2024-05-17 PUT at $110.0 Option on Copa Holdings SA
| CPA Stock | USD 103.50 0.50 0.49% |
2024-05-17 PUT at $110.0 is a PUT option contract on Copa Holdings' common stock with a strick price of 110.0 expiring on 2024-05-17. The contract was last traded on 2024-04-04 at 13:43:21 for $6.7 and, as of today, has 6 days remaining before the expiration. The option is currently trading at a bid price of $6.0, and an ask price of $7.8. The implied volatility as of the 11th of May 2024 is 42.86.
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.
Copa |
A put option written on Copa Holdings becomes more valuable as the price of Copa Holdings drops. Conversely, Copa Holdings' put option loses its value as Copa Stock rises. When exercised, put options on Copa Holdings produce a short position in Copa Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Copa Holdings' downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that Copa Holdings SA will have an average daily up or down price movement of about 2.68% per day over the life of the option. With Copa Holdings trading at USD 103.5, that is roughly USD 2.77. If you think that the market is fully understating Copa Holdings' daily price movement you should consider buying Copa Holdings SA options at that current volatility level of 42.86%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Put Option on Copa 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 Copa 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 Copa 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 $110.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 6 |
| Last Traded On | 2024-04-04 13:43:21 |
| Contract Period | MONTHLY |
| Open Interest | 1 |
| Current Trading Volume | 0.0 |
| Strike Price | 110.0 |
| Last Traded At | 6.7 |
| Current Price Spread | 6.0 | 7.8 |
| Rule 16 Daily Up or Down | USD2.77 |
Copa short PUT Option Greeks
Copa Holdings' Option Greeks for the contract ending on 2024-05-17 at a strike price of 110.0 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 Copa Holdings' option greeks, its implied volatility helps estimate the risk of Copa Holdings stock implied by the prices of the options on Copa Holdings' stock.
| Delta | -0.8598 | |
| Gamma | 0.039 | |
| Theta | -0.1058 | |
| Vega | 0.0294 | |
| Rho | -0.0151 |
Copa long PUT Option Payoff at expiration
Put options written on Copa Holdings grant holders of the option the right to sell a specified amount of Copa 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 Copa Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Copa Holdings is like buying insurance aginst Copa Holdings' downside shift.
Profit |
| Copa Holdings Price At Expiration |
Copa short PUT Option Payoff at expiration
By selling Copa Holdings' put option, the investors signal their bearish sentiment. A short position in a put option written on Copa Holdings will generally make money when the underlying price is above the strike price. Therefore Copa Holdings' put payoff at expiration depends on where the Copa Stock price is relative to the put option strike price. The breakeven price of 103.1 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 Copa Holdings' price. Finally, at the strike price of 110.0, the payoff chart is constant and positive.
Profit |
| Copa Holdings Price At Expiration |
Copa Holdings SA Available Put Options
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 | |||
Put | 2024-05-17 PUT at $70.0 | -0.036 | 0.0033 | 44 | 2024-05-17 | 0.05 - 0.7 | 0.1 | Out |
Put | 2024-05-17 PUT at $75.0 | -0.0187 | 0.0027 | 119 | 2024-05-17 | 0.0 - 0.65 | 0.12 | Out |
Put | 2024-05-17 PUT at $85.0 | -0.0922 | 0.0101 | 213 | 2024-05-17 | 0.15 - 1.35 | 0.2 | Out |
Put | 2024-05-17 PUT at $90.0 | -0.0854 | 0.0142 | 399 | 2024-05-17 | 0.35 - 0.6 | 0.45 | Out |
Put | 2024-05-17 PUT at $95.0 | -0.1638 | 0.026 | 141 | 2024-05-17 | 0.8 - 1.15 | 0.86 | Out |
Put | 2024-05-17 PUT at $100.0 | -0.3359 | 0.0388 | 297 | 2024-05-17 | 1.75 - 2.65 | 2.2 | Out |
Put | 2024-05-17 PUT at $105.0 | -0.5456 | 0.0424 | 29 | 2024-05-17 | 4.0 - 5.1 | 4.62 | In |
Put | 2024-05-17 PUT at $110.0 | -0.8598 | 0.039 | 1 | 2024-05-17 | 6.0 - 7.8 | 6.7 | In |
Put | 2024-05-17 PUT at $115.0 | -0.8104 | 0.0232 | 0 | 2024-05-17 | 11.6 - 13.7 | 0.0 | In |
Put | 2024-05-17 PUT at $120.0 | -0.9292 | 0.0134 | 0 | 2024-05-17 | 16.2 - 17.4 | 0.0 | In |
Put | 2024-05-17 PUT at $125.0 | -0.9622 | 0.0076 | 0 | 2024-05-17 | 20.9 - 22.4 | 0.0 | In |
Put | 2024-05-17 PUT at $130.0 | -0.831 | 0.0114 | 0 | 2024-05-17 | 24.6 - 28.3 | 0.0 | In |
Put | 2024-05-17 PUT at $135.0 | -0.9123 | 0.0084 | 0 | 2024-05-17 | 30.8 - 33.6 | 0.0 | In |
Put | 2024-05-17 PUT at $145.0 | -0.9802 | 0.0029 | 0 | 2024-05-17 | 39.6 - 43.6 | 0.0 | In |
Put | 2024-05-17 PUT at $150.0 | -0.9382 | 0.0052 | 0 | 2024-05-17 | 45.5 - 48.6 | 0.0 | In |
Put | 2024-05-17 PUT at $155.0 | -0.9821 | 0.0023 | 0 | 2024-05-17 | 49.6 - 53.6 | 0.0 | In |
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Copa Holdings Corporate Directors
Copa Holdings corporate directors refer to members of a Copa Holdings board of directors. The board of directors generally takes responsibility for the Copa 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 Copa Holdings' board members must vote for the resolution. The Copa Holdings board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Jose Velez | Non-Executive Independent Director | Profile | |
| Andrew Levy | Independent Director | Profile | |
| Josh Connor | Non-Executive Independent Director | Profile | |
| Alvaro Heilbron | Director | Profile |
Already Invested in Copa Holdings SA?
The danger of trading Copa Holdings SA 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 Copa 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 Copa Holdings. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Copa Holdings SA 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 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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Copa Stock analysis
When running Copa Holdings' price analysis, check to measure Copa 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 Copa Holdings is operating at the current time. Most of Copa Holdings' value examination focuses on studying past and present price action to predict the probability of Copa Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Copa Holdings' price. Additionally, you may evaluate how the addition of Copa Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Copa 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 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 1.039 | Dividend Share 3.28 | Earnings Share 12.78 | Revenue Per Share 86.095 | 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.