TARS251017P00045000 Option on Tarsus Pharmaceuticals

TARS Stock  USD 40.58  0.95  2.29%   
TARS251017P00045000 is a PUT option contract on Tarsus Pharmaceuticals' common stock with a strick price of 45.0 expiring on 2025-10-17. The contract was not traded in recent days and, as of today, has 94 days remaining before the expiration. The option is currently trading at a bid price of $6.7, and an ask price of $8.4. The implied volatility as of the 15th of July 2025 is 94.0.
When exercised, put options on Tarsus Pharmaceuticals produce a short position in Tarsus Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Tarsus Pharmaceuticals' downside price movement.

Rule 16 of 2025-10-17 Option Contract

The options market is anticipating that Tarsus Pharmaceuticals will have an average daily up or down price movement of about 0.0314% per day over the life of the option. With Tarsus Pharmaceuticals trading at USD 40.58, that is roughly USD 0.0127. If you think that the market is fully understating Tarsus Pharmaceuticals' daily price movement you should consider buying Tarsus Pharmaceuticals options at that current volatility level of 0.5%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

In The Money Put Option on Tarsus Pharmaceuticals

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 Tarsus Pharmaceuticals 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 Tarsus 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 NameTARS251017P00045000
Expires On2025-10-17
Days Before Expriration94
Vega0.074192
Gamma0.037261
Theoretical Value7.55
Open Interest5
Strike Price45.0
Last Traded At6.5
Current Price Spread6.7 | 8.4
Rule 16 Daily Up or DownUSD 0.0127

Tarsus short PUT Option Greeks

Tarsus Pharmaceuticals' Option Greeks for the contract ending on 2025-10-17 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 Tarsus Pharmaceuticals' option greeks, its implied volatility helps estimate the risk of Tarsus Pharmaceuticals stock implied by the prices of the options on Tarsus Pharmaceuticals' stock.
Delta-0.651807
Gamma0.037261
Theta-0.016389
Vega0.074192
Rho-0.062112

Tarsus long PUT Option Payoff at expiration

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

Tarsus short PUT Option Payoff at expiration

By selling Tarsus Pharmaceuticals' put option, the investors signal their bearish sentiment. A short position in a put option written on Tarsus Pharmaceuticals will generally make money when the underlying price is above the strike price. Therefore Tarsus Pharmaceuticals' put payoff at expiration depends on where the Tarsus Stock price is relative to the put option strike price. The breakeven price of 37.45 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 Tarsus Pharmaceuticals' price. Finally, at the strike price of 45.0, the payoff chart is constant and positive.
   Profit   
       Tarsus Pharmaceuticals Price At Expiration  
View All Tarsus Pharmaceuticals Options

Tarsus Pharmaceuticals Available Put Options

Tarsus Pharmaceuticals' option chain is a display of a range of information that helps investors for ways to trade options on Tarsus. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Tarsus. It also shows strike prices and maturity days for a Tarsus Pharmaceuticals 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
TARS251017P00075000075.033.5 - 37.933.5In
 Put
TARS251017P00070000070.028.5 - 32.928.5In
 Put
TARS251017P00065000065.023.5 - 28.023.5In
 Put
TARS251017P00060000060.018.5 - 22.918.5In
 Put
TARS251017P00055000055.013.5 - 18.413.5In
 Put
TARS251017P00050000350.09.0 - 13.810.19In
 Put
TARS251017P00045000545.06.7 - 8.46.5In
 Put
TARS251017P00040000040.01.65 - 6.51.65In
 Put
TARS251017P00035000535.00.1 - 5.02.5Out
 Put
TARS251017P00030000530.00.0 - 5.01.15Out

Tarsus Pharmaceuticals Corporate Management

Leonard JDChief OfficerProfile
Scott YoumansVice SalesProfile
Seshadri NeervannanChief OfficerProfile
Adrienne KempSenior CommunicationsProfile
Elizabeth MDChief DirectorProfile
Aziz MBAChief OfficerProfile

Additional Tools for Tarsus Stock Analysis

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