2024-05-17 CALL at $22.5 Option on Quanex Building Products
| NX Stock | USD 34.66 0.03 0.09% |
2024-05-17 CALL at $22.5 is a CALL option contract on Quanex Building's common stock with a strick price of 22.5 expiring on 2024-05-17. The contract was not traded in recent days and, as of today, has 9 days remaining before the expiration. The option is currently trading at a bid price of $11.0, and an ask price of $15.0. The implied volatility as of the 8th of May is 198.28.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Quanex Building Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
Quanex |
Call options on Quanex Building give the investor right to buy Quanex Stock at a specified price within a specific period. The strike price represents the predetermined price at which a call buyer can buy Quanex Stock. Call options may be purchased for speculation or sold for income purposes, or simply combined for various spread or combination strategies. If Quanex Building's price is above the strike price at expiry, the profit is the current Quanex Building's stock price, minus the strike price and the premium.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that Quanex Building Products will have an average daily up or down price movement of about 12.39% per day over the life of the option. With Quanex Building trading at USD 34.66, that is roughly USD 4.3. If you think that the market is fully understating Quanex Building's daily price movement you should consider buying Quanex Building Products options at that current volatility level of 198.28%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Call Option on Quanex Building
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 Quanex Building 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 Quanex 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 | 2024-05-17 CALL at $22.5 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 9 |
| Last Traded On | 0000-00-00 00:00:00 |
| Contract Period | MONTHLY |
| Open Interest | 0 |
| Current Trading Volume | 0.0 |
| Strike Price | 22.5 |
| Last Traded At | 0.0 |
| Current Price Spread | 11.0 | 15.0 |
| Rule 16 Daily Up or Down | USD4.3 |
Quanex short CALL Option Greeks
Quanex Building's Option Greeks for the contract ending on 2024-05-17 at a strike price of 22.5 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 Quanex Building's option greeks, its implied volatility helps estimate the risk of Quanex Building stock implied by the prices of the options on Quanex Building's stock.
| Delta | 0.936 | |
| Gamma | 0.0108 | |
| Theta | -0.0741 | |
| Vega | 0.0073 | |
| Rho | 0.0054 |
Quanex long CALL Option Payoff at expiration
Buying Quanex Building's call option is the simplest of option trades. A call option on Quanex Stock gives investors the right (but not the obligation) to purchase Quanex Building at the given strike price. Therefore Quanex Building's call intrinsic value or payoff at expiration depends on where the Quanex Stock price is relative to the call option strike price. The strike price of 22.5 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 Quanex Building's price. Finally, at the break-even point of 35.5, the line crosses zero, and trading Quanex becomes profitable.
Profit |
| Quanex Building Price At Expiration |
Quanex short CALL Option Payoff at expiration
By selling Quanex Building's call option, the investors signals his or her bearish sentiment. A short position in a call option written on Quanex Building will generally make money when the underlying price goes down. Therefore Quanex Building's call intrinsic value or payoff at expiration depends on where the Quanex Stock price is relative to the call option strike price. The strike price of 22.5 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 Quanex Building's price. Finally, at the break-even point of 35.5, the line crosses zero, and trading Quanex becomes disadvantageous with no downside limits.
Profit |
| Quanex Building Price At Expiration |
Quanex Building Products Available Call Options
Quanex Building's option chain is a display of a range of information that helps investors for ways to trade options on Quanex. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Quanex. It also shows strike prices and maturity days for a Quanex Building 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 | 2024-05-17 CALL at $17.5 | 0.9515 | 0.0058 | 0 | 2024-05-17 | 16.1 - 20.0 | 0.0 | In |
Call | 2024-05-17 CALL at $20.0 | 0.9222 | 0.0087 | 0 | 2024-05-17 | 14.2 - 17.5 | 0.0 | In |
Call | 2024-05-17 CALL at $22.5 | 0.936 | 0.0108 | 0 | 2024-05-17 | 11.0 - 15.0 | 0.0 | In |
Call | 2024-05-17 CALL at $25.0 | 0.9162 | 0.016 | 0 | 2024-05-17 | 8.6 - 12.5 | 0.0 | In |
Call | 2024-05-17 CALL at $30.0 | 0.7875 | 0.0356 | 0 | 2024-05-17 | 4.5 - 8.0 | 0.0 | In |
Call | 2024-05-17 CALL at $35.0 | 0.5372 | 0.1111 | 10 | 2024-05-17 | 0.0 - 3.3 | 1.5 | Out |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Quanex Building 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 ETF Categories Now
ETF CategoriesList of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |
| All Next | Launch Module |
Quanex Building Corporate Directors
Quanex Building corporate directors refer to members of a Quanex Building board of directors. The board of directors generally takes responsibility for the Quanex Building'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 Quanex Building's board members must vote for the resolution. The Quanex Building board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Robert Buck | Director and Member of Audit Committee | Profile | |
| Joseph Rupp | Lead Independent Director | Profile | |
| Donald Maier | Independent Director | Profile | |
| William Waltz | Independent Director | Profile |
Already Invested in Quanex Building Products?
The danger of trading Quanex Building Products 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 Quanex Building 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 Quanex Building. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Quanex Building Products 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 Quanex Building Products offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Quanex Building'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 Quanex Building Products Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Quanex Building Products Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Quanex Building Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Quanex Stock analysis
When running Quanex Building's price analysis, check to measure Quanex Building'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 Quanex Building is operating at the current time. Most of Quanex Building's value examination focuses on studying past and present price action to predict the probability of Quanex Building's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quanex Building's price. Additionally, you may evaluate how the addition of Quanex Building to your portfolios can decrease your overall portfolio volatility.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites |
Is Quanex Building'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 Quanex Building. If investors know Quanex 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 Quanex Building 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 2.28 | Dividend Share 0.32 | Earnings Share 2.63 | Revenue Per Share 33.788 | Quarterly Revenue Growth (0.09) |
The market value of Quanex Building Products is measured differently than its book value, which is the value of Quanex that is recorded on the company's balance sheet. Investors also form their own opinion of Quanex Building's value that differs from its market value or its book value, called intrinsic value, which is Quanex Building'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 Quanex Building's market value can be influenced by many factors that don't directly affect Quanex Building'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 Quanex Building's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quanex Building is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quanex Building'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.