2024-05-17 PUT at $19.0 Option on Cinemark Holdings
| CNK Stock | USD 17.72 0.13 0.74% |
2024-05-17 PUT at $19.0 is a PUT option contract on Cinemark Holdings' common stock with a strick price of 19.0 expiring on 2024-05-17. The contract was last traded on 2024-05-02 at 10:46:26 for $1.85 and, as of today, has 12 days remaining before the expiration. The option is currently trading at a bid price of $1.3, and an ask price of $1.7. The implied volatility as of the 5th of May is 48.03.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cinemark Holdings. 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. For more information on how to buy Cinemark Stock please use our How to buy in Cinemark Stock guide.
Cinemark |
A put option written on Cinemark Holdings becomes more valuable as the price of Cinemark Holdings drops. Conversely, Cinemark Holdings' put option loses its value as Cinemark Stock rises. When exercised, put options on Cinemark Holdings produce a short position in Cinemark Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Cinemark Holdings' downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that Cinemark Holdings will have an average daily up or down price movement of about 3.0% per day over the life of the option. With Cinemark Holdings trading at USD 17.72, that is roughly USD 0.53. If you think that the market is fully understating Cinemark Holdings' daily price movement you should consider buying Cinemark Holdings options at that current volatility level of 48.03%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Put Option on Cinemark Holdings
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 Cinemark Holdings 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 Cinemark 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 $19.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 12 |
| Last Traded On | 2024-05-02 10:46:26 |
| Contract Period | MONTHLY |
| Open Interest | 252 |
| Current Trading Volume | 0.0 |
| Strike Price | 19.0 |
| Last Traded At | 1.85 |
| Current Price Spread | 1.3 | 1.7 |
| Rule 16 Daily Up or Down | USD0.53 |
Cinemark short PUT Option Greeks
Cinemark Holdings' Option Greeks for the contract ending on 2024-05-17 at a strike price of 19.0 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 Cinemark Holdings' option greeks, its implied volatility helps estimate the risk of Cinemark Holdings stock implied by the prices of the options on Cinemark Holdings' stock.
| Delta | -0.7664 | |
| Gamma | 0.1892 | |
| Theta | -0.0195 | |
| Vega | 0.0102 | |
| Rho | -0.0054 |
Cinemark long PUT Option Payoff at expiration
Put options written on Cinemark Holdings grant holders of the option the right to sell a specified amount of Cinemark Holdings 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 Cinemark Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Cinemark Holdings is like buying insurance aginst Cinemark Holdings' downside shift.
Profit |
| Cinemark Holdings Price At Expiration |
Cinemark short PUT Option Payoff at expiration
By selling Cinemark Holdings' put option, the investors signal their bearish sentiment. A short position in a put option written on Cinemark Holdings will generally make money when the underlying price is above the strike price. Therefore Cinemark Holdings' put payoff at expiration depends on where the Cinemark Stock price is relative to the put option strike price. The breakeven price of 17.5 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 Cinemark Holdings' price. Finally, at the strike price of 19.0, the payoff chart is constant and positive.
Profit |
| Cinemark Holdings Price At Expiration |
Cinemark Holdings Available Put Options
Cinemark Holdings' option chain is a display of a range of information that helps investors for ways to trade options on Cinemark. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Cinemark. It also shows strike prices and maturity days for a Cinemark Holdings 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 $16.0 | -0.1216 | 0.126 | 72 | 2024-05-17 | 0.05 - 0.15 | 0.13 | Out |
Put | 2024-05-17 PUT at $17.0 | -0.2635 | 0.2704 | 178 | 2024-05-17 | 0.2 - 0.3 | 0.2 | Out |
Put | 2024-05-17 PUT at $18.0 | -0.5875 | 0.3402 | 332 | 2024-05-17 | 0.55 - 0.7 | 0.62 | In |
Put | 2024-05-17 PUT at $19.0 | -0.7664 | 0.1892 | 252 | 2024-05-17 | 1.3 - 1.7 | 1.85 | In |
Put | 2024-05-17 PUT at $20.0 | -0.7237 | 0.1059 | 377 | 2024-05-17 | 1.25 - 4.3 | 1.85 | In |
Put | 2024-05-17 PUT at $21.0 | -0.8916 | 0.0792 | 4 | 2024-05-17 | 2.4 - 3.4 | 2.86 | In |
Put | 2024-05-17 PUT at $22.0 | -0.9043 | 0.0605 | 0 | 2024-05-17 | 2.8 - 4.4 | 4.44 | In |
Put | 2024-05-17 PUT at $23.0 | -0.7993 | 0.0588 | 0 | 2024-05-17 | 4.4 - 7.1 | 0.0 | In |
Put | 2024-05-17 PUT at $24.0 | -0.9197 | 0.0411 | 0 | 2024-05-17 | 5.3 - 6.4 | 0.0 | In |
Put | 2024-05-17 PUT at $25.0 | -0.7338 | 0.0447 | 0 | 2024-05-17 | 7.1 - 9.4 | 0.0 | In |
Put | 2024-05-17 PUT at $26.0 | -0.7363 | 0.0411 | 0 | 2024-05-17 | 6.7 - 9.3 | 0.0 | In |
Put | 2024-05-17 PUT at $30.0 | -0.909 | 0.0263 | 0 | 2024-05-17 | 11.9 - 12.5 | 0.0 | In |
Put | 2024-05-17 PUT at $35.0 | -0.9468 | 0.016 | 0 | 2024-05-17 | 17.1 - 17.4 | 0.0 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cinemark Holdings 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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Cinemark Holdings Corporate Directors
Cinemark Holdings corporate directors refer to members of a Cinemark Holdings board of directors. The board of directors generally takes responsibility for the Cinemark Holdings' 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 Cinemark Holdings' board members must vote for the resolution. The Cinemark Holdings board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Carlos Sepulveda | Lead Independent Director | Profile | |
| Darcy Antonellis | Independent Director | Profile | |
| Raymond Syufy | Director | Profile | |
| Steven Rosenberg | Independent Director | Profile |
Already Invested in Cinemark Holdings?
The danger of trading Cinemark Holdings 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 Cinemark Holdings 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 Cinemark Holdings. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cinemark Holdings 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 Cinemark Holdings 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 Cinemark 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 Cinemark Holdings Stock. Highlighted below are key reports to facilitate an investment decision about Cinemark Holdings Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cinemark Holdings. 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. For more information on how to buy Cinemark Stock please use our How to buy in Cinemark Stock guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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When running Cinemark Holdings' price analysis, check to measure Cinemark Holdings' 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 Cinemark Holdings is operating at the current time. Most of Cinemark Holdings' value examination focuses on studying past and present price action to predict the probability of Cinemark Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cinemark Holdings' price. Additionally, you may evaluate how the addition of Cinemark Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Cinemark Holdings' 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 Cinemark Holdings. If investors know Cinemark 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 Cinemark Holdings 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 (0.38) | Earnings Share 1.56 | Revenue Per Share 25.447 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0475 |
The market value of Cinemark Holdings is measured differently than its book value, which is the value of Cinemark that is recorded on the company's balance sheet. Investors also form their own opinion of Cinemark Holdings' value that differs from its market value or its book value, called intrinsic value, which is Cinemark Holdings' 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 Cinemark Holdings' market value can be influenced by many factors that don't directly affect Cinemark Holdings' 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 Cinemark Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cinemark Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cinemark Holdings' 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.