ERO251017P00017500 Option on Ero Copper Corp
ERO Etf | USD 14.76 0.08 0.54% |
ERO251017P00017500 is a PUT option contract on Ero Copper's common stock with a strick price of 17.5 expiring on 2025-10-17. The contract was not traded in recent days and, as of today, has 86 days remaining before the expiration. The option is currently trading at a bid price of $3.0, and an ask price of $3.2. The implied volatility as of the 23rd of July is 86.0.
A put option written on Ero Copper becomes more valuable as the price of Ero Copper drops. Conversely, Ero Copper's put option loses its value as Ero Etf rises.
Rule 16 of 2025-10-17 Option Contract
The options market is anticipating that Ero Copper Corp will have an average daily up or down price movement of about 0.0271% per day over the life of the option. With Ero Copper trading at USD 14.76, that is roughly USD 0.003993. If you think that the market is fully understating Ero Copper's daily price movement you should consider buying Ero Copper Corp options at that current volatility level of 0.43%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Put Option on Ero Copper
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 Ero Copper 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 Ero Etf have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
Put Contract Name | ERO251017P00017500 |
Expires On | 2025-10-17 |
Days Before Expriration | 86 |
Vega | 0.021636 |
Gamma | 0.102102 |
Theoretical Value | 3.1 |
Open Interest | 6 |
Strike Price | 17.5 |
Last Traded At | 2.05 |
Current Price Spread | 3.0 | 3.2 |
Rule 16 Daily Up or Down | USD 0.003993 |
Ero short PUT Option Greeks
Ero Copper's Option Greeks for the contract ending on 2025-10-17 at a strike price of 17.5 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 Ero Copper's option greeks, its implied volatility helps estimate the risk of Ero Copper stock implied by the prices of the options on Ero Copper's stock.
Delta | -0.767282 | |
Gamma | 0.102102 | |
Theta | -0.004323 | |
Vega | 0.021636 | |
Rho | -0.021172 |
Ero long PUT Option Payoff at expiration
Put options written on Ero Copper grant holders of the option the right to sell a specified amount of Ero Copper 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 Ero Etf cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Ero Copper is like buying insurance aginst Ero Copper's downside shift.
Profit |
Ero Copper Price At Expiration |
Ero short PUT Option Payoff at expiration
By selling Ero Copper's put option, the investors signal their bearish sentiment. A short position in a put option written on Ero Copper will generally make money when the underlying price is above the strike price. Therefore Ero Copper's put payoff at expiration depends on where the Ero Etf price is relative to the put option strike price. The breakeven price of 14.4 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 Ero Copper's price. Finally, at the strike price of 17.5, the payoff chart is constant and positive.
Profit |
Ero Copper Price At Expiration |
Ero Copper Corp Available Put Options
Ero Copper's option chain is a display of a range of information that helps investors for ways to trade options on Ero. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Ero. It also shows strike prices and maturity days for a Ero Copper 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 | ERO251017P00030000 | 0 | 30.0 | 14.9 - 16.2 | 14.9 | In |
Put | ERO251017P00025000 | 0 | 25.0 | 9.9 - 11.1 | 9.9 | In |
Put | ERO251017P00022500 | 0 | 22.5 | 7.4 - 8.6 | 7.4 | In |
Put | ERO251017P00020000 | 0 | 20.0 | 4.9 - 6.2 | 4.9 | In |
Put | ERO251017P00017500 | 6 | 17.5 | 3.0 - 3.2 | 2.05 | In |
Put | ERO251017P00015000 | 55 | 15.0 | 1.25 - 1.5 | 1.6 | In |
Put | ERO251017P00012500 | 156 | 12.5 | 0.35 - 0.55 | 0.48 | Out |
Put | ERO251017P00010000 | 59 | 10.0 | 0.0 - 0.75 | 0.75 | Out |
Put | ERO251017P00007500 | 150 | 7.5 | 0.0 - 0.75 | 0.75 | Out |
Put | ERO251017P00005000 | 1 | 5.0 | 0.0 - 0.75 | 0.75 | Out |
Other Information on Investing in Ero Etf
Ero Copper financial ratios help investors to determine whether Ero Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ero with respect to the benefits of owning Ero Copper security.