WKSP250919P00000500 Option on Worksport

WKSP Stock  USD 3.90  0.38  8.88%   
WKSP250919P00000500 is a PUT option contract on Worksport's common stock with a strick price of 0.5 expiring on 2025-09-19. The contract was not traded in recent days and, as of today, has 60 days remaining before the expiration. The option is currently trading at an ask price of $0.5. The implied volatility as of the 21st of July is 60.0.
When exercised, put options on Worksport produce a short position in Worksport Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Worksport's downside price movement.

Rule 16 of 2025-09-19 Option Contract

The options market is anticipating that Worksport will have an average daily up or down price movement of about 0.24% per day over the life of the option. With Worksport trading at USD 3.9, that is roughly USD 0.009238. If you think that the market is fully understating Worksport's daily price movement you should consider buying Worksport options at that current volatility level of 3.79%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put Option on Worksport

An 'Out of The Money' option on Worksport has a strike price that Worksport 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 Worksport's 'Out of The Money' options include buying the options if you expect a big move in Worksport'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 NameWKSP250919P00000500
Expires On2025-09-19
Days Before Expriration60
Vega0.001127
Gamma0.008395
Theoretical Value0.25
Open Interest21
Strike Price0.5
Current Price Spread0.0 | 0.5
Rule 16 Daily Up or DownUSD 0.009238

Worksport short PUT Option Greeks

Worksport's Option Greeks for the contract ending on 2025-09-19 at a strike price of 0.5 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 Worksport's option greeks, its implied volatility helps estimate the risk of Worksport stock implied by the prices of the options on Worksport's stock.
Delta-0.025707
Gamma0.008395
Theta-0.001461
Vega0.001127
Rho-0.001087

Worksport long PUT Option Payoff at expiration

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

Worksport short PUT Option Payoff at expiration

By selling Worksport's put option, the investors signal their bearish sentiment. A short position in a put option written on Worksport will generally make money when the underlying price is above the strike price. Therefore Worksport's put payoff at expiration depends on where the Worksport Stock price is relative to the put option strike price. The breakeven price of 0.25 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 Worksport's price. Finally, at the strike price of 0.5, the payoff chart is constant and positive.
   Profit   
       Worksport Price At Expiration  
View All Worksport Options

Worksport Available Put Options

Worksport's option chain is a display of a range of information that helps investors for ways to trade options on Worksport. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Worksport. It also shows strike prices and maturity days for a Worksport 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
WKSP250919P0000400004.03.3 - 4.13.3In
 Put
WKSP250919P0000300003.02.2 - 3.02.2Out
 Put
WKSP250919P0000200002.01.45 - 1.951.45Out
 Put
WKSP250919P0000150001.50.95 - 1.450.95Out
 Put
WKSP250919P00001000681.00.45 - 0.950.45Out
 Put
WKSP250919P00000500210.50.0 - 0.50.5Out

Worksport Corporate Management

Nilay ChoksiGeneral CounselProfile
Steven RossiPresident, ChairmanProfile
Chris BernaudoChief OfficerProfile
Steven RaivioExecutive SalesProfile

Additional Tools for Worksport Stock Analysis

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