2024-06-21 CALL at $32.0 Option on United States Brent
| BNO Etf | USD 30.42 0.23 0.75% |
2024-06-21 CALL at $32.0 is a CALL option contract on United States' common stock with a strick price of 32.0 expiring on 2024-06-21. The contract was last traded on 2024-05-30 at 14:31:51 for $0.35 and, as of today, has 18 days remaining before the expiration. The option is currently trading at a bid price of $0.2, and an ask price of $0.4. The implied volatility as of the 3rd of June is 28.97.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in United States Brent. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
United |
Call options on United States give the investor right to buy United Etf at a specified price within a specific period. The strike price represents the predetermined price at which a call buyer can buy United Etf. Call options may be purchased for speculation or sold for income purposes, or simply combined for various spread or combination strategies. If United States' price is above the strike price at expiry, the profit is the current United States' stock price, minus the strike price and the premium.
Rule 16 of 2024-06-21 Option Contract
The options market is anticipating that United States Brent will have an average daily up or down price movement of about 1.81% per day over the life of the option. With United States trading at USD 30.42, that is roughly USD 0.55. If you think that the market is fully understating United States' daily price movement you should consider buying United States Brent options at that current volatility level of 28.97%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Call Option on United States
An 'Out of The Money' option on United has a strike price that United Etf 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 United States' 'Out of The Money' options include buying the options if you expect a big move in United States' 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 Name | 2024-06-21 CALL at $32.0 |
| Expires On | 2024-06-21 |
| Days Before Expriration | 18 |
| Last Traded On | 2024-05-30 14:31:51 |
| Contract Period | MONTHLY |
| Open Interest | 243 |
| Current Trading Volume | 0.0 |
| Strike Price | 32.0 |
| Last Traded At | 0.35 |
| Current Price Spread | 0.2 | 0.4 |
| Rule 16 Daily Up or Down | USD0.55 |
United short CALL Option Greeks
United States' Option Greeks for the contract ending on 2024-06-21 at a strike price of 32.0 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 United States' option greeks, its implied volatility helps estimate the risk of United States stock implied by the prices of the options on United States' stock.
| Delta | 0.2515 | |
| Gamma | 0.1545 | |
| Theta | -0.0175 | |
| Vega | 0.0227 | |
| Rho | 0.004 |
United long CALL Option Payoff at expiration
Buying United States' call option is the simplest of option trades. A call option on United Etf gives investors the right (but not the obligation) to purchase United States at the given strike price. Therefore United States' call intrinsic value or payoff at expiration depends on where the United Etf price is relative to the call option strike price. The strike price of 32.0 is the critical point that divides the payoff function into two parts. Below the strike, the payoff chart is constant and negative (the trade is a loss). Above the strike, the payoff line is upward sloping as the option payoff rises in proportion with United States' price. Finally, at the break-even point of 32.3, the line crosses zero, and trading United becomes profitable.
Profit |
| United States Price At Expiration |
United short CALL Option Payoff at expiration
By selling United States' call option, the investors signals his or her bearish sentiment. A short position in a call option written on United States will generally make money when the underlying price goes down. Therefore United States' call intrinsic value or payoff at expiration depends on where the United Etf price is relative to the call option strike price. The strike price of 32.0 is the critical point that divides the payoff function into two parts. Below the strike, the payoff chart is constant and positive (the seller makes a profit). Above the strike, the payoff line is downward sloping as the option payoff drops in proportion to United States' price. Finally, at the break-even point of 32.3, the line crosses zero, and trading United becomes disadvantageous with no downside limits.
Profit |
| United States Price At Expiration |
United States Brent Available Call Options
United States' option chain is a display of a range of information that helps investors for ways to trade options on United. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for United. It also shows strike prices and maturity days for a United States 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 | 2024-06-21 CALL at $20.0 | 0.9329 | 0.0136 | 19 | 2024-06-21 | 9.4 - 10.8 | 10.99 | In |
Call | 2024-06-21 CALL at $23.0 | 0.9116 | 0.023 | 0 | 2024-06-21 | 7.1 - 7.8 | 0.0 | In |
Call | 2024-06-21 CALL at $24.0 | 0.9017 | 0.0283 | 0 | 2024-06-21 | 6.1 - 6.8 | 0.0 | In |
Call | 2024-06-21 CALL at $25.0 | 0.9615 | 0.0236 | 0 | 2024-06-21 | 5.2 - 5.9 | 0.0 | In |
Call | 2024-06-21 CALL at $26.0 | 0.9564 | 0.0316 | 0 | 2024-06-21 | 4.1 - 5.0 | 0.0 | In |
Call | 2024-06-21 CALL at $27.0 | 0.9208 | 0.0542 | 0 | 2024-06-21 | 3.3 - 3.9 | 0.0 | In |
Call | 2024-06-21 CALL at $28.0 | 0.9022 | 0.0833 | 0 | 2024-06-21 | 2.4 - 2.8 | 0.0 | In |
Call | 2024-06-21 CALL at $29.0 | 0.7253 | 0.1194 | 0 | 2024-06-21 | 1.45 - 2.55 | 0.0 | In |
Call | 2024-06-21 CALL at $30.0 | 0.6191 | 0.2026 | 2 | 2024-06-21 | 0.85 - 1.2 | 1.13 | In |
Call | 2024-06-21 CALL at $31.0 | 0.4121 | 0.2032 | 17 | 2024-06-21 | 0.45 - 0.65 | 0.55 | Out |
Call | 2024-06-21 CALL at $32.0 | 0.2515 | 0.1545 | 243 | 2024-06-21 | 0.2 - 0.4 | 0.35 | Out |
Be your own money manager
Our tools can tell you how much better you can do entering a position in United States 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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Already Invested in United States Brent?
The danger of trading United States Brent is mainly related to its market volatility and ETF 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 United States 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 United States. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile United States Brent 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 United States Brent offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of United States' 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 United States Brent Etf. Outlined below are crucial reports that will aid in making a well-informed decision on United States Brent Etf: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in United States Brent. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of United States Brent is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United States' value that differs from its market value or its book value, called intrinsic value, which is United States' 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 United States' market value can be influenced by many factors that don't directly affect United States' 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 United States' value and its price as these two are different measures arrived at by different means. Investors typically determine if United States is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United States' 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.