ITM250919P00045000 Option on VanEck Intermediate Muni

ITM Etf  USD 45.28  0.05  0.11%   
ITM250919P00045000 is a PUT option contract on VanEck Intermediate's common stock with a strick price of 45.0 expiring on 2025-09-19. The contract was not traded in recent days and, as of today, has 57 days remaining before the expiration. The option is currently trading at a bid price of $0.25, and an ask price of $0.4. The implied volatility as of the 24th of July is 57.0.
When exercised, put options on VanEck Intermediate produce a short position in VanEck Etf. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on VanEck Intermediate's downside price movement.

Rule 16 of 2025-09-19 Option Contract

The options market is anticipating that VanEck Intermediate Muni will have an average daily up or down price movement of about 0.004719% per day over the life of the option. With VanEck Intermediate trading at USD 45.28, that is roughly USD 0.002137. If you think that the market is fully understating VanEck Intermediate's daily price movement you should consider buying VanEck Intermediate Muni options at that current volatility level of 0.0755%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put Option on VanEck Intermediate

An 'Out of The Money' option on VanEck has a strike price that VanEck Etf 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 VanEck Intermediate's 'Out of The Money' options include buying the options if you expect a big move in VanEck Intermediate'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 NameITM250919P00045000
Expires On2025-09-19
Days Before Expriration57
Vega0.066597
Gamma0.339183
Theoretical Value0.33
Open Interest1
Strike Price45.0
Current Price Spread0.25 | 0.4
Rule 16 Daily Up or DownUSD 0.002137

VanEck short PUT Option Greeks

VanEck Intermediate's Option Greeks for the contract ending on 2025-09-19 at a strike price of 45.0 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 VanEck Intermediate's option greeks, its implied volatility helps estimate the risk of VanEck Intermediate stock implied by the prices of the options on VanEck Intermediate's stock.
Delta-0.358379
Gamma0.339183
Theta-0.003007
Vega0.066597
Rho-0.020176

VanEck long PUT Option Payoff at expiration

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

VanEck short PUT Option Payoff at expiration

By selling VanEck Intermediate's put option, the investors signal their bearish sentiment. A short position in a put option written on VanEck Intermediate will generally make money when the underlying price is above the strike price. Therefore VanEck Intermediate's put payoff at expiration depends on where the VanEck Etf price is relative to the put option strike price. The breakeven price of 44.67 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 VanEck Intermediate's price. Finally, at the strike price of 45.0, the payoff chart is constant and positive.
   Profit   
       VanEck Intermediate Price At Expiration  
View All VanEck Intermediate Options

VanEck Intermediate Muni Available Put Options

VanEck Intermediate's option chain is a display of a range of information that helps investors for ways to trade options on VanEck. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for VanEck. It also shows strike prices and maturity days for a VanEck Intermediate 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
ITM250919P00051000051.05.6 - 6.05.6In
 Put
ITM250919P00050000050.04.6 - 5.04.6In
 Put
ITM250919P00049000049.03.6 - 4.03.6In
 Put
ITM250919P00048000048.02.65 - 3.02.65In
 Put
ITM250919P00047000047.01.7 - 2.01.7In
 Put
ITM250919P00046000046.00.8 - 1.050.8In
 Put
ITM250919P00045000145.00.25 - 0.40.25Out
 Put
ITM250919P00044000044.00.05 - 0.150.05Out
 Put
ITM250919P00043000143.00.0 - 0.10.1Out
 Put
ITM250919P00042000042.00.0 - 0.10.1Out
When determining whether VanEck Intermediate Muni is a strong investment it is important to analyze VanEck Intermediate's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact VanEck Intermediate's future performance. For an informed investment choice regarding VanEck Etf, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in VanEck Intermediate Muni. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
The market value of VanEck Intermediate Muni is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck Intermediate's value that differs from its market value or its book value, called intrinsic value, which is VanEck Intermediate's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because VanEck Intermediate's market value can be influenced by many factors that don't directly affect VanEck Intermediate's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between VanEck Intermediate's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Intermediate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Intermediate's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.