2024-09-20 PUT at $57.5 Option on Bank of New York
| BK Stock | USD 59.61 1.19 2.04% |
2024-09-20 PUT at $57.5 is a PUT option contract on Bank of New York's common stock with a strick price of 57.5 expiring on 2024-09-20. The contract was last traded on 2024-05-30 at 15:12:20 for $1.9 and, as of today, has 109 days remaining before the expiration. The option is currently trading at a bid price of $1.45, and an ask price of $1.65. The implied volatility as of the 3rd of June is 20.5.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of New. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
Bank |
A put option written on Bank of New York becomes more valuable as the price of Bank of New York drops. Conversely, Bank of New York's put option loses its value as Bank Stock rises. When exercised, put options on Bank of New York produce a short position in Bank Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Bank of New York's downside price movement.
Rule 16 of 2024-09-20 Option Contract
The options market is anticipating that Bank of New will have an average daily up or down price movement of about 1.28% per day over the life of the option. With Bank of New York trading at USD 59.61, that is roughly USD 0.76. If you think that the market is fully understating Bank of New York's daily price movement you should consider buying Bank of New options at that current volatility level of 20.5%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on Bank of New York
An 'Out of The Money' option on Bank has a strike price that Bank 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 Bank of New York's 'Out of The Money' options include buying the options if you expect a big move in Bank of New York'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 Name | 2024-09-20 PUT at $57.5 |
| Expires On | 2024-09-20 |
| Days Before Expriration | 109 |
| Last Traded On | 2024-05-30 15:12:20 |
| Contract Period | MONTHLY |
| Open Interest | 191 |
| Current Trading Volume | 0.0 |
| Strike Price | 57.5 |
| Last Traded At | 1.9 |
| Current Price Spread | 1.45 | 1.65 |
| Rule 16 Daily Up or Down | USD0.76 |
Bank short PUT Option Greeks
Bank of New York's Option Greeks for the contract ending on 2024-09-20 at a strike price of 57.5 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 Bank of New York's option greeks, its implied volatility helps estimate the risk of Bank of New York stock implied by the prices of the options on Bank of New York's stock.
| Delta | -0.3309 | |
| Gamma | 0.0543 | |
| Theta | -0.0095 | |
| Vega | 0.1184 | |
| Rho | -0.0543 |
Bank long PUT Option Payoff at expiration
Put options written on Bank of New York grant holders of the option the right to sell a specified amount of Bank of New York 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 Bank Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Bank of New York is like buying insurance aginst Bank of New York's downside shift.
Profit |
| Bank of New York Price At Expiration |
Bank short PUT Option Payoff at expiration
By selling Bank of New York's put option, the investors signal their bearish sentiment. A short position in a put option written on Bank of New York will generally make money when the underlying price is above the strike price. Therefore Bank of New York's put payoff at expiration depends on where the Bank Stock price is relative to the put option strike price. The breakeven price of 55.95 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 Bank of New York's price. Finally, at the strike price of 57.5, the payoff chart is constant and positive.
Profit |
| Bank of New York Price At Expiration |
Bank of New York Available Put Options
Bank of New York's option chain is a display of a range of information that helps investors for ways to trade options on Bank. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Bank. It also shows strike prices and maturity days for a Bank of New York 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 | |||
Put | 2024-06-21 PUT at $40.0 | -0.0123 | 0.0029 | 545 | 2024-06-21 | 0.0 - 0.1 | 0.05 | Out |
Put | 2024-06-21 PUT at $52.5 | -0.1344 | 0.0295 | 1367 | 2024-06-21 | 0.05 - 1.0 | 0.1 | Out |
Put | 2024-06-21 PUT at $55.0 | -0.0714 | 0.0402 | 926 | 2024-06-21 | 0.05 - 0.15 | 0.11 | Out |
Put | 2024-06-21 PUT at $57.5 | -0.1893 | 0.1047 | 852 | 2024-06-21 | 0.2 - 0.35 | 0.4 | Out |
Put | 2024-06-21 PUT at $60.0 | -0.5541 | 0.1862 | 208 | 2024-06-21 | 0.95 - 1.1 | 1.6 | In |
Put | 2024-06-21 PUT at $62.5 | -0.847 | 0.0894 | 15 | 2024-06-21 | 1.4 - 4.7 | 3.1 | In |
Put | 2024-06-21 PUT at $65.0 | -0.7103 | 0.0419 | 0 | 2024-06-21 | 3.9 - 6.7 | 0.0 | In |
Put | 2024-06-21 PUT at $70.0 | -0.8912 | 0.0254 | 0 | 2024-06-21 | 8.9 - 10.7 | 0.0 | In |
Put | 2024-06-21 PUT at $75.0 | -0.9105 | 0.0169 | 0 | 2024-06-21 | 13.9 - 17.5 | 0.0 | In |
Put | 2024-06-21 PUT at $80.0 | -0.9218 | 0.0127 | 0 | 2024-06-21 | 18.9 - 22.5 | 0.0 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bank of New York without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Bank of New York Corporate Directors
Bank of New York corporate directors refer to members of a Bank of New York board of directors. The board of directors generally takes responsibility for the Bank of New York'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 Bank of New York's board members must vote for the resolution. The Bank of New York board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Samuel Scott | Independent Director | Profile | |
| Jennifer Morgan | Independent Director | Profile | |
| Elizabeth Robinson | Independent Director | Profile | |
| Edmund Kelly | Independent Director | Profile |
Already Invested in Bank of New?
The danger of trading Bank of New 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 Bank of New York 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 Bank of New York. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bank of New York 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 Bank of New York is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Bank Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Bank Of New Stock. Highlighted below are key reports to facilitate an investment decision about Bank Of New Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of New. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Bank Stock analysis
When running Bank of New York's price analysis, check to measure Bank of New York'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 Bank of New York is operating at the current time. Most of Bank of New York's value examination focuses on studying past and present price action to predict the probability of Bank of New York's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of New York's price. Additionally, you may evaluate how the addition of Bank of New York to your portfolios can decrease your overall portfolio volatility.
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Is Bank of New York'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 Bank of New York. If investors know Bank 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 Bank of New York listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.106 | Dividend Share 1.63 | Earnings Share 3.99 | Revenue Per Share 22.648 | Quarterly Revenue Growth 0.026 |
The market value of Bank of New York is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank of New York's value that differs from its market value or its book value, called intrinsic value, which is Bank of New York'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 Bank of New York's market value can be influenced by many factors that don't directly affect Bank of New York'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 Bank of New York's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of New York is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of New York'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.