2024-06-21 PUT at $8.0 Option on Hecla Mining
| HL Stock | USD 5.89 0.04 0.68% |
2024-06-21 PUT at $8.0 is a PUT option contract on Hecla Mining's common stock with a strick price of 8.0 expiring on 2024-06-21. The contract was last traded on 2024-04-29 at 10:27:04 for $2.97 and, as of today, has 18 days remaining before the expiration. The option is currently trading at a bid price of $1.88, and an ask price of $2.86. The implied volatility as of the 3rd of June is 155.09.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hecla Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Hecla Stock please use our How to buy in Hecla Stock guide.
Hecla |
A put option written on Hecla Mining becomes more valuable as the price of Hecla Mining drops. Conversely, Hecla Mining's put option loses its value as Hecla Stock rises. When exercised, put options on Hecla Mining produce a short position in Hecla Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Hecla Mining's downside price movement.
Rule 16 of 2024-06-21 Option Contract
The options market is anticipating that Hecla Mining will have an average daily up or down price movement of about 9.69% per day over the life of the option. With Hecla Mining trading at USD 5.89, that is roughly USD 0.57. If you think that the market is fully understating Hecla Mining's daily price movement you should consider buying Hecla Mining options at that current volatility level of 155.09%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Put Option on Hecla Mining
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 Hecla Mining 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 Hecla 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 | 2024-06-21 PUT at $8.0 |
| Expires On | 2024-06-21 |
| Days Before Expriration | 18 |
| Last Traded On | 2024-04-29 10:27:04 |
| Contract Period | MONTHLY |
| Open Interest | 6 |
| Current Trading Volume | 0.0 |
| Strike Price | 8.0 |
| Last Traded At | 2.97 |
| Current Price Spread | 1.88 | 2.86 |
| Rule 16 Daily Up or Down | USD0.57 |
Hecla short PUT Option Greeks
Hecla Mining's Option Greeks for the contract ending on 2024-06-21 at a strike price of 8.0 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 Hecla Mining's option greeks, its implied volatility helps estimate the risk of Hecla Mining stock implied by the prices of the options on Hecla Mining's stock.
| Delta | -0.7455 | |
| Gamma | 0.1509 | |
| Theta | -0.0164 | |
| Vega | 0.0044 | |
| Rho | -0.0028 |
Hecla long PUT Option Payoff at expiration
Put options written on Hecla Mining grant holders of the option the right to sell a specified amount of Hecla Mining 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 Hecla Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Hecla Mining is like buying insurance aginst Hecla Mining's downside shift.
Profit |
| Hecla Mining Price At Expiration |
Hecla short PUT Option Payoff at expiration
By selling Hecla Mining's put option, the investors signal their bearish sentiment. A short position in a put option written on Hecla Mining will generally make money when the underlying price is above the strike price. Therefore Hecla Mining's put payoff at expiration depends on where the Hecla Stock price is relative to the put option strike price. The breakeven price of 5.63 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 Hecla Mining's price. Finally, at the strike price of 8.0, the payoff chart is constant and positive.
Profit |
| Hecla Mining Price At Expiration |
Hecla Mining Available Put Options
Hecla Mining's option chain is a display of a range of information that helps investors for ways to trade options on Hecla. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Hecla. It also shows strike prices and maturity days for a Hecla Mining 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 | 2024-06-07 PUT at $5.5 | -0.1662 | 0.5703 | 163 | 2024-06-07 | 0.03 - 0.05 | 0.04 | Out |
Put | 2024-06-07 PUT at $6.0 | -0.5984 | 1.0327 | 212 | 2024-06-07 | 0.21 - 0.25 | 0.21 | In |
Put | 2024-06-07 PUT at $6.5 | -0.8778 | 0.4244 | 14 | 2024-06-07 | 0.61 - 0.66 | 0.75 | In |
Put | 2024-06-07 PUT at $7.0 | -0.541 | 0.1368 | 0 | 2024-06-07 | 0.21 - 1.88 | 0.0 | In |
Put | 2024-06-07 PUT at $7.5 | -0.7191 | 0.1764 | 0 | 2024-06-07 | 0.93 - 2.85 | 0.0 | In |
Put | 2024-06-07 PUT at $8.0 | -0.5587 | 0.1034 | 0 | 2024-06-07 | 1.85 - 4.15 | 0.0 | In |
Put | 2024-06-07 PUT at $8.5 | -0.5784 | 0.0976 | 0 | 2024-06-07 | 2.3 - 4.65 | 0.0 | In |
Put | 2024-06-07 PUT at $9.0 | -0.5891 | 0.0915 | 0 | 2024-06-07 | 2.76 - 5.2 | 0.0 | In |
Put | 2024-06-07 PUT at $9.5 | -0.6299 | 0.0916 | 0 | 2024-06-07 | 3.3 - 5.4 | 0.0 | In |
Put | 2024-06-07 PUT at $10.0 | -0.6386 | 0.0868 | 0 | 2024-06-07 | 3.8 - 5.9 | 0.0 | In |
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Hecla Mining Corporate Directors
Hecla Mining corporate directors refer to members of a Hecla Mining board of directors. The board of directors generally takes responsibility for the Hecla Mining'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 Hecla Mining's board members must vote for the resolution. The Hecla Mining board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Stephen Ralbovsky | Independent Director | Profile | |
| George Johnson | Independent Director | Profile | |
| Catherine Boggs | Independent Director | Profile | |
| Charles Stanley | Independent Director | Profile |
Already Invested in Hecla Mining?
The danger of trading Hecla Mining 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 Hecla Mining 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 Hecla Mining. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hecla Mining 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 Hecla Mining is a strong investment it is important to analyze Hecla Mining's 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 Hecla Mining's future performance. For an informed investment choice regarding Hecla Stock, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hecla Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Hecla Stock please use our How to buy in Hecla Stock guide.You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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Is Hecla Mining'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 Hecla Mining. If investors know Hecla 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 Hecla Mining 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 (0.81) | Dividend Share 0.025 | Earnings Share (0.14) | Revenue Per Share 1.165 | Quarterly Revenue Growth (0.05) |
The market value of Hecla Mining is measured differently than its book value, which is the value of Hecla that is recorded on the company's balance sheet. Investors also form their own opinion of Hecla Mining's value that differs from its market value or its book value, called intrinsic value, which is Hecla Mining'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 Hecla Mining's market value can be influenced by many factors that don't directly affect Hecla Mining'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 Hecla Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hecla Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hecla Mining'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.