2024-06-21 CALL at $650.0 Option on Cintas
| CTAS Stock | USD 677.97 8.74 1.31% |
2024-06-21 CALL at $650.0 is a CALL option contract on Cintas' common stock with a strick price of 650.0 expiring on 2024-06-21. The contract was last traded on 2024-05-28 at 12:25:00 for $24.88 and, as of today, has 18 days remaining before the expiration. The option is currently trading at a bid price of $28.5, and an ask price of $35.4. The implied volatility as of the 3rd of June is 18.83.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cintas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Cintas Stock please use our How to Invest in Cintas guide.
Cintas |
Call options on Cintas give the investor right to buy Cintas Stock at a specified price within a specific period. The strike price represents the predetermined price at which a call buyer can buy Cintas Stock. Call options may be purchased for speculation or sold for income purposes, or simply combined for various spread or combination strategies. If Cintas' price is above the strike price at expiry, the profit is the current Cintas' stock price, minus the strike price and the premium.
Rule 16 of 2024-06-21 Option Contract
The options market is anticipating that Cintas will have an average daily up or down price movement of about 1.18% per day over the life of the option. With Cintas trading at USD 677.97, that is roughly USD 7.98. If you think that the market is fully understating Cintas' daily price movement you should consider buying Cintas options at that current volatility level of 18.83%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Call Option on Cintas
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 Cintas 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 Cintas Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
| Call Contract Name | 2024-06-21 CALL at $650.0 |
| Expires On | 2024-06-21 |
| Days Before Expriration | 18 |
| Last Traded On | 2024-05-28 12:25:00 |
| Contract Period | MONTHLY |
| Open Interest | 6 |
| Current Trading Volume | 0.0 |
| Strike Price | 650.0 |
| Last Traded At | 24.88 |
| Current Price Spread | 28.5 | 35.4 |
| Rule 16 Daily Up or Down | USD7.98 |
Cintas short CALL Option Greeks
Cintas' Option Greeks for the contract ending on 2024-06-21 at a strike price of 650.0 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 Cintas' option greeks, its implied volatility helps estimate the risk of Cintas stock implied by the prices of the options on Cintas' stock.
| Delta | 0.8491 | |
| Gamma | 0.0078 | |
| Theta | -0.2415 | |
| Vega | 0.3708 | |
| Rho | 0.2979 |
Cintas long CALL Option Payoff at expiration
Buying Cintas' call option is the simplest of option trades. A call option on Cintas Stock gives investors the right (but not the obligation) to purchase Cintas at the given strike price. Therefore Cintas' call intrinsic value or payoff at expiration depends on where the Cintas Stock price is relative to the call option strike price. The strike price of 650.0 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 Cintas' price. Finally, at the break-even point of 681.95, the line crosses zero, and trading Cintas becomes profitable.
Profit |
| Cintas Price At Expiration |
Cintas short CALL Option Payoff at expiration
By selling Cintas' call option, the investors signals his or her bearish sentiment. A short position in a call option written on Cintas will generally make money when the underlying price goes down. Therefore Cintas' call intrinsic value or payoff at expiration depends on where the Cintas Stock price is relative to the call option strike price. The strike price of 650.0 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 Cintas' price. Finally, at the break-even point of 681.95, the line crosses zero, and trading Cintas becomes disadvantageous with no downside limits.
Profit |
| Cintas Price At Expiration |
Cintas Available Call Options
Cintas' option chain is a display of a range of information that helps investors for ways to trade options on Cintas. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Cintas. It also shows strike prices and maturity days for a Cintas 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 $240.0 | 0.9937 | 1.0E-4 | 0 | 2024-06-21 | 434.1 - 444.0 | 0.0 | In |
Call | 2024-06-21 CALL at $250.0 | 0.994 | 1.0E-4 | 0 | 2024-06-21 | 424.0 - 434.0 | 0.0 | In |
Call | 2024-06-21 CALL at $260.0 | 0.997 | 0.0 | 0 | 2024-06-21 | 414.0 - 423.3 | 0.0 | In |
Call | 2024-06-21 CALL at $270.0 | 0.994 | 1.0E-4 | 0 | 2024-06-21 | 404.0 - 414.0 | 0.0 | In |
Call | 2024-06-21 CALL at $280.0 | 0.994 | 1.0E-4 | 0 | 2024-06-21 | 394.0 - 404.0 | 0.0 | In |
Call | 2024-06-21 CALL at $290.0 | 0.9941 | 1.0E-4 | 0 | 2024-06-21 | 384.0 - 394.0 | 0.0 | In |
Call | 2024-06-21 CALL at $300.0 | 0.9941 | 1.0E-4 | 0 | 2024-06-21 | 374.0 - 384.0 | 0.0 | In |
Call | 2024-06-21 CALL at $310.0 | 0.9958 | 1.0E-4 | 0 | 2024-06-21 | 364.0 - 373.7 | 0.0 | In |
Call | 2024-06-21 CALL at $320.0 | 0.9979 | 0.0 | 0 | 2024-06-21 | 354.0 - 363.4 | 0.0 | In |
Call | 2024-06-21 CALL at $330.0 | 0.9976 | 0.0 | 0 | 2024-06-21 | 344.0 - 353.5 | 0.0 | In |
Call | 2024-06-21 CALL at $340.0 | 0.9946 | 1.0E-4 | 1 | 2024-06-21 | 334.0 - 344.0 | 278.7 | In |
Call | 2024-06-21 CALL at $350.0 | 0.9968 | 1.0E-4 | 0 | 2024-06-21 | 324.0 - 333.7 | 0.0 | In |
Call | 2024-06-21 CALL at $360.0 | 0.998 | 0.0 | 1 | 2024-06-21 | 314.0 - 323.6 | 258.62 | In |
Call | 2024-06-21 CALL at $370.0 | 0.9951 | 1.0E-4 | 0 | 2024-06-21 | 304.0 - 314.0 | 0.0 | In |
Call | 2024-06-21 CALL at $380.0 | 0.9954 | 1.0E-4 | 0 | 2024-06-21 | 294.0 - 304.0 | 0.0 | In |
Call | 2024-06-21 CALL at $390.0 | 0.9957 | 1.0E-4 | 0 | 2024-06-21 | 284.0 - 294.0 | 0.0 | In |
Call | 2024-06-21 CALL at $400.0 | 0.9961 | 1.0E-4 | 2 | 2024-06-21 | 274.0 - 284.0 | 140.1 | In |
Call | 2024-06-21 CALL at $410.0 | 0.9965 | 1.0E-4 | 0 | 2024-06-21 | 264.0 - 274.0 | 0.0 | In |
Call | 2024-06-21 CALL at $420.0 | 0.9969 | 1.0E-4 | 10 | 2024-06-21 | 254.0 - 264.0 | 0.0 | In |
Call | 2024-06-21 CALL at $430.0 | 0.9925 | 1.0E-4 | 1 | 2024-06-21 | 244.5 - 254.0 | 89.5 | In |
Call | 2024-06-21 CALL at $440.0 | 0.9969 | 1.0E-4 | 2 | 2024-06-21 | 234.1 - 244.0 | 133.3 | In |
Call | 2024-06-21 CALL at $450.0 | 0.9962 | 1.0E-4 | 13 | 2024-06-21 | 224.2 - 234.0 | 116.6 | In |
Call | 2024-06-21 CALL at $460.0 | 0.9968 | 1.0E-4 | 19 | 2024-06-21 | 214.2 - 224.0 | 124.67 | In |
Call | 2024-06-21 CALL at $470.0 | 0.9925 | 2.0E-4 | 1 | 2024-06-21 | 204.6 - 214.0 | 66.8 | In |
Call | 2024-06-21 CALL at $480.0 | 0.9985 | 0.0 | 1 | 2024-06-21 | 194.2 - 204.0 | 94.83 | In |
Call | 2024-06-21 CALL at $490.0 | 0.9886 | 3.0E-4 | 0 | 2024-06-21 | 185.0 - 194.0 | 87.75 | In |
Call | 2024-06-21 CALL at $500.0 | 0.9886 | 3.0E-4 | 9 | 2024-06-21 | 175.0 - 184.0 | 135.54 | In |
Call | 2024-06-21 CALL at $510.0 | 0.982 | 5.0E-4 | 5 | 2024-06-21 | 165.0 - 174.6 | 186.85 | In |
Call | 2024-06-21 CALL at $520.0 | 0.9805 | 5.0E-4 | 13 | 2024-06-21 | 155.0 - 164.7 | 166.95 | In |
Call | 2024-06-21 CALL at $530.0 | 0.9836 | 5.0E-4 | 40 | 2024-06-21 | 145.0 - 154.4 | 90.95 | In |
Call | 2024-06-21 CALL at $540.0 | 0.982 | 6.0E-4 | 53 | 2024-06-21 | 135.0 - 144.5 | 141.99 | In |
Call | 2024-06-21 CALL at $550.0 | 0.9751 | 8.0E-4 | 21 | 2024-06-21 | 125.0 - 135.0 | 136.0 | In |
Call | 2024-06-21 CALL at $560.0 | 0.9741 | 9.0E-4 | 9 | 2024-06-21 | 115.0 - 125.0 | 135.72 | In |
Call | 2024-06-21 CALL at $570.0 | 0.9825 | 7.0E-4 | 20 | 2024-06-21 | 105.0 - 114.4 | 126.93 | In |
Call | 2024-06-21 CALL at $580.0 | 0.9733 | 0.0011 | 19 | 2024-06-21 | 95.1 - 104.8 | 47.25 | In |
Call | 2024-06-21 CALL at $590.0 | 0.972 | 0.0012 | 11 | 2024-06-21 | 85.2 - 94.7 | 84.83 | In |
Call | 2024-06-21 CALL at $600.0 | 0.956 | 0.0018 | 33 | 2024-06-21 | 75.7 - 85.0 | 71.0 | In |
Call | 2024-06-21 CALL at $610.0 | 0.9561 | 0.0021 | 0 | 2024-06-21 | 65.5 - 75.0 | 0.0 | In |
Call | 2024-06-21 CALL at $620.0 | 0.942 | 0.0029 | 101 | 2024-06-21 | 56.0 - 65.0 | 51.92 | In |
Call | 2024-06-21 CALL at $630.0 | 0.9109 | 0.0041 | 0 | 2024-06-21 | 46.4 - 55.9 | 0.0 | In |
Call | 2024-06-21 CALL at $640.0 | 0.8823 | 0.0056 | 514 | 2024-06-21 | 37.2 - 46.0 | 27.7 | In |
Call | 2024-06-21 CALL at $650.0 | 0.8491 | 0.0078 | 6 | 2024-06-21 | 28.5 - 35.4 | 24.88 | In |
Call | 2024-06-21 CALL at $660.0 | 0.763 | 0.0108 | 79 | 2024-06-21 | 21.1 - 26.2 | 17.0 | In |
Call | 2024-06-21 CALL at $670.0 | 0.6473 | 0.0137 | 60 | 2024-06-21 | 15.8 - 16.6 | 9.6 | In |
Call | 2024-06-21 CALL at $680.0 | 0.5019 | 0.0156 | 437 | 2024-06-21 | 9.6 - 10.4 | 7.6 | Out |
Call | 2024-06-21 CALL at $690.0 | 0.3438 | 0.0151 | 195 | 2024-06-21 | 5.3 - 6.1 | 5.5 | Out |
Call | 2024-06-21 CALL at $700.0 | 0.2156 | 0.0118 | 196 | 2024-06-21 | 2.4 - 4.3 | 3.0 | Out |
Call | 2024-06-21 CALL at $710.0 | 0.1128 | 0.0079 | 102 | 2024-06-21 | 0.95 - 2.6 | 1.3 | Out |
Call | 2024-06-21 CALL at $720.0 | 0.073 | 0.0052 | 80 | 2024-06-21 | 0.65 - 1.05 | 0.7 | Out |
Call | 2024-06-21 CALL at $730.0 | 0.0861 | 0.0045 | 38 | 2024-06-21 | 0.1 - 2.6 | 0.83 | Out |
Call | 2024-06-21 CALL at $740.0 | 0.0567 | 0.0032 | 129 | 2024-06-21 | 0.1 - 1.6 | 0.4 | Out |
Call | 2024-06-21 CALL at $840.0 | 0.0127 | 5.0E-4 | 312 | 2024-06-21 | 0.15 - 0.5 | 0.27 | Out |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cintas 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 Balance Of Power Now
Balance Of PowerCheck stock momentum by analyzing Balance Of Power indicator and other technical ratios |
| All Next | Launch Module |
Cintas Corporate Executives
Elected by the shareholders, the Cintas' board of directors comprises two types of representatives: Cintas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cintas. The board's role is to monitor Cintas' management team and ensure that shareholders' interests are well served. Cintas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cintas' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Hansen | CFO and VP of Fin. | Profile | |
| James Rozakis | Executive COO | Profile |
Already Invested in Cintas?
The danger of trading Cintas 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 Cintas 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 Cintas. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cintas 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 Cintas is a strong investment it is important to analyze Cintas' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cintas' future performance. For an informed investment choice regarding Cintas Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cintas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Cintas Stock please use our How to Invest in Cintas guide.Note that the Cintas information on this page should be used as a complementary analysis to other Cintas' 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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Cintas Stock analysis
When running Cintas' price analysis, check to measure Cintas' 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 Cintas is operating at the current time. Most of Cintas' value examination focuses on studying past and present price action to predict the probability of Cintas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cintas' price. Additionally, you may evaluate how the addition of Cintas to your portfolios can decrease your overall portfolio volatility.
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |
Is Cintas' 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 Cintas. If investors know Cintas 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 Cintas 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 0.223 | Dividend Share 5.2 | Earnings Share 14.51 | Revenue Per Share 92.516 | Quarterly Revenue Growth 0.099 |
The market value of Cintas is measured differently than its book value, which is the value of Cintas that is recorded on the company's balance sheet. Investors also form their own opinion of Cintas' value that differs from its market value or its book value, called intrinsic value, which is Cintas' 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 Cintas' market value can be influenced by many factors that don't directly affect Cintas' 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 Cintas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cintas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cintas' 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.