2024-06-21 CALL at $230.0 Option on iShares Russell 2000
| IWO Etf | USD 263.62 0.88 0.33% |
2024-06-21 CALL at $230.0 is a CALL option contract on IShares Russell's common stock with a strick price of 230.0 expiring on 2024-06-21. The contract was not traded in recent days and, as of today, has 20 days remaining before the expiration. The option is currently trading at a bid price of $28.5, and an ask price of $40.1. The implied volatility as of the 1st of June is 28.47.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Russell 2000. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in housing.
IShares |
Call options on IShares Russell give the investor right to buy IShares Etf at a specified price within a specific period. The strike price represents the predetermined price at which a call buyer can buy IShares Etf. Call options may be purchased for speculation or sold for income purposes, or simply combined for various spread or combination strategies. If IShares Russell's price is above the strike price at expiry, the profit is the current IShares Russell's stock price, minus the strike price and the premium.
Rule 16 of 2024-06-21 Option Contract
The options market is anticipating that iShares Russell 2000 will have an average daily up or down price movement of about 1.78% per day over the life of the option. With IShares Russell trading at USD 263.62, that is roughly USD 4.69. If you think that the market is fully understating IShares Russell's daily price movement you should consider buying iShares Russell 2000 options at that current volatility level of 28.47%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Call Option on IShares Russell
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 IShares Russell 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 IShares Etf 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 $230.0 |
| Expires On | 2024-06-21 |
| Days Before Expriration | 20 |
| Last Traded On | 0000-00-00 00:00:00 |
| Contract Period | MONTHLY |
| Open Interest | 0 |
| Current Trading Volume | 0.0 |
| Strike Price | 230.0 |
| Last Traded At | 0.0 |
| Current Price Spread | 28.5 | 40.1 |
| Rule 16 Daily Up or Down | USD4.69 |
IShares short CALL Option Greeks
IShares Russell's Option Greeks for the contract ending on 2024-06-21 at a strike price of 230.0 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 IShares Russell's option greeks, its implied volatility helps estimate the risk of IShares Russell stock implied by the prices of the options on IShares Russell's stock.
| Delta | 0.9825 | |
| Gamma | 0.0024 | |
| Theta | -0.0464 | |
| Vega | 0.0261 | |
| Rho | 0.1231 |
IShares long CALL Option Payoff at expiration
Buying IShares Russell's call option is the simplest of option trades. A call option on IShares Etf gives investors the right (but not the obligation) to purchase IShares Russell at the given strike price. Therefore IShares Russell's call intrinsic value or payoff at expiration depends on where the IShares Etf price is relative to the call option strike price. The strike price of 230.0 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 IShares Russell's price. Finally, at the break-even point of 264.3, the line crosses zero, and trading IShares becomes profitable.
Profit |
| IShares Russell Price At Expiration |
IShares short CALL Option Payoff at expiration
By selling IShares Russell's call option, the investors signals his or her bearish sentiment. A short position in a call option written on IShares Russell will generally make money when the underlying price goes down. Therefore IShares Russell's call intrinsic value or payoff at expiration depends on where the IShares Etf price is relative to the call option strike price. The strike price of 230.0 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 IShares Russell's price. Finally, at the break-even point of 264.3, the line crosses zero, and trading IShares becomes disadvantageous with no downside limits.
Profit |
| IShares Russell Price At Expiration |
iShares Russell 2000 Available Call Options
IShares Russell's option chain is a display of a range of information that helps investors for ways to trade options on IShares. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for IShares. It also shows strike prices and maturity days for a IShares Russell 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 $155.0 | 0.9597 | 0.001 | 0 | 2024-06-21 | 102.8 - 118.4 | 0.0 | In |
Call | 2024-06-21 CALL at $160.0 | 0.9121 | 0.0014 | 0 | 2024-06-21 | 98.1 - 109.7 | 0.0 | In |
Call | 2024-06-21 CALL at $165.0 | 0.9079 | 0.0015 | 0 | 2024-06-21 | 93.1 - 104.7 | 0.0 | In |
Call | 2024-06-21 CALL at $170.0 | 0.9035 | 0.0016 | 0 | 2024-06-21 | 88.1 - 99.7 | 0.0 | In |
Call | 2024-06-21 CALL at $175.0 | 0.8987 | 0.0018 | 0 | 2024-06-21 | 83.1 - 94.7 | 0.0 | In |
Call | 2024-06-21 CALL at $185.0 | 0.8872 | 0.0021 | 0 | 2024-06-21 | 73.2 - 84.8 | 0.0 | In |
Call | 2024-06-21 CALL at $190.0 | 0.8813 | 0.0023 | 0 | 2024-06-21 | 68.2 - 79.8 | 0.0 | In |
Call | 2024-06-21 CALL at $195.0 | 0.8748 | 0.0026 | 0 | 2024-06-21 | 63.2 - 74.8 | 0.0 | In |
Call | 2024-06-21 CALL at $196.0 | 0.8735 | 0.0026 | 0 | 2024-06-21 | 62.2 - 73.8 | 0.0 | In |
Call | 2024-06-21 CALL at $198.0 | 0.999 | 1.0E-4 | 0 | 2024-06-21 | 60.3 - 71.9 | 0.0 | In |
Call | 2024-06-21 CALL at $199.0 | 0.8798 | 0.0028 | 0 | 2024-06-21 | 58.5 - 69.9 | 0.0 | In |
Call | 2024-06-21 CALL at $200.0 | 0.8667 | 0.0028 | 8 | 2024-06-21 | 58.3 - 69.9 | 67.4 | In |
Call | 2024-06-21 CALL at $205.0 | 0.8589 | 0.0031 | 0 | 2024-06-21 | 53.3 - 64.9 | 0.0 | In |
Call | 2024-06-21 CALL at $210.0 | 0.8503 | 0.0035 | 0 | 2024-06-21 | 48.3 - 59.9 | 0.0 | In |
Call | 2024-06-21 CALL at $215.0 | 0.9763 | 0.002 | 0 | 2024-06-21 | 43.7 - 55.1 | 0.0 | In |
Call | 2024-06-21 CALL at $220.0 | 0.9935 | 9.0E-4 | 0 | 2024-06-21 | 38.4 - 50.0 | 0.0 | In |
Call | 2024-06-21 CALL at $225.0 | 0.9949 | 8.0E-4 | 0 | 2024-06-21 | 33.4 - 45.0 | 0.0 | In |
Call | 2024-06-21 CALL at $230.0 | 0.9825 | 0.0024 | 0 | 2024-06-21 | 28.5 - 40.1 | 0.0 | In |
Call | 2024-06-21 CALL at $235.0 | 0.7976 | 0.0069 | 0 | 2024-06-21 | 22.8 - 34.2 | 0.0 | In |
Call | 2024-06-21 CALL at $240.0 | 0.9554 | 0.0062 | 0 | 2024-06-21 | 18.7 - 30.3 | 18.37 | In |
Call | 2024-06-21 CALL at $245.0 | 0.917 | 0.0104 | 0 | 2024-06-21 | 14.0 - 25.6 | 0.0 | In |
Call | 2024-06-21 CALL at $250.0 | 0.8644 | 0.016 | 0 | 2024-06-21 | 9.4 - 21.0 | 0.0 | In |
Call | 2024-06-21 CALL at $255.0 | 0.7792 | 0.0235 | 1 | 2024-06-21 | 5.1 - 16.7 | 9.4 | In |
Call | 2024-06-21 CALL at $260.0 | 0.6469 | 0.0305 | 5 | 2024-06-21 | 5.4 - 9.1 | 7.83 | In |
Call | 2024-06-21 CALL at $265.0 | 0.4856 | 0.033 | 31 | 2024-06-21 | 2.95 - 6.0 | 4.5 | Out |
Call | 2024-06-21 CALL at $270.0 | 0.2895 | 0.0348 | 56 | 2024-06-21 | 1.5 - 3.7 | 1.75 | Out |
Call | 2024-06-21 CALL at $275.0 | 0.1866 | 0.0234 | 26 | 2024-06-21 | 0.0 - 4.1 | 1.15 | Out |
Call | 2024-06-21 CALL at $280.0 | 0.0979 | 0.0149 | 37 | 2024-06-21 | 0.1 - 0.95 | 0.55 | Out |
Call | 2024-06-21 CALL at $285.0 | 0.1326 | 0.0124 | 29 | 2024-06-21 | 0.1 - 2.15 | 0.4 | Out |
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Already Invested in iShares Russell 2000?
The danger of trading iShares Russell 2000 is mainly related to its market volatility and ETF 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 IShares Russell 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 IShares Russell. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile iShares Russell 2000 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 iShares Russell 2000 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IShares Russell'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 Ishares Russell 2000 Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares Russell 2000 Etf: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Russell 2000. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in housing. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
The market value of iShares Russell 2000 is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares Russell's value that differs from its market value or its book value, called intrinsic value, which is IShares Russell'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 IShares Russell's market value can be influenced by many factors that don't directly affect IShares Russell'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 IShares Russell's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Russell is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Russell'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.