CTAS250919P00200000 Option on Cintas

CTAS Stock  USD 219.68  1.64  0.74%   
CTAS250919P00200000 is a PUT option contract on Cintas' common stock with a strick price of 200.0 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 an ask price of $2.3. 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 0.0135% per day over the life of the option. With Cintas trading at USD 219.68, that is roughly USD 0.0297. 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 0.22%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put 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.
Put Contract NameCTAS250919P00200000
Expires On2025-09-19
Days Before Expriration58
Vega0.174891
Gamma0.010397
Theoretical Value1.15
Open Interest2
Current Trading Volume2.0
Strike Price200.0
Last Traded At1.15
Current Price Spread0.0 | 2.3
Rule 16 Daily Up or DownUSD 0.0297

Cintas short PUT Option Greeks

Cintas' Option Greeks for the contract ending on 2025-09-19 at a strike price of 200.0 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-0.11837
Gamma0.010397
Theta-0.029596
Vega0.174891
Rho-0.039978

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 198.85 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 200.0, the payoff chart is constant and positive.
   Profit   
       Cintas Price At Expiration  
View All Cintas Options

Cintas Available Put 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 IntStrike PriceCurrent SpreadLast Price
 Put
CTAS250919P003200000320.096.1 - 104.796.1In
 Put
CTAS250919P003100000310.086.1 - 94.686.1In
 Put
CTAS250919P003000000300.076.1 - 84.776.1In
 Put
CTAS250919P002900000290.066.1 - 74.566.1In
 Put
CTAS250919P002800000280.056.2 - 64.256.2In
 Put
CTAS250919P002700000270.046.1 - 54.746.1In
 Put
CTAS250919P002600000260.036.1 - 44.336.1In
 Put
CTAS250919P002500000250.026.2 - 34.726.2In
 Put
CTAS250919P002400000240.016.4 - 24.320.5In
 Put
CTAS250919P002300006230.08.0 - 15.511.0In
 Put
CTAS250919P00220000108220.05.9 - 6.85.9Out
 Put
CTAS250919P002100008210.01.45 - 5.72.8Out
 Put
CTAS250919P002000002200.00.0 - 2.31.15Out

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 HansenCFO and VP of Fin.Profile
Scott GarulaExecutive CFOProfile
James RozakisExecutive COOProfile

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.