2024-05-17 PUT at $41.0 Option on Fifth Third Bancorp
| FITB Stock | USD 37.56 0.67 1.82% |
2024-05-17 PUT at $41.0 is a PUT option contract on Fifth Third's common stock with a strick price of 41.0 expiring on 2024-05-17. The contract was last traded on 2024-04-30 at 09:42:37 for $3.45 and, as of today, has 13 days remaining before the expiration. The option is currently trading at a bid price of $3.3, and an ask price of $3.5. The implied volatility as of the 4th of May is 25.08.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fifth Third Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Fifth |
A put option written on Fifth Third becomes more valuable as the price of Fifth Third drops. Conversely, Fifth Third's put option loses its value as Fifth Stock rises. When exercised, put options on Fifth Third produce a short position in Fifth Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Fifth Third's downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that Fifth Third Bancorp will have an average daily up or down price movement of about 1.57% per day over the life of the option. With Fifth Third trading at USD 37.56, that is roughly USD 0.59. If you think that the market is fully understating Fifth Third's daily price movement you should consider buying Fifth Third Bancorp options at that current volatility level of 25.08%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Put Option on Fifth Third
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 Fifth Third 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 Fifth 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 $41.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 13 |
| Last Traded On | 2024-04-30 09:42:37 |
| Contract Period | MONTHLY |
| Open Interest | 0 |
| Current Trading Volume | 1.0 |
| Strike Price | 41.0 |
| Last Traded At | 3.45 |
| Current Price Spread | 3.3 | 3.5 |
| Rule 16 Daily Up or Down | USD0.59 |
Fifth short PUT Option Greeks
Fifth Third's Option Greeks for the contract ending on 2024-05-17 at a strike price of 41.0 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 Fifth Third's option greeks, its implied volatility helps estimate the risk of Fifth Third stock implied by the prices of the options on Fifth Third's stock.
| Delta | -0.9723 | |
| Gamma | 0.037 | |
| Theta | -0.0034 | |
| Vega | 0.0043 | |
| Rho | -0.005 |
Fifth long PUT Option Payoff at expiration
Put options written on Fifth Third grant holders of the option the right to sell a specified amount of Fifth Third 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 Fifth Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Fifth Third is like buying insurance aginst Fifth Third's downside shift.
Profit |
| Fifth Third Price At Expiration |
Fifth short PUT Option Payoff at expiration
By selling Fifth Third's put option, the investors signal their bearish sentiment. A short position in a put option written on Fifth Third will generally make money when the underlying price is above the strike price. Therefore Fifth Third's put payoff at expiration depends on where the Fifth Stock price is relative to the put option strike price. The breakeven price of 37.55 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 Fifth Third's price. Finally, at the strike price of 41.0, the payoff chart is constant and positive.
Profit |
| Fifth Third Price At Expiration |
Fifth Third Bancorp Available Put Options
Fifth Third's option chain is a display of a range of information that helps investors for ways to trade options on Fifth. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Fifth. It also shows strike prices and maturity days for a Fifth Third 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 $32.0 | -0.0657 | 0.0308 | 552 | 2024-05-17 | 0.05 - 0.2 | 0.12 | Out |
Put | 2024-05-17 PUT at $34.0 | -0.0501 | 0.0443 | 3433 | 2024-05-17 | 0.0 - 0.15 | 0.05 | Out |
Put | 2024-05-17 PUT at $35.0 | -0.1091 | 0.084 | 1187 | 2024-05-17 | 0.1 - 0.15 | 0.12 | Out |
Put | 2024-05-17 PUT at $36.0 | -0.1931 | 0.1428 | 416 | 2024-05-17 | 0.2 - 0.25 | 0.21 | Out |
Put | 2024-05-17 PUT at $37.0 | -0.37 | 0.198 | 863 | 2024-05-17 | 0.35 - 0.5 | 0.5 | Out |
Put | 2024-05-17 PUT at $38.0 | -0.576 | 0.2038 | 430 | 2024-05-17 | 0.85 - 1.0 | 1.0 | In |
Put | 2024-05-17 PUT at $39.0 | -0.8151 | 0.1756 | 21 | 2024-05-17 | 1.5 - 1.65 | 2.31 | In |
Put | 2024-05-17 PUT at $40.0 | -0.8881 | 0.1009 | 39 | 2024-05-17 | 2.4 - 2.65 | 3.78 | In |
Put | 2024-05-17 PUT at $41.0 | -0.9723 | 0.037 | 0 | 2024-05-17 | 3.3 - 3.5 | 3.45 | In |
Put | 2024-05-17 PUT at $42.0 | -0.8675 | 0.0597 | 0 | 2024-05-17 | 3.0 - 6.3 | 0.0 | In |
Put | 2024-05-17 PUT at $43.0 | -0.7738 | 0.0495 | 0 | 2024-05-17 | 4.8 - 7.5 | 7.7 | In |
Put | 2024-05-17 PUT at $44.0 | -0.7881 | 0.0435 | 0 | 2024-05-17 | 5.8 - 8.5 | 8.1 | In |
Put | 2024-05-17 PUT at $45.0 | -0.9305 | 0.0304 | 0 | 2024-05-17 | 5.5 - 9.6 | 9.1 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Fifth Third 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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Fifth Third Corporate Directors
Fifth Third corporate directors refer to members of a Fifth Third board of directors. The board of directors generally takes responsibility for the Fifth Third's 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 Fifth Third's board members must vote for the resolution. The Fifth Third board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Jerry Burris | Director | Profile | |
| Nicholas Akins | Independent Director | Profile | |
| Michael McCallister | Independent Director | Profile | |
| Emerson Brumback | Independent Director | Profile |
Already Invested in Fifth Third Bancorp?
The danger of trading Fifth Third Bancorp 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 Fifth Third 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 Fifth Third. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Fifth Third Bancorp 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 Fifth Third Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fifth Third'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 Fifth Third Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fifth Third Bancorp Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fifth Third Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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When running Fifth Third's price analysis, check to measure Fifth Third'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 Fifth Third is operating at the current time. Most of Fifth Third's value examination focuses on studying past and present price action to predict the probability of Fifth Third's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fifth Third's price. Additionally, you may evaluate how the addition of Fifth Third to your portfolios can decrease your overall portfolio volatility.
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Is Fifth Third'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 Fifth Third. If investors know Fifth 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 Fifth Third 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 (0.10) | Dividend Share 1.38 | Earnings Share 3.14 | Revenue Per Share 11.899 | Quarterly Revenue Growth (0.02) |
The market value of Fifth Third Bancorp is measured differently than its book value, which is the value of Fifth that is recorded on the company's balance sheet. Investors also form their own opinion of Fifth Third's value that differs from its market value or its book value, called intrinsic value, which is Fifth Third'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 Fifth Third's market value can be influenced by many factors that don't directly affect Fifth Third'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 Fifth Third's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fifth Third is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fifth Third'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.