PRGS250919P00055000 Option on Progress Software

PRGS Stock  USD 62.57  0.44  0.70%   
PRGS250919P00055000 is a PUT option contract on Progress Software's common stock with a strick price of 55.0 expiring on 2025-09-19. The contract was not traded in recent days and, as of today, has 90 days remaining before the expiration. The option is currently trading at a bid price of $0.9, and an ask price of $1.65. The implied volatility as of the 21st of June is 90.0.
When exercised, put options on Progress Software produce a short position in Progress Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Progress Software's downside price movement.

Rule 16 of 2025-09-19 Option Contract

The options market is anticipating that Progress Software will have an average daily up or down price movement of about 0.0221% per day over the life of the option. With Progress Software trading at USD 62.57, that is roughly USD 0.0138. If you think that the market is fully understating Progress Software's daily price movement you should consider buying Progress Software options at that current volatility level of 0.35%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put Option on Progress Software

An 'Out of The Money' option on Progress has a strike price that Progress 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 Progress Software's 'Out of The Money' options include buying the options if you expect a big move in Progress Software'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 NamePRGS250919P00055000
Expires On2025-09-19
Days Before Expriration90
Vega0.08514
Gamma0.025104
Theoretical Value1.28
Open Interest17
Strike Price55.0
Current Price Spread0.9 | 1.65
Rule 16 Daily Up or DownUSD 0.0138

Progress short PUT Option Greeks

Progress Software's Option Greeks for the contract ending on 2025-09-19 at a strike price of 55.0 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 Progress Software's option greeks, its implied volatility helps estimate the risk of Progress Software stock implied by the prices of the options on Progress Software's stock.
Delta-0.193499
Gamma0.025104
Theta-0.015587
Vega0.08514
Rho-0.029359

Progress long PUT Option Payoff at expiration

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

Progress short PUT Option Payoff at expiration

By selling Progress Software's put option, the investors signal their bearish sentiment. A short position in a put option written on Progress Software will generally make money when the underlying price is above the strike price. Therefore Progress Software's put payoff at expiration depends on where the Progress Stock price is relative to the put option strike price. The breakeven price of 53.72 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 Progress Software's price. Finally, at the strike price of 55.0, the payoff chart is constant and positive.
   Profit   
       Progress Software Price At Expiration  
View All Progress Software Options

Progress Software Available Put Options

Progress Software's option chain is a display of a range of information that helps investors for ways to trade options on Progress. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Progress. It also shows strike prices and maturity days for a Progress Software 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
PRGS250919P00095000095.030.5 - 34.430.5In
 Put
PRGS250919P00090000090.025.3 - 29.425.3In
 Put
PRGS250919P00085000085.022.1 - 23.522.1In
 Put
PRGS250919P00080000080.017.2 - 19.017.2In
 Put
PRGS250919P00075000075.011.1 - 13.911.1In
 Put
PRGS250919P00072500072.59.0 - 11.49.0In
 Put
PRGS250919P00070000070.07.4 - 9.37.4In
 Put
PRGS250919P00067500067.55.7 - 8.75.7In
 Put
PRGS250919P00065000065.04.4 - 5.84.4In
 Put
PRGS250919P00062500762.51.7 - 5.23.76Out
 Put
PRGS250919P000600001160.02.4 - 3.12.66Out
 Put
PRGS250919P00057500257.50.55 - 3.90.55Out
 Put
PRGS250919P000550001755.00.9 - 1.650.9Out
 Put
PRGS250919P000525001952.50.0 - 1.71.7Out
 Put
PRGS250919P000500003550.00.0 - 0.850.85Out
 Put
PRGS250919P000475001747.50.0 - 1.41.4Out
 Put
PRGS250919P00045000145.00.0 - 0.950.95Out
 Put
PRGS250919P00042500142.50.0 - 0.950.95Out
 Put
PRGS250919P00040000140.00.0 - 0.950.95Out

Progress Software Corporate Management

Amanda ArriaChief OfficerProfile
Michael MiccicheSenior RelationsProfile
Sundar SubramanianExecutive ManagementProfile
Jeremy SegalExecutive DevelopmentProfile

Additional Tools for Progress Stock Analysis

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