CPA240517C00075000 Option on Copa Holdings SA
| CPA Stock | USD 98.74 1.51 1.55% |
Copa Holdings' latest option contracts expiring on 2024-06-21 are carrying combined implied volatility of 36.18 with a put-to-call open interest ratio of 0.35 over 46 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2024-06-21. The current put volume is at 3, with calls trading at the volume of 94. This yields a 0.03 put-to-call volume ratio.
Open Interest Against 2024-06-21 Option Contracts
2024-06-21
The chart above shows Copa Holdings' 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. Copa Holdings' open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Copa Holdings' option, there is no secondary market available for investors to trade.
Copa Holdings Maximum Pain Price across 2024-06-21 Option Contracts
Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Copa Holdings close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Copa Holdings' option chain provides insight into all available option contracts written on Copa Holdings' stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Copa Holdings' 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 Copa option contract.
In The Money vs. Out of Money Option Contracts on Copa Holdings
Analyzing Copa Holdings' in-the-money options over time can help investors to take a profitable long position in Copa Holdings regardless of its overall volatility. This is especially true when Copa Holdings' options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Copa Holdings' options could be used as guardians of the underlying stock as they move almost dollar for dollar with Copa Holdings' stock while costing only a fraction of its price.
Copa Holdings' stock options are financial instruments that give investors the right to buy or sell shares of Copa Holdings SA common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Copa stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Copa Holdings' stock price goes up or down, the stock options follow.
At present, Copa Holdings' Common Stock Shares Outstanding is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 5.2 M, whereas Total Stockholder Equity is forecasted to decline to about 1.3 B. Copa Holdings SA In The Money Call Balance
When Copa Holdings' strike price is surpassing the current stock price, the option contract against Copa Holdings SA stock is said to be in the money. When it comes to buying Copa Holdings' options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Copa Holdings SA are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
Copa Current Options Market Mood
Copa Holdings' 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 Copa 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 Copa Holdings' calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Copa Holdings' 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 Copa Holdings' 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 Copa contract
Base on the Rule 16, the options market is currently suggesting that Copa Holdings SA will have an average daily up or down price movement of about 2.26% per day over the life of the 2024-06-21 option contract. With Copa Holdings trading at USD 98.74, that is roughly USD 2.23. If you think that the market is fully incorporating Copa Holdings' daily price movement you should consider buying Copa Holdings SA options at the current volatility level of 36.18%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Copa |
Purchasing Copa Holdings 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" Copa calls. Remember, the seller must deliver Copa Holdings SA stock to the call owner when a call is exercised.
Copa Holdings Option Chain
When Copa Holdings' strike price is surpassing the current stock price, the option contract against Copa Holdings SA 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.
Copa Holdings' option chain is a display of a range of information that helps investors for ways to trade options on Copa. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Copa. It also shows strike prices and maturity days for a Copa 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 | |||
Call | 2024-06-21 CALL at $50.0 | 0.9732 | 0.0016 | 0 | 2024-06-21 | 47.3 - 50.9 | 0.0 | In |
Call | 2024-06-21 CALL at $55.0 | 0.9956 | 5.0E-4 | 0 | 2024-06-21 | 42.3 - 45.2 | 0.0 | In |
Call | 2024-06-21 CALL at $60.0 | 0.9952 | 6.0E-4 | 0 | 2024-06-21 | 37.3 - 40.2 | 0.0 | In |
Call | 2024-06-21 CALL at $65.0 | 0.9947 | 8.0E-4 | 0 | 2024-06-21 | 32.3 - 35.2 | 0.0 | In |
Call | 2024-06-21 CALL at $70.0 | 0.9777 | 0.0029 | 0 | 2024-06-21 | 27.4 - 30.3 | 0.0 | In |
Call | 2024-06-21 CALL at $75.0 | 0.9734 | 0.0041 | 0 | 2024-06-21 | 22.4 - 25.3 | 0.0 | In |
Call | 2024-06-21 CALL at $80.0 | 0.9602 | 0.0069 | 0 | 2024-06-21 | 17.4 - 20.4 | 0.0 | In |
Call | 2024-06-21 CALL at $85.0 | 0.8267 | 0.0148 | 0 | 2024-06-21 | 12.6 - 15.4 | 13.1 | In |
Call | 2024-06-21 CALL at $90.0 | 0.7907 | 0.0236 | 12 | 2024-06-21 | 9.1 - 11.3 | 8.8 | In |
Call | 2024-06-21 CALL at $95.0 | 0.6902 | 0.0427 | 14 | 2024-06-21 | 4.9 - 6.0 | 5.4 | In |
Call | 2024-06-21 CALL at $100.0 | 0.4428 | 0.0544 | 284 | 2024-06-21 | 2.0 - 2.5 | 2.3 | Out |
Call | 2024-06-21 CALL at $105.0 | 0.1994 | 0.0401 | 382 | 2024-06-21 | 0.6 - 0.85 | 0.75 | Out |
Call | 2024-06-21 CALL at $110.0 | 0.0777 | 0.0198 | 1782 | 2024-06-21 | 0.15 - 0.25 | 0.25 | Out |
Call | 2024-06-21 CALL at $115.0 | 0.1189 | 0.0163 | 1698 | 2024-06-21 | 0.05 - 1.3 | 0.05 | Out |
Put | 2024-06-21 PUT at $80.0 | -0.0642 | 0.0088 | 2 | 2024-06-21 | 0.1 - 0.75 | 0.3 | Out |
Put | 2024-06-21 PUT at $85.0 | -0.0579 | 0.0119 | 91 | 2024-06-21 | 0.2 - 0.3 | 0.35 | Out |
Put | 2024-06-21 PUT at $90.0 | -0.1176 | 0.0248 | 912 | 2024-06-21 | 0.4 - 0.55 | 0.77 | Out |
Put | 2024-06-21 PUT at $95.0 | -0.2826 | 0.0481 | 303 | 2024-06-21 | 0.5 - 1.3 | 1.28 | Out |
Put | 2024-06-21 PUT at $100.0 | -0.579 | 0.0697 | 100 | 2024-06-21 | 2.6 - 3.3 | 4.3 | In |
Put | 2024-06-21 PUT at $105.0 | -0.8337 | 0.0407 | 56 | 2024-06-21 | 5.1 - 8.5 | 6.2 | In |
Put | 2024-06-21 PUT at $110.0 | -0.9494 | 0.016 | 22 | 2024-06-21 | 10.1 - 12.7 | 12.5 | In |
Put | 2024-06-21 PUT at $115.0 | -0.9475 | 0.0116 | 3 | 2024-06-21 | 15.1 - 17.8 | 8.2 | In |
Put | 2024-06-21 PUT at $120.0 | -0.9321 | 0.0105 | 0 | 2024-06-21 | 20.3 - 22.9 | 0.0 | In |
Put | 2024-06-21 PUT at $125.0 | -0.8312 | 0.0115 | 0 | 2024-06-21 | 24.3 - 28.0 | 0.0 | In |
Put | 2024-06-21 PUT at $130.0 | -0.9691 | 0.0049 | 0 | 2024-06-21 | 29.9 - 32.9 | 0.0 | In |
Put | 2024-06-21 PUT at $135.0 | -0.9785 | 0.0034 | 0 | 2024-06-21 | 35.0 - 37.7 | 0.0 | In |
Put | 2024-06-21 PUT at $140.0 | -0.8639 | 0.0078 | 0 | 2024-06-21 | 39.3 - 42.9 | 0.0 | In |
Put | 2024-06-21 PUT at $145.0 | -0.8699 | 0.0071 | 0 | 2024-06-21 | 44.3 - 47.9 | 0.0 | In |
Put | 2024-06-21 PUT at $150.0 | -0.9692 | 0.0033 | 0 | 2024-06-21 | 50.0 - 52.9 | 0.0 | In |
Put | 2024-06-21 PUT at $155.0 | -0.8793 | 0.006 | 0 | 2024-06-21 | 54.3 - 57.9 | 0.0 | In |
Put | 2024-06-21 PUT at $160.0 | -0.9714 | 0.0027 | 0 | 2024-06-21 | 60.0 - 62.9 | 0.0 | In |
Copa Holdings 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 |
| Timeline |
Copa Holdings 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 |
| Timeline |
Copa Total Stockholder Equity
Total Stockholder Equity |
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Copa Holdings Corporate Directors
| Jose Velez | Non-Executive Independent Director | Profile | |
| Andrew Levy | Independent Director | Profile | |
| Josh Connor | Non-Executive Independent Director | Profile | |
| Alvaro Heilbron | Director | Profile |
Additional Information and Resources on Investing in Copa Stock
When determining whether Copa Holdings SA offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Copa Holdings' 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 Copa Holdings Sa Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Copa Holdings Sa Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Copa Holdings SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Is Passenger Airlines space 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 Copa Holdings. If investors know Copa 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 Copa 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 0.363 | Dividend Share 4.07 | Earnings Share 13.9 | Revenue Per Share 85.269 | Quarterly Revenue Growth 0.03 |
The market value of Copa Holdings SA is measured differently than its book value, which is the value of Copa that is recorded on the company's balance sheet. Investors also form their own opinion of Copa Holdings' value that differs from its market value or its book value, called intrinsic value, which is Copa 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 Copa Holdings' market value can be influenced by many factors that don't directly affect Copa 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 Copa Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Copa Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Copa 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.