FIGS251017P00002500 Option on Figs Inc

FIGS Stock  USD 5.91  0.10  1.72%   
FIGS251017P00002500 is a PUT option contract on Figs' common stock with a strick price of 2.5 expiring on 2025-10-17. The contract was not traded in recent days and, as of today, has 89 days remaining before the expiration. The option is currently trading at an ask price of $0.15. The implied volatility as of the 20th of July is 89.0.
When exercised, put options on Figs produce a short position in Figs Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Figs' downside price movement.

Rule 16 of 2025-10-17 Option Contract

The options market is anticipating that Figs Inc will have an average daily up or down price movement of about 0.0761% per day over the life of the option. With Figs trading at USD 5.91, that is roughly USD 0.004495. If you think that the market is fully understating Figs' daily price movement you should consider buying Figs Inc options at that current volatility level of 1.22%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put Option on Figs

An 'Out of The Money' option on Figs has a strike price that Figs 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 Figs' 'Out of The Money' options include buying the options if you expect a big move in Figs' 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 NameFIGS251017P00002500
Expires On2025-10-17
Days Before Expriration89
Vega0.002566
Gamma0.024497
Theoretical Value0.08
Open Interest46
Strike Price2.5
Last Traded At0.05
Current Price Spread0.0 | 0.15
Rule 16 Daily Up or DownUSD 0.004495

Figs short PUT Option Greeks

Figs' Option Greeks for the contract ending on 2025-10-17 at a strike price of 2.5 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 Figs' option greeks, its implied volatility helps estimate the risk of Figs stock implied by the prices of the options on Figs' stock.
Delta-0.040717
Gamma0.024497
Theta-0.001699
Vega0.002566
Rho-7.18E-4

Figs long PUT Option Payoff at expiration

Put options written on Figs grant holders of the option the right to sell a specified amount of Figs 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 Figs Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Figs is like buying insurance aginst Figs' downside shift.
   Profit   
       Figs Price At Expiration  

Figs short PUT Option Payoff at expiration

By selling Figs' put option, the investors signal their bearish sentiment. A short position in a put option written on Figs will generally make money when the underlying price is above the strike price. Therefore Figs' put payoff at expiration depends on where the Figs Stock price is relative to the put option strike price. The breakeven price of 2.42 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 Figs' price. Finally, at the strike price of 2.5, the payoff chart is constant and positive.
   Profit   
       Figs Price At Expiration  
View All Figs Options

Figs Inc Available Put Options

Figs' option chain is a display of a range of information that helps investors for ways to trade options on Figs. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Figs. It also shows strike prices and maturity days for a Figs 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
FIGS251017P00010000010.04.0 - 4.24.0In
 Put
FIGS251017P00007500517.51.6 - 1.81.59In
 Put
FIGS251017P000050001015.00.2 - 0.30.21Out
 Put
FIGS251017P00002500462.50.0 - 0.150.05Out

Figs Corporate Management

Kevin FostyController, VPProfile
Mark BixbyChief OfficerProfile
Catherine SpearCEO CoFounderProfile
Kenneth LinIndependent DirectorProfile
A LafleyIndependent DirectorProfile
Sarah OughtredChief OfficerProfile

Additional Tools for Figs Stock Analysis

When running Figs' price analysis, check to measure Figs' 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 Figs is operating at the current time. Most of Figs' value examination focuses on studying past and present price action to predict the probability of Figs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Figs' price. Additionally, you may evaluate how the addition of Figs to your portfolios can decrease your overall portfolio volatility.