PSTG250919P00065000 Option on Pure Storage

PSTG Stock  USD 52.87  0.50  0.95%   
PSTG250919P00065000 is a PUT option contract on Pure Storage's common stock with a strick price of 65.0 expiring on 2025-09-19. The contract was not traded in recent days and, as of today, has 91 days remaining before the expiration. The option is currently trading at a bid price of $13.0, and an ask price of $13.3. The implied volatility as of the 20th of June is 91.0.
When exercised, put options on Pure Storage produce a short position in Pure Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Pure Storage's downside price movement.

Rule 16 of 2025-09-19 Option Contract

The options market is anticipating that Pure Storage will have an average daily up or down price movement of about 0.0291% per day over the life of the option. With Pure Storage trading at USD 52.87, that is roughly USD 0.0154. If you think that the market is fully understating Pure Storage's daily price movement you should consider buying Pure Storage options at that current volatility level of 0.47%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

In The Money Put Option on Pure Storage

An 'In The Money' option is one with a strike price that the current stock price has already surpassed. Some options investors can hedge their Pure Storage positions using in-the-money options. They may also want to buy options with some intrinsic value, not just time value. However, because in-the-money options on Pure Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
Put Contract NamePSTG250919P00065000
Expires On2025-09-19
Days Before Expriration91
Vega0.076588
Gamma0.024459
Theoretical Value13.15
Open Interest179
Strike Price65.0
Current Price Spread13.0 | 13.3
Rule 16 Daily Up or DownUSD 0.0154

Pure short PUT Option Greeks

Pure Storage's Option Greeks for the contract ending on 2025-09-19 at a strike price of 65.0 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 Pure Storage's option greeks, its implied volatility helps estimate the risk of Pure Storage stock implied by the prices of the options on Pure Storage's stock.
Delta-0.783542
Gamma0.024459
Theta-0.015536
Vega0.076588
Rho-0.077067

Pure long PUT Option Payoff at expiration

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

Pure short PUT Option Payoff at expiration

By selling Pure Storage's put option, the investors signal their bearish sentiment. A short position in a put option written on Pure Storage will generally make money when the underlying price is above the strike price. Therefore Pure Storage's put payoff at expiration depends on where the Pure Stock price is relative to the put option strike price. The breakeven price of 51.85 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 Pure Storage's price. Finally, at the strike price of 65.0, the payoff chart is constant and positive.
   Profit   
       Pure Storage Price At Expiration  
View All Pure Storage Options

Pure Storage Available Put Options

Pure Storage's option chain is a display of a range of information that helps investors for ways to trade options on Pure. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Pure. It also shows strike prices and maturity days for a Pure Storage 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
PSTG250919P001100000110.056.9 - 57.656.9In
 Put
PSTG250919P001050000105.051.9 - 52.651.9In
 Put
PSTG250919P001000000100.046.9 - 48.546.9In
 Put
PSTG250919P00095000095.041.8 - 42.541.8In
 Put
PSTG250919P00090000090.036.9 - 37.636.9In
 Put
PSTG250919P00085000085.031.1 - 32.831.1In
 Put
PSTG250919P00080000080.026.3 - 28.326.3In
 Put
PSTG250919P00075000175.022.0 - 22.622.0In
 Put
PSTG250919P000700007370.017.3 - 17.717.5In
 Put
PSTG250919P0006500017965.013.0 - 13.313.0In
 Put
PSTG250919P0006000017360.09.1 - 9.510.9In
 Put
PSTG250919P0005500014155.05.9 - 6.26.0In
 Put
PSTG250919P0005000039450.03.5 - 3.73.6Out
 Put
PSTG250919P00045000217645.01.9 - 2.11.95Out
 Put
PSTG250919P0004000088140.00.9 - 1.11.04Out
 Put
PSTG250919P0003500025735.00.0 - 0.550.47Out
 Put
PSTG250919P00030000109930.00.0 - 2.30.17Out
 Put
PSTG250919P00025000625.00.0 - 1.40.2Out

Pure Storage Corporate Directors

Anita SandsIndependent DirectorProfile
Jeffrey RothschildIndependent DirectorProfile
John ColgroveFounder, Chief Technology Officer, DirectorProfile
Mark GarrettIndependent DirectorProfile
When determining whether Pure Storage is a strong investment it is important to analyze Pure Storage'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 Pure Storage's future performance. For an informed investment choice regarding Pure Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pure Storage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more detail on how to invest in Pure Stock please use our How to Invest in Pure Storage guide.
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Is Technology Hardware, Storage & Peripherals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Pure Storage. If investors know Pure will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Pure Storage listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.39)
Earnings Share
0.38
Revenue Per Share
9.956
Quarterly Revenue Growth
0.123
Return On Assets
0.0161
The market value of Pure Storage is measured differently than its book value, which is the value of Pure that is recorded on the company's balance sheet. Investors also form their own opinion of Pure Storage's value that differs from its market value or its book value, called intrinsic value, which is Pure Storage'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 Pure Storage's market value can be influenced by many factors that don't directly affect Pure Storage'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 Pure Storage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pure Storage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pure Storage'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.