Sphere 3D Stock Options
| ANY Stock | USD 1.08 0.02 1.82% |
Sphere 3D's option chain provides insight into all available option contracts written on Sphere 3D's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Sphere 3D's stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given Sphere option contract.
In The Money vs. Out of Money Option Contracts on Sphere 3D
Analyzing Sphere 3D's in-the-money options over time can help investors to take a profitable long position in Sphere 3D regardless of its overall volatility. This is especially true when Sphere 3D's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Sphere 3D's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Sphere 3D's stock while costing only a fraction of its price.
Sphere 3D's latest option contracts expiring on 2024-05-17 are carrying combined implied volatility of 146.15 with a put-to-call open interest ratio of 0.05 over 14 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2024-05-17. The current put volume is at 0, with calls trading at the volume of 4. This yields a 0.0 put-to-call volume ratio. The Sphere 3D option chain provides detailed quote and price information for the current Sphere 3D Corp option contracts. It shows all of Sphere 3D's listed puts, calls, expiration dates, strike prices, and other pricing information.
Open Interest Against 2024-05-17 Option Contracts
Sphere 3D option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Sphere 3D's lending market. For example, when Sphere 3D's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Sphere 3D, he or she must hedge the risk by shorting Sphere 3D stock over its option's life.
2024-05-17
The chart above shows Sphere 3D's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Sphere 3D's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Sphere 3D's option, there is no secondary market available for investors to trade.
Sphere 3D's stock options are financial instruments that give investors the right to buy or sell shares of Sphere 3D Corp common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Sphere stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Sphere 3D's stock price goes up or down, the stock options follow.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sphere 3D Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Please note that buying 'in-the-money' options on Sphere 3D lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Sphere 3D's value remains static through the expiration date, the investor can sell to close an 'in-the-money' option to avoid a potential loss. However, in-the-money Sphere 3D contracts are usually more expensive to enter than their out-of-the-money counterparts. So keep in mind that while the payoffs on an in-the-money trade can be high, the investors could ultimately experience a more consequential loss if Sphere Stock moves the wrong way.
At this time, Sphere 3D's Common Stock Shares Outstanding is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to rise to about 63 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 37.2 M in 2024. Sphere Current Options Market Mood
Sphere 3D's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Sphere Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Most options investors, including buyers and sellers of Sphere 3D's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Sphere 3D's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Sphere 3D's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.
Rule 16 of the current Sphere contract
Base on the Rule 16, the options market is currently suggesting that Sphere 3D Corp will have an average daily up or down price movement of about 9.13% per day over the life of the 2024-05-17 option contract. With Sphere 3D trading at USD 1.08, that is roughly USD 0.0987. If you think that the market is fully incorporating Sphere 3D's daily price movement you should consider buying Sphere 3D Corp options at the current volatility level of 146.15%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Sphere |
Purchasing Sphere 3D options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Sphere calls. Remember, the seller must deliver Sphere 3D Corp stock to the call owner when a call is exercised.
Sphere 3D Option Chain
When Sphere 3D's strike price is surpassing the current stock price, the option contract against Sphere 3D Corp stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
Sphere 3D's option chain is a display of a range of information that helps investors for ways to trade options on Sphere. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Sphere. It also shows strike prices and maturity days for a Sphere 3D 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. | Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Call | 2024-05-17 CALL at $0.5 | 0.8885 | 0.1668 | 25 | 2024-05-17 | 0.4 - 0.65 | 0.7 | In |
Call | 2024-05-17 CALL at $1.0 | 0.6141 | 1.1663 | 107 | 2024-05-17 | 0.1 - 0.15 | 0.15 | In |
Put | 2024-05-17 PUT at $1.5 | -0.6269 | 0.6183 | 3 | 2024-05-17 | 0.4 - 0.75 | 0.35 | In |
Put | 2024-05-17 PUT at $2.0 | -0.7652 | 0.4708 | 57 | 2024-05-17 | 0.8 - 1.25 | 0.85 | In |
Put | 2024-05-17 PUT at $3.0 | -0.7145 | 0.3293 | 0 | 2024-05-17 | 1.9 - 2.25 | 0.0 | In |
Put | 2024-05-17 PUT at $4.0 | -0.8141 | 0.2651 | 0 | 2024-05-17 | 2.75 - 3.3 | 0.0 | In |
Put | 2024-05-17 PUT at $5.0 | -0.8704 | 0.2104 | 0 | 2024-05-17 | 3.8 - 4.0 | 0.0 | In |
Sphere 3D Total Stockholder Equity Over Time
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders. Total Stockholder Equity |
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Sphere 3D Common Stock Shares Outstanding Over Time
The total number of shares of a company's common stock that are currently owned by all its shareholders. Common Stock Shares Outstanding |
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Sphere Total Stockholder Equity
Total Stockholder Equity |
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Sphere 3D Corporate Directors
Sphere 3D corporate directors refer to members of a Sphere 3D board of directors. The board of directors generally takes responsibility for the Sphere 3D's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Sphere 3D's board members must vote for the resolution. The Sphere 3D board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Daniel Bordessa | Director | Profile | |
| Duncan McEwan | Director | Profile | |
| Mario Biasini | Founder and Director | Profile | |
| Vivekanand Mahadevan | Director | Profile |
Already Invested in Sphere 3D Corp?
The danger of trading Sphere 3D Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Sphere 3D is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Sphere 3D. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Sphere 3D Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Sphere 3D Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sphere 3D's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sphere 3d Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sphere 3d Corp Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sphere 3D Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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Is Sphere 3D's industry 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 Sphere 3D. If investors know Sphere 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 Sphere 3D listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.93) | Revenue Per Share 1.806 | Quarterly Revenue Growth 4.385 | Return On Assets (0.17) | Return On Equity (0.42) |
The market value of Sphere 3D Corp is measured differently than its book value, which is the value of Sphere that is recorded on the company's balance sheet. Investors also form their own opinion of Sphere 3D's value that differs from its market value or its book value, called intrinsic value, which is Sphere 3D'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 Sphere 3D's market value can be influenced by many factors that don't directly affect Sphere 3D'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 Sphere 3D's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sphere 3D is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sphere 3D'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.