CFO | Profile | |
James Rozakis | Executive COO | Profile |
Additional Tools for Cintas Stock Analysis
When running Cintas' price analysis, check to measure Cintas' 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 Cintas is operating at the current time. Most of Cintas' value examination focuses on studying past and present price action to predict the probability of Cintas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cintas' price. Additionally, you may evaluate how the addition of Cintas to your portfolios can decrease your overall portfolio volatility.