null Option on Light Wonder
| LNW Stock | USD 97.63 0.60 0.61% |
Light Wonder's latest option contracts expiring on October 17th 2025 are carrying combined implied volatility of 0.44 with a put-to-call open interest ratio of 1.01 over 33 outstanding agreements suggesting investors are buying slightly more puts than calls on contracts expiring on October 17th 2025.
Open Interest Against October 17th 2025 Option Contracts
Light Wonder option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Light Wonder's lending market. For example, when Light Wonder's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Light Wonder, he or she must hedge the risk by shorting Light Wonder stock over its option's life.
2025-10-17
The chart above shows Light Wonder's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Light Wonder's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Light Wonder's option, there is no secondary market available for investors to trade.
Light Wonder Maximum Pain Price Across 2025-10-17 Option Contracts
Max pain occurs when Light Wonder's market makers reach a net positive position across all Light Wonder's options at a strike price where option holders stand to lose the most money. By contrast, Light Wonder's option sellers may reap the most after selling more options than buying, causing them to expire worthless.
In The Money vs. Out of Money Option Contracts on Light Wonder
Analyzing Light Wonder's in-the-money options over time can help investors to take a profitable long position in Light Wonder regardless of its overall volatility. This is especially true when Light Wonder's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Light Wonder's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Light Wonder's stock while costing only a fraction of its price.
Light Wonder In The Money Call Balance
When Light Wonder's strike price is surpassing the current stock price, the option contract against Light Wonder stock is said to be in the money. When it comes to buying Light Wonder's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Light Wonder are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
Light Current Options Market Mood
Light Wonder's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Light Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Unfortunately, most Light Wonder's options investors are not very successful. Light Wonder's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.
Rule 16 of the current Light contract
Base on the Rule 16, the options market is currently suggesting that Light Wonder will have an average daily up or down price movement of about 0.0275% per day over the life of the 2025-10-17 option contract. With Light Wonder trading at USD 97.63, that is roughly USD 0.0268. If you think that the market is fully incorporating Light Wonder's daily price movement you should consider buying Light Wonder options at the current volatility level of 0.44%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Purchasing Light Wonder options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Light calls. Remember, the seller must deliver Light Wonder stock to the call owner when a call is exercised.
Light Wonder Option Chain
When Light Wonder's strike price is surpassing the current stock price, the option contract against Light Wonder stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
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 Int | Strike Price | Current Spread | Last Price | |||
Call | LNW251017C00150000 | 0 | 150.0 | 0.0 - 0.75 | 0.75 | |
Call | LNW251017C00145000 | 0 | 145.0 | 0.0 - 0.75 | 0.75 | |
Call | LNW251017C00140000 | 0 | 140.0 | 0.0 - 0.75 | 0.75 | |
Call | LNW251017C00135000 | 0 | 135.0 | 0.0 - 0.95 | 0.95 | |
Call | LNW251017C00130000 | 2 | 130.0 | 0.15 - 1.2 | 0.15 | Out |
Call | LNW251017C00125000 | 1 | 125.0 | 0.7 - 1.45 | 0.7 | Out |
Call | LNW251017C00120000 | 13 | 120.0 | 1.1 - 2.0 | 2.03 | Out |
Call | LNW251017C00115000 | 12 | 115.0 | 1.85 - 3.2 | 1.85 | Out |
Call | LNW251017C00110000 | 34 | 110.0 | 2.95 - 4.2 | 3.8 | Out |
Call | LNW251017C00105000 | 14 | 105.0 | 4.3 - 5.9 | 4.7 | Out |
Call | LNW251017C00100000 | 279 | 100.0 | 6.2 - 7.9 | 8.41 | Out |
Call | LNW251017C00095000 | 221 | 95.0 | 8.8 - 10.3 | 9.3 | In |
Call | LNW251017C00090000 | 238 | 90.0 | 11.8 - 14.5 | 13.2 | In |
Call | LNW251017C00085000 | 8 | 85.0 | 15.4 - 18.2 | 9.4 | In |
Call | LNW251017C00080000 | 11 | 80.0 | 19.2 - 22.1 | 11.2 | In |
Call | LNW251017C00060000 | 52 | 60.0 | 37.1 - 39.9 | 37.1 | In |
Put | LNW251017P00070000 | 19 | 70.0 | 0.35 - 1.15 | 3.2 | Out |
Put | LNW251017P00075000 | 263 | 75.0 | 0.55 - 2.65 | 5.2 | Out |
Put | LNW251017P00080000 | 106 | 80.0 | 1.1 - 3.6 | 2.05 | Out |
Put | LNW251017P00085000 | 491 | 85.0 | 2.0 - 4.4 | 3.2 | Out |
Put | LNW251017P00090000 | 9 | 90.0 | 3.4 - 6.0 | 12.0 | Out |
Put | LNW251017P00095000 | 3 | 95.0 | 5.2 - 7.7 | 6.5 | Out |
Put | LNW251017P00100000 | 4 | 100.0 | 6.8 - 9.9 | 13.2 | In |
Put | LNW251017P00105000 | 0 | 105.0 | 9.9 - 12.7 | 9.9 | In |
Put | LNW251017P00110000 | 0 | 110.0 | 13.3 - 15.6 | 13.3 | In |
Put | LNW251017P00115000 | 0 | 115.0 | 17.0 - 19.5 | 17.0 | In |
Put | LNW251017P00120000 | 0 | 120.0 | 21.5 - 24.3 | 21.5 | In |
Put | LNW251017P00125000 | 0 | 125.0 | 26.1 - 28.9 | 26.1 | In |
Put | LNW251017P00130000 | 0 | 130.0 | 31.0 - 33.8 | 31.0 | In |
Put | LNW251017P00135000 | 0 | 135.0 | 35.4 - 39.4 | 35.4 | In |
Put | LNW251017P00140000 | 0 | 140.0 | 40.4 - 44.4 | 40.4 | In |
Put | LNW251017P00145000 | 0 | 145.0 | 45.3 - 49.4 | 45.3 | In |
Put | LNW251017P00150000 | 0 | 150.0 | 50.3 - 54.4 | 50.3 | In |
Light Wonder Market Cap Over Time
Market Cap |
| Timeline |
Light Total Stockholder Equity
Total Stockholder Equity |
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Light Wonder Corporate Management
| Stephen Richardson | Chief VP | Profile | |
| Siobhan Lane | Executive Gaming | Profile | |
| Constance James | CFO, EVP | Profile | |
| Vanja Kalabic | Senior Officer | Profile | |
| CA BEC | Executive Chair | Profile | |
| Steven Stamstad | Senior Communications | Profile |
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.