TRML250919C00020000 Option on Tourmaline Bio

TRML Stock   19.16  0.30  1.59%   
TRML250919C00020000 is a PUT option contract on Tourmaline Bio's common stock with a strick price of 20.0 expiring on 2025-09-19. The contract was not traded in recent days and, as of today, has 58 days remaining before the expiration. The option is currently trading at a bid price of $0.55, and an ask price of $4.9. The implied volatility as of the 23rd of July is 58.0.
When exercised, put options on Tourmaline Bio produce a short position in Tourmaline Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Tourmaline Bio's downside price movement.

Rule 16 of 2025-09-19 Option Contract

The options market is anticipating that Tourmaline Bio will have an average daily up or down price movement of about 0.0712% per day over the life of the option. With Tourmaline Bio trading at USD 19.16, that is roughly USD 0.0137. If you think that the market is fully understating Tourmaline Bio's daily price movement you should consider buying Tourmaline Bio options at that current volatility level of 1.14%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Call Option on Tourmaline Bio

An 'Out of The Money' option on Tourmaline has a strike price that Tourmaline 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 Tourmaline Bio's 'Out of The Money' options include buying the options if you expect a big move in Tourmaline Bio'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.
Call Contract NameTRML250919C00020000
Expires On2025-09-19
Days Before Expriration58
Delta0.518368
Vega0.029454
Gamma0.047303
Theoretical Value2.73
Open Interest2
Strike Price20.0
Current Price Spread0.55 | 4.9
Rule 16 Daily Up or DownUSD 0.0137

Tourmaline short PUT Option Greeks

Tourmaline Bio's Option Greeks for the contract ending on 2025-09-19 at a strike price of 20.0 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 Tourmaline Bio's option greeks, its implied volatility helps estimate the risk of Tourmaline Bio stock implied by the prices of the options on Tourmaline Bio's stock.
Delta0.518368
Gamma0.047303
Theta-0.028783
Vega0.029454
Rho0.011055

Tourmaline long PUT Option Payoff at expiration

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

Tourmaline short PUT Option Payoff at expiration

By selling Tourmaline Bio's put option, the investors signal their bearish sentiment. A short position in a put option written on Tourmaline Bio will generally make money when the underlying price is above the strike price. Therefore Tourmaline Bio's put payoff at expiration depends on where the Tourmaline Stock price is relative to the put option strike price. The breakeven price of 22.73 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 Tourmaline Bio's price. Finally, at the strike price of 20.0, the payoff chart is constant and positive.
   Profit   
       Tourmaline Bio Price At Expiration  
View All Tourmaline Bio Options

Tourmaline Bio Available Call Options

Tourmaline Bio's option chain is a display of a range of information that helps investors for ways to trade options on Tourmaline. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Tourmaline. It also shows strike prices and maturity days for a Tourmaline Bio 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
Call
TRML250919C00040000040.00.0 - 5.05.0Out
Call
TRML250919C00035000935.00.0 - 4.94.9Out
Call
TRML250919C00030000230.00.0 - 3.53.5Out
Call
TRML250919C00025000025.00.0 - 1.951.95Out
Call
TRML250919C00022500022.50.0 - 4.94.9Out
Call
TRML250919C00020000220.00.55 - 4.90.55Out
Call
TRML250919C00017500317.51.05 - 4.62.75In
Call
TRML250919C000150004915.03.6 - 5.94.8In
Call
TRML250919C00012500212.55.6 - 8.55.7In
Call
TRML250919C00010000010.07.6 - 10.57.6In
Call
TRML250919C00007500107.58.5 - 13.09.8In
Call
TRML250919C0000250042.514.6 - 18.014.6In

Tourmaline Bio Corporate Management

Susan JonesChief OfficerProfile
Kimberly PiorkowskiCulture PeopleProfile
Bradford JDGeneral OfficerProfile
Dr MBAChief OfficerProfile
Emil MDSenior ResearchProfile
Yung MDChief OfficerProfile
When determining whether Tourmaline Bio is a strong investment it is important to analyze Tourmaline Bio'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 Tourmaline Bio's future performance. For an informed investment choice regarding Tourmaline Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tourmaline Bio. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For more information on how to buy Tourmaline Stock please use our How to buy in Tourmaline Stock guide.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Biotechnology 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 Tourmaline Bio. If investors know Tourmaline 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 Tourmaline Bio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(3.23)
Return On Assets
(0.19)
Return On Equity
(0.26)
The market value of Tourmaline Bio is measured differently than its book value, which is the value of Tourmaline that is recorded on the company's balance sheet. Investors also form their own opinion of Tourmaline Bio's value that differs from its market value or its book value, called intrinsic value, which is Tourmaline Bio'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 Tourmaline Bio's market value can be influenced by many factors that don't directly affect Tourmaline Bio'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 Tourmaline Bio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tourmaline Bio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tourmaline Bio'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.