2024-05-17 PUT at $510.0 Option on Credit Acceptance
| CACC Stock | USD 506.28 5.12 1.02% |
2024-05-17 PUT at $510.0 is a PUT option contract on Credit Acceptance's common stock with a strick price of 510.0 expiring on 2024-05-17. The contract was last traded on 2024-05-01 at 11:13:43 for $30.46 and, as of today, has 14 days remaining before the expiration. The option is currently trading at a bid price of $15.1, and an ask price of $20.3. The implied volatility as of the 4th of May is 33.81.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Credit Acceptance. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Credit Stock refer to our How to Trade Credit Stock guide.
Credit |
A put option written on Credit Acceptance becomes more valuable as the price of Credit Acceptance drops. Conversely, Credit Acceptance's put option loses its value as Credit Stock rises. When exercised, put options on Credit Acceptance produce a short position in Credit Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Credit Acceptance's downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that Credit Acceptance will have an average daily up or down price movement of about 2.11% per day over the life of the option. With Credit Acceptance trading at USD 506.28, that is roughly USD 10.7. If you think that the market is fully understating Credit Acceptance's daily price movement you should consider buying Credit Acceptance options at that current volatility level of 33.81%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Put Option on Credit Acceptance
An 'In The Money' option is one with a strike price that the current stock price has already surpassed. Some options investors can hedge their Credit Acceptance positions using in-the-money options. They may also want to buy options with some intrinsic value, not just time value. However, because in-the-money options on Credit Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
| Put Contract Name | 2024-05-17 PUT at $510.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 14 |
| Last Traded On | 2024-05-01 11:13:43 |
| Contract Period | MONTHLY |
| Open Interest | 15 |
| Current Trading Volume | 0.0 |
| Strike Price | 510.0 |
| Last Traded At | 30.46 |
| Current Price Spread | 15.1 | 20.3 |
| Rule 16 Daily Up or Down | USD10.7 |
Credit short PUT Option Greeks
Credit Acceptance's Option Greeks for the contract ending on 2024-05-17 at a strike price of 510.0 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 Credit Acceptance's option greeks, its implied volatility helps estimate the risk of Credit Acceptance stock implied by the prices of the options on Credit Acceptance's stock.
| Delta | -0.5834 | |
| Gamma | 0.0119 | |
| Theta | -0.425 | |
| Vega | 0.3825 | |
| Rho | -0.0965 |
Credit long PUT Option Payoff at expiration
Put options written on Credit Acceptance grant holders of the option the right to sell a specified amount of Credit Acceptance 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 Credit Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Credit Acceptance is like buying insurance aginst Credit Acceptance's downside shift.
Profit |
| Credit Acceptance Price At Expiration |
Credit short PUT Option Payoff at expiration
By selling Credit Acceptance's put option, the investors signal their bearish sentiment. A short position in a put option written on Credit Acceptance will generally make money when the underlying price is above the strike price. Therefore Credit Acceptance's put payoff at expiration depends on where the Credit Stock price is relative to the put option strike price. The breakeven price of 492.3 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 Credit Acceptance's price. Finally, at the strike price of 510.0, the payoff chart is constant and positive.
Profit |
| Credit Acceptance Price At Expiration |
Credit Acceptance Available Put Options
Credit Acceptance's option chain is a display of a range of information that helps investors for ways to trade options on Credit. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Credit. It also shows strike prices and maturity days for a Credit Acceptance 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 | 2024-05-17 PUT at $420.0 | -0.0664 | 0.0021 | 3 | 2024-05-17 | 0.3 - 3.5 | 2.81 | Out |
Put | 2024-05-17 PUT at $430.0 | -0.0768 | 0.0025 | 2 | 2024-05-17 | 0.4 - 3.7 | 3.48 | Out |
Put | 2024-05-17 PUT at $440.0 | -0.0504 | 0.0025 | 6 | 2024-05-17 | 0.55 - 4.1 | 0.9 | Out |
Put | 2024-05-17 PUT at $450.0 | -0.0814 | 0.0037 | 16 | 2024-05-17 | 0.75 - 4.8 | 1.55 | Out |
Put | 2024-05-17 PUT at $460.0 | -0.1369 | 0.0053 | 19 | 2024-05-17 | 1.75 - 3.2 | 3.0 | Out |
Put | 2024-05-17 PUT at $470.0 | -0.1685 | 0.007 | 7 | 2024-05-17 | 2.7 - 3.9 | 3.32 | Out |
Put | 2024-05-17 PUT at $480.0 | -0.2214 | 0.0098 | 12 | 2024-05-17 | 2.2 - 5.8 | 13.0 | Out |
Put | 2024-05-17 PUT at $490.0 | -0.3292 | 0.0124 | 14 | 2024-05-17 | 4.5 - 8.6 | 13.0 | Out |
Put | 2024-05-17 PUT at $500.0 | -0.4618 | 0.0138 | 39 | 2024-05-17 | 9.7 - 12.2 | 10.54 | Out |
Put | 2024-05-17 PUT at $510.0 | -0.5834 | 0.0119 | 15 | 2024-05-17 | 15.1 - 20.3 | 30.46 | In |
Put | 2024-05-17 PUT at $520.0 | -0.7157 | 0.0114 | 11 | 2024-05-17 | 20.1 - 26.5 | 30.45 | In |
Put | 2024-05-17 PUT at $530.0 | -0.7989 | 0.0089 | 9 | 2024-05-17 | 28.4 - 35.0 | 45.0 | In |
Put | 2024-05-17 PUT at $540.0 | -0.9107 | 0.0059 | 17 | 2024-05-17 | 35.1 - 44.0 | 29.34 | In |
Put | 2024-05-17 PUT at $550.0 | -0.8129 | 0.0055 | 21 | 2024-05-17 | 44.4 - 53.0 | 59.26 | In |
Put | 2024-05-17 PUT at $560.0 | -0.9772 | 0.0018 | 3 | 2024-05-17 | 54.8 - 63.0 | 25.5 | In |
Put | 2024-05-17 PUT at $570.0 | -0.8404 | 0.0077 | 4 | 2024-05-17 | 63.7 - 73.0 | 32.1 | In |
Put | 2024-05-17 PUT at $580.0 | -0.8503 | 0.0036 | 0 | 2024-05-17 | 73.5 - 83.0 | 85.0 | In |
Put | 2024-05-17 PUT at $590.0 | -0.8585 | 0.0032 | 0 | 2024-05-17 | 83.5 - 93.0 | 95.0 | In |
Put | 2024-05-17 PUT at $600.0 | -0.8655 | 0.0029 | 0 | 2024-05-17 | 93.4 - 103.0 | 0.0 | In |
Put | 2024-05-17 PUT at $610.0 | -0.8715 | 0.0026 | 1 | 2024-05-17 | 103.3 - 113.0 | 120.0 | In |
Put | 2024-05-17 PUT at $620.0 | -0.8768 | 0.0024 | 0 | 2024-05-17 | 113.7 - 123.0 | 130.0 | In |
Put | 2024-05-17 PUT at $630.0 | -0.8814 | 0.0022 | 0 | 2024-05-17 | 123.7 - 133.0 | 0.0 | In |
Put | 2024-05-17 PUT at $640.0 | -0.8855 | 0.0021 | 0 | 2024-05-17 | 133.3 - 143.0 | 0.0 | In |
Put | 2024-05-17 PUT at $650.0 | -0.8891 | 0.0019 | 0 | 2024-05-17 | 143.6 - 153.0 | 0.0 | In |
Put | 2024-05-17 PUT at $660.0 | -0.8924 | 0.0018 | 0 | 2024-05-17 | 153.6 - 163.0 | 0.0 | In |
Put | 2024-05-17 PUT at $670.0 | -0.8956 | 0.0017 | 0 | 2024-05-17 | 163.5 - 173.0 | 0.0 | In |
Put | 2024-05-17 PUT at $680.0 | -0.8983 | 0.0016 | 0 | 2024-05-17 | 173.5 - 183.0 | 0.0 | In |
Put | 2024-05-17 PUT at $690.0 | -0.9011 | 0.0015 | 0 | 2024-05-17 | 183.1 - 193.0 | 0.0 | In |
Put | 2024-05-17 PUT at $700.0 | -0.9034 | 0.0015 | 0 | 2024-05-17 | 193.1 - 203.0 | 0.0 | In |
Put | 2024-05-17 PUT at $710.0 | -0.9059 | 0.0014 | 0 | 2024-05-17 | 203.1 - 213.0 | 0.0 | In |
Put | 2024-05-17 PUT at $720.0 | -0.9078 | 0.0013 | 2 | 2024-05-17 | 213.1 - 223.0 | 215.1 | In |
Put | 2024-05-17 PUT at $730.0 | -0.9098 | 0.0013 | 0 | 2024-05-17 | 223.1 - 233.0 | 0.0 | In |
Put | 2024-05-17 PUT at $740.0 | -0.9117 | 0.0012 | 0 | 2024-05-17 | 233.1 - 243.0 | 0.0 | In |
Put | 2024-05-17 PUT at $750.0 | -0.9132 | 0.0012 | 0 | 2024-05-17 | 243.1 - 253.0 | 0.0 | In |
Put | 2024-05-17 PUT at $760.0 | -0.9147 | 0.0011 | 0 | 2024-05-17 | 253.1 - 263.0 | 0.0 | In |
Put | 2024-05-17 PUT at $770.0 | -0.9161 | 0.0011 | 0 | 2024-05-17 | 263.1 - 273.0 | 0.0 | In |
Put | 2024-05-17 PUT at $780.0 | -0.9174 | 0.0011 | 0 | 2024-05-17 | 273.1 - 283.0 | 0.0 | In |
Put | 2024-05-17 PUT at $790.0 | -0.9186 | 0.001 | 0 | 2024-05-17 | 283.1 - 293.0 | 0.0 | In |
Put | 2024-05-17 PUT at $800.0 | -0.9197 | 0.001 | 0 | 2024-05-17 | 293.1 - 303.0 | 0.0 | In |
Put | 2024-05-17 PUT at $810.0 | -0.9208 | 0.001 | 0 | 2024-05-17 | 303.1 - 313.0 | 0.0 | In |
Put | 2024-05-17 PUT at $820.0 | -0.9219 | 9.0E-4 | 0 | 2024-05-17 | 313.1 - 323.0 | 0.0 | In |
Put | 2024-05-17 PUT at $830.0 | -0.9228 | 9.0E-4 | 0 | 2024-05-17 | 323.1 - 333.0 | 0.0 | In |
Put | 2024-05-17 PUT at $840.0 | -0.9238 | 9.0E-4 | 0 | 2024-05-17 | 333.1 - 343.0 | 0.0 | In |
Put | 2024-05-17 PUT at $850.0 | -0.9246 | 9.0E-4 | 0 | 2024-05-17 | 343.1 - 353.0 | 0.0 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Credit Acceptance 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?
Run Transaction History Now
Transaction HistoryView history of all your transactions and understand their impact on performance |
| All Next | Launch Module |
Credit Acceptance Corporate Executives
Elected by the shareholders, the Credit Acceptance's board of directors comprises two types of representatives: Credit Acceptance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Credit. The board's role is to monitor Credit Acceptance's management team and ensure that shareholders' interests are well served. Credit Acceptance's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Credit Acceptance's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kenneth Booth | CFO and Chief Accounting Officer | Profile |
Already Invested in Credit Acceptance?
The danger of trading Credit Acceptance 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 Credit Acceptance 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 Credit Acceptance. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Credit Acceptance 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 Credit Acceptance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Credit Acceptance'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 Credit Acceptance Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Credit Acceptance Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Credit Acceptance. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Credit Stock refer to our How to Trade Credit Stock guide.Note that the Credit Acceptance information on this page should be used as a complementary analysis to other Credit Acceptance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Credit Stock analysis
When running Credit Acceptance's price analysis, check to measure Credit Acceptance'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 Credit Acceptance is operating at the current time. Most of Credit Acceptance's value examination focuses on studying past and present price action to predict the probability of Credit Acceptance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Credit Acceptance's price. Additionally, you may evaluate how the addition of Credit Acceptance to your portfolios can decrease your overall portfolio volatility.
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal |
Is Credit Acceptance'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 Credit Acceptance. If investors know Credit 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 Credit Acceptance 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 (0.33) | Earnings Share 19.45 | Revenue Per Share 67.662 | Quarterly Revenue Growth (0.12) | Return On Assets 0.0329 |
The market value of Credit Acceptance is measured differently than its book value, which is the value of Credit that is recorded on the company's balance sheet. Investors also form their own opinion of Credit Acceptance's value that differs from its market value or its book value, called intrinsic value, which is Credit Acceptance'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 Credit Acceptance's market value can be influenced by many factors that don't directly affect Credit Acceptance'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 Credit Acceptance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Credit Acceptance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Credit Acceptance'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.