LNW251017P00080000 Option on Light Wonder

LNW Stock  USD 97.34  0.29  0.30%   
LNW251017P00080000 is a PUT option contract on Light Wonder's common stock with a strick price of 80.0 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 a bid price of $1.25, and an ask price of $2.05. The implied volatility as of the 23rd of July is 86.0.
When exercised, put options on Light Wonder produce a short position in Light Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Light Wonder's downside price movement.

Rule 16 of 2025-10-17 Option Contract

The options market is anticipating that Light Wonder will have an average daily up or down price movement of about 0.0277% per day over the life of the option. With Light Wonder trading at USD 97.34, that is roughly USD 0.027. If you think that the market is fully understating Light Wonder's daily price movement you should consider buying Light Wonder options at that current volatility level of 0.44%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put Option on Light Wonder

An 'Out of The Money' option on Light has a strike price that Light 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 Light Wonder's 'Out of The Money' options include buying the options if you expect a big move in Light Wonder'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 NameLNW251017P00080000
Expires On2025-10-17
Days Before Expriration86
Vega0.105853
Gamma0.010482
Theoretical Value1.65
Open Interest110
Strike Price80.0
Last Traded At1.93
Current Price Spread1.25 | 2.05
Rule 16 Daily Up or DownUSD 0.027

Light short PUT Option Greeks

Light Wonder's Option Greeks for the contract ending on 2025-10-17 at a strike price of 80.0 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 Light Wonder's option greeks, its implied volatility helps estimate the risk of Light Wonder stock implied by the prices of the options on Light Wonder's stock.
Delta-0.138962
Gamma0.010482
Theta-0.025325
Vega0.105853
Rho-0.032858

Light long PUT Option Payoff at expiration

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

Light short PUT Option Payoff at expiration

By selling Light Wonder's put option, the investors signal their bearish sentiment. A short position in a put option written on Light Wonder will generally make money when the underlying price is above the strike price. Therefore Light Wonder's put payoff at expiration depends on where the Light Stock price is relative to the put option strike price. The breakeven price of 78.35 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 Light Wonder's price. Finally, at the strike price of 80.0, the payoff chart is constant and positive.
   Profit   
       Light Wonder Price At Expiration  
View All Light Wonder Options

Light Wonder Available Put Options

Light Wonder's option chain is a display of a range of information that helps investors for ways to trade options on Light. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Light. It also shows strike prices and maturity days for a Light Wonder 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
LNW251017P001500000150.050.0 - 54.050.0In
 Put
LNW251017P001450000145.045.0 - 49.045.0In
 Put
LNW251017P001400000140.040.0 - 44.040.0In
 Put
LNW251017P001350000135.035.0 - 39.035.0In
 Put
LNW251017P001300000130.030.0 - 33.930.0In
 Put
LNW251017P001250000125.025.8 - 29.225.8In
 Put
LNW251017P001200000120.020.7 - 24.620.7In
 Put
LNW251017P001150000115.016.3 - 20.216.3In
 Put
LNW251017P001100000110.013.2 - 16.513.2In
 Put
LNW251017P001050000105.09.5 - 13.09.5In
 Put
LNW251017P001000004100.06.5 - 9.913.2In
 Put
LNW251017P00095000395.03.5 - 7.56.5Out
 Put
LNW251017P00090000990.03.1 - 4.512.0Out
 Put
LNW251017P0008500049185.01.95 - 2.82.16Out
 Put
LNW251017P0008000011080.01.25 - 2.051.93Out
 Put
LNW251017P0007500026775.00.0 - 2.651.28Out
 Put
LNW251017P000700001970.00.0 - 2.653.2Out

Light Wonder Corporate Management

Stephen RichardsonChief VPProfile
Siobhan LaneExecutive GamingProfile
Constance JamesCFO, EVPProfile
Vanja KalabicSenior OfficerProfile
CA BECExecutive ChairProfile
Steven StamstadSenior CommunicationsProfile

Additional Tools for Light Stock Analysis

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