GT251017P00005000 Option on Goodyear Tire Rubber
GT Stock | USD 11.54 0.53 4.81% |
GT251017P00005000 is a PUT option contract on Goodyear Tire's common stock with a strick price of 5.0 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 an ask price of $0.5. The implied volatility as of the 23rd of July is 86.0.
When exercised, put options on Goodyear Tire produce a short position in Goodyear Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Goodyear Tire's downside price movement.
Rule 16 of 2025-10-17 Option Contract
The options market is anticipating that Goodyear Tire Rubber will have an average daily up or down price movement of about 0.0846% per day over the life of the option. With Goodyear Tire trading at USD 11.54, that is roughly USD 0.009757. If you think that the market is fully understating Goodyear Tire's daily price movement you should consider buying Goodyear Tire Rubber options at that current volatility level of 1.35%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on Goodyear Tire
An 'Out of The Money' option on Goodyear has a strike price that Goodyear 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 Goodyear Tire's 'Out of The Money' options include buying the options if you expect a big move in Goodyear Tire'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 | GT251017P00005000 |
Expires On | 2025-10-17 |
Days Before Expriration | 86 |
Vega | 0.006442 |
Gamma | 0.015674 |
Theoretical Value | 0.25 |
Open Interest | 102 |
Strike Price | 5.0 |
Current Price Spread | 0.0 | 0.5 |
Rule 16 Daily Up or Down | USD 0.009757 |
Goodyear short PUT Option Greeks
Goodyear Tire's Option Greeks for the contract ending on 2025-10-17 at a strike price of 5.0 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 Goodyear Tire's option greeks, its implied volatility helps estimate the risk of Goodyear Tire stock implied by the prices of the options on Goodyear Tire's stock.
Delta | -0.05874 | |
Gamma | 0.015674 | |
Theta | -0.005002 | |
Vega | 0.006442 | |
Rho | -0.002011 |
Goodyear long PUT Option Payoff at expiration
Put options written on Goodyear Tire grant holders of the option the right to sell a specified amount of Goodyear Tire 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 Goodyear Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Goodyear Tire is like buying insurance aginst Goodyear Tire's downside shift.
Profit |
Goodyear Tire Price At Expiration |
Goodyear short PUT Option Payoff at expiration
By selling Goodyear Tire's put option, the investors signal their bearish sentiment. A short position in a put option written on Goodyear Tire will generally make money when the underlying price is above the strike price. Therefore Goodyear Tire's put payoff at expiration depends on where the Goodyear Stock price is relative to the put option strike price. The breakeven price of 4.75 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 Goodyear Tire's price. Finally, at the strike price of 5.0, the payoff chart is constant and positive.
Profit |
Goodyear Tire Price At Expiration |
Goodyear Tire Rubber Available Put Options
Goodyear Tire's option chain is a display of a range of information that helps investors for ways to trade options on Goodyear. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Goodyear. It also shows strike prices and maturity days for a Goodyear Tire 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 | GT251017P00020000 | 0 | 20.0 | 8.6 - 9.1 | 8.6 | In |
Put | GT251017P00018000 | 0 | 18.0 | 5.8 - 7.7 | 5.8 | In |
Put | GT251017P00017000 | 0 | 17.0 | 5.6 - 5.8 | 5.6 | In |
Put | GT251017P00016000 | 0 | 16.0 | 4.6 - 4.8 | 4.6 | In |
Put | GT251017P00015000 | 0 | 15.0 | 3.7 - 3.8 | 3.7 | In |
Put | GT251017P00014000 | 48 | 14.0 | 2.8 - 2.9 | 3.1 | In |
Put | GT251017P00013000 | 32 | 13.0 | 1.95 - 2.05 | 2.0 | In |
Put | GT251017P00012000 | 884 | 12.0 | 1.25 - 1.35 | 1.7 | In |
Put | GT251017P00011000 | 441 | 11.0 | 0.7 - 0.8 | 0.85 | Out |
Put | GT251017P00010000 | 2813 | 10.0 | 0.35 - 0.45 | 0.61 | Out |
Put | GT251017P00009000 | 419 | 9.0 | 0.15 - 0.25 | 0.28 | Out |
Put | GT251017P00008000 | 933 | 8.0 | 0.0 - 0.15 | 0.15 | Out |
Put | GT251017P00007000 | 4705 | 7.0 | 0.0 - 0.5 | 0.11 | Out |
Put | GT251017P00006000 | 24 | 6.0 | 0.0 - 0.5 | 0.5 | Out |
Put | GT251017P00005000 | 102 | 5.0 | 0.0 - 0.5 | 0.5 | Out |
Goodyear Tire Corporate Management
Margaret Snyder | VP Controller | Profile | |
Mamatha Chamarthi | Senior Officer | Profile | |
David Esq | Senior Counsel | Profile | |
Will Roland | Senior Officer | Profile |
Additional Tools for Goodyear Stock Analysis
When running Goodyear Tire's price analysis, check to measure Goodyear Tire'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 Goodyear Tire is operating at the current time. Most of Goodyear Tire's value examination focuses on studying past and present price action to predict the probability of Goodyear Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodyear Tire's price. Additionally, you may evaluate how the addition of Goodyear Tire to your portfolios can decrease your overall portfolio volatility.