PHM240517P00120000 Option on PulteGroup
| PHM Stock | USD 112.89 2.60 2.25% |
PulteGroup's latest option contracts expiring on 2024-06-07 are carrying combined implied volatility of 45.97 with a put-to-call open interest ratio of 1.45 over 108 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on 2024-06-07. The current put volume is at 321, with calls trading at the volume of 71. This yields a 4.52 put-to-call volume ratio.
Open Interest Against 2024-06-07 Option Contracts
PulteGroup option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in PulteGroup's lending market. For example, when PulteGroup's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on PulteGroup, he or she must hedge the risk by shorting PulteGroup stock over its option's life.
2024-06-07
The chart above shows PulteGroup's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. PulteGroup's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for PulteGroup's option, there is no secondary market available for investors to trade.
PulteGroup Maximum Pain Price across 2024-06-07 Option Contracts
Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as PulteGroup close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
PulteGroup's option chain provides insight into all available option contracts written on PulteGroup's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of PulteGroup's stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given PulteGroup option contract.
In The Money vs. Out of Money Option Contracts on PulteGroup
Analyzing PulteGroup's in-the-money options over time can help investors to take a profitable long position in PulteGroup regardless of its overall volatility. This is especially true when PulteGroup's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money PulteGroup's options could be used as guardians of the underlying stock as they move almost dollar for dollar with PulteGroup's stock while costing only a fraction of its price.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PulteGroup. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Please note that buying 'in-the-money' options on PulteGroup lessens the impact of time decay, as they carry both intrinsic and time value. So, even if PulteGroup's value remains static through the expiration date, the investor can sell to close an 'in-the-money' option to avoid a potential loss. However, in-the-money PulteGroup contracts are usually more expensive to enter than their out-of-the-money counterparts. So keep in mind that while the payoffs on an in-the-money trade can be high, the investors could ultimately experience a more consequential loss if PulteGroup Stock moves the wrong way.
At this time, PulteGroup's Total Stockholder Equity is very stable compared to the past year. As of the 5th of June 2024, Common Stock Shares Outstanding is likely to grow to about 281.8 M, while Capital Stock is likely to drop about 2 M. PulteGroup In The Money Call Balance
When PulteGroup's strike price is surpassing the current stock price, the option contract against PulteGroup stock is said to be in the money. When it comes to buying PulteGroup's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on PulteGroup are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
PulteGroup Current Options Market Mood
PulteGroup's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps PulteGroup Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Most options investors, including buyers and sellers of PulteGroup's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. PulteGroup's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current PulteGroup's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.
Rule 16 of the current PulteGroup contract
Base on the Rule 16, the options market is currently suggesting that PulteGroup will have an average daily up or down price movement of about 2.87% per day over the life of the 2024-06-07 option contract. With PulteGroup trading at USD 112.89, that is roughly USD 3.24. If you think that the market is fully incorporating PulteGroup's daily price movement you should consider buying PulteGroup options at the current volatility level of 45.97%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
PulteGroup |
Purchasing PulteGroup options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" PulteGroup calls. Remember, the seller must deliver PulteGroup stock to the call owner when a call is exercised.
PulteGroup Option Chain
When PulteGroup's strike price is surpassing the current stock price, the option contract against PulteGroup stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
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PulteGroup's option chain is a display of a range of information that helps investors for ways to trade options on PulteGroup. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for PulteGroup. It also shows strike prices and maturity days for a PulteGroup 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 | 2024-06-07 CALL at $60.0 | 0.9467 | 0.0021 | 0 | 2024-06-07 | 51.4 - 54.3 | 0.0 | In |
Call | 2024-06-07 CALL at $65.0 | 0.9333 | 0.0027 | 0 | 2024-06-07 | 46.2 - 49.6 | 0.0 | In |
Call | 2024-06-07 CALL at $70.0 | 0.9305 | 0.0032 | 0 | 2024-06-07 | 41.4 - 44.4 | 0.0 | In |
Call | 2024-06-07 CALL at $75.0 | 0.9935 | 9.0E-4 | 0 | 2024-06-07 | 36.1 - 39.8 | 0.0 | In |
Call | 2024-06-07 CALL at $80.0 | 0.9685 | 0.0032 | 0 | 2024-06-07 | 31.6 - 34.8 | 0.0 | In |
Call | 2024-06-07 CALL at $85.0 | 0.9554 | 0.0047 | 0 | 2024-06-07 | 27.4 - 29.2 | 0.0 | In |
Call | 2024-06-07 CALL at $90.0 | 0.939 | 0.0069 | 0 | 2024-06-07 | 20.6 - 23.4 | 0.0 | In |
Call | 2024-06-07 CALL at $94.0 | 0.9441 | 0.0083 | 0 | 2024-06-07 | 18.0 - 20.5 | 0.0 | In |
Call | 2024-06-07 CALL at $95.0 | 0.9263 | 0.0099 | 0 | 2024-06-07 | 15.8 - 18.4 | 0.0 | In |
Call | 2024-06-07 CALL at $96.0 | 0.9518 | 0.0088 | 0 | 2024-06-07 | 15.5 - 18.8 | 0.0 | In |
Call | 2024-06-07 CALL at $97.0 | 0.8327 | 0.0128 | 0 | 2024-06-07 | 13.9 - 17.8 | 0.0 | In |
Call | 2024-06-07 CALL at $98.0 | 0.9332 | 0.0117 | 0 | 2024-06-07 | 14.0 - 16.5 | 0.0 | In |
Call | 2024-06-07 CALL at $99.0 | 0.9524 | 0.0109 | 0 | 2024-06-07 | 13.8 - 14.4 | 0.0 | In |
Call | 2024-06-07 CALL at $100.0 | 0.8256 | 0.0163 | 1 | 2024-06-07 | 10.7 - 14.5 | 15.72 | In |
Call | 2024-06-07 CALL at $101.0 | 0.8906 | 0.0176 | 3 | 2024-06-07 | 11.1 - 12.5 | 15.0 | In |
Call | 2024-06-07 CALL at $102.0 | 0.8737 | 0.0198 | 0 | 2024-06-07 | 9.5 - 11.6 | 0.0 | In |
Call | 2024-06-07 CALL at $103.0 | 0.8771 | 0.0219 | 0 | 2024-06-07 | 8.2 - 10.5 | 0.0 | In |
Call | 2024-06-07 CALL at $104.0 | 0.8573 | 0.025 | 0 | 2024-06-07 | 7.2 - 9.6 | 0.0 | In |
Call | 2024-06-07 CALL at $105.0 | 0.8471 | 0.0284 | 2 | 2024-06-07 | 6.5 - 8.6 | 13.7 | In |
Call | 2024-06-07 CALL at $106.0 | 0.8479 | 0.0328 | 0 | 2024-06-07 | 5.7 - 7.5 | 0.0 | In |
Call | 2024-06-07 CALL at $107.0 | 0.8342 | 0.0386 | 0 | 2024-06-07 | 5.3 - 6.5 | 0.0 | In |
Call | 2024-06-07 CALL at $108.0 | 0.9411 | 0.0362 | 0 | 2024-06-07 | 4.6 - 5.4 | 0.0 | In |
Call | 2024-06-07 CALL at $109.0 | 0.8714 | 0.0588 | 0 | 2024-06-07 | 3.8 - 4.5 | 0.0 | In |
Call | 2024-06-07 CALL at $110.0 | 0.7746 | 0.0748 | 30 | 2024-06-07 | 3.3 - 3.6 | 8.42 | In |
Call | 2024-06-07 CALL at $111.0 | 0.6917 | 0.0878 | 20 | 2024-06-07 | 2.6 - 2.85 | 7.55 | In |
Call | 2024-06-07 CALL at $112.0 | 0.6002 | 0.0992 | 0 | 2024-06-07 | 1.95 - 2.15 | 0.0 | In |
Call | 2024-06-07 CALL at $113.0 | 0.4968 | 0.1145 | 22 | 2024-06-07 | 1.35 - 1.6 | 1.35 | Out |
Call | 2024-06-07 CALL at $114.0 | 0.3906 | 0.1048 | 123 | 2024-06-07 | 0.95 - 1.15 | 0.99 | Out |
Call | 2024-06-07 CALL at $115.0 | 0.2943 | 0.0931 | 52 | 2024-06-07 | 0.6 - 0.75 | 0.8 | Out |
Call | 2024-06-07 CALL at $116.0 | 0.2204 | 0.0768 | 33 | 2024-06-07 | 0.3 - 0.5 | 0.48 | Out |
Call | 2024-06-07 CALL at $117.0 | 0.1551 | 0.0614 | 230 | 2024-06-07 | 0.0 - 0.35 | 0.31 | Out |
Call | 2024-06-07 CALL at $118.0 | 0.0897 | 0.0443 | 41 | 2024-06-07 | 0.1 - 0.2 | 0.4 | Out |
Call | 2024-06-07 CALL at $119.0 | 0.0616 | 0.032 | 45 | 2024-06-07 | 0.05 - 0.15 | 0.45 | Out |
Put | 2024-06-07 PUT at $104.0 | -0.0266 | 0.0127 | 1 | 2024-06-07 | 0.0 - 0.1 | 0.05 | Out |
Put | 2024-06-07 PUT at $105.0 | -0.0476 | 0.0199 | 11 | 2024-06-07 | 0.05 - 0.15 | 0.1 | Out |
Put | 2024-06-07 PUT at $106.0 | -0.0525 | 0.0241 | 5 | 2024-06-07 | 0.05 - 0.15 | 0.27 | Out |
Put | 2024-06-07 PUT at $107.0 | -0.0841 | 0.0345 | 101 | 2024-06-07 | 0.1 - 0.25 | 0.2 | Out |
Put | 2024-06-07 PUT at $108.0 | -0.1101 | 0.0452 | 108 | 2024-06-07 | 0.15 - 0.3 | 0.2 | Out |
Put | 2024-06-07 PUT at $109.0 | -0.1541 | 0.0597 | 30 | 2024-06-07 | 0.25 - 0.4 | 0.17 | Out |
Put | 2024-06-07 PUT at $110.0 | -0.2287 | 0.0744 | 16 | 2024-06-07 | 0.4 - 0.55 | 0.55 | Out |
Put | 2024-06-07 PUT at $111.0 | -0.2984 | 0.0921 | 53 | 2024-06-07 | 0.65 - 0.8 | 0.85 | Out |
Put | 2024-06-07 PUT at $112.0 | -0.3953 | 0.1047 | 120 | 2024-06-07 | 0.95 - 1.15 | 1.37 | Out |
Put | 2024-06-07 PUT at $113.0 | -0.5031 | 0.1094 | 318 | 2024-06-07 | 1.4 - 1.6 | 1.17 | In |
Put | 2024-06-07 PUT at $114.0 | -0.6145 | 0.1084 | 54 | 2024-06-07 | 1.9 - 2.15 | 1.6 | In |
Put | 2024-06-07 PUT at $115.0 | -0.7254 | 0.099 | 41 | 2024-06-07 | 2.55 - 4.4 | 2.65 | In |
Put | 2024-06-07 PUT at $116.0 | -0.808 | 0.0795 | 38 | 2024-06-07 | 3.3 - 3.6 | 1.65 | In |
Put | 2024-06-07 PUT at $117.0 | -0.8206 | 0.0612 | 117 | 2024-06-07 | 4.2 - 4.8 | 3.2 | In |
Put | 2024-06-07 PUT at $118.0 | -0.908 | 0.0448 | 24 | 2024-06-07 | 5.0 - 5.5 | 2.45 | In |
Put | 2024-06-07 PUT at $119.0 | -0.849 | 0.0418 | 9 | 2024-06-07 | 5.9 - 7.6 | 6.52 | In |
Put | 2024-06-07 PUT at $120.0 | -0.8043 | 0.0359 | 14 | 2024-06-07 | 6.8 - 9.0 | 3.72 | In |
Put | 2024-06-07 PUT at $121.0 | -0.8487 | 0.032 | 13 | 2024-06-07 | 6.4 - 10.1 | 8.65 | In |
Put | 2024-06-07 PUT at $122.0 | -0.7628 | 0.0271 | 1 | 2024-06-07 | 6.9 - 10.6 | 4.5 | In |
Put | 2024-06-07 PUT at $123.0 | -0.7466 | 0.024 | 0 | 2024-06-07 | 7.9 - 12.0 | 6.65 | In |
Put | 2024-06-07 PUT at $124.0 | -0.8259 | 0.024 | 1 | 2024-06-07 | 10.7 - 13.4 | 7.5 | In |
Put | 2024-06-07 PUT at $125.0 | -0.747 | 0.0205 | 0 | 2024-06-07 | 9.7 - 14.3 | 0.0 | In |
Put | 2024-06-07 PUT at $126.0 | -0.9768 | 0.009 | 0 | 2024-06-07 | 11.1 - 15.2 | 0.0 | In |
Put | 2024-06-07 PUT at $127.0 | -0.761 | 0.0183 | 0 | 2024-06-07 | 11.7 - 16.3 | 0.0 | In |
Put | 2024-06-07 PUT at $128.0 | -0.9174 | 0.0154 | 0 | 2024-06-07 | 13.6 - 17.3 | 0.0 | In |
Put | 2024-06-07 PUT at $129.0 | -0.8678 | 0.0167 | 0 | 2024-06-07 | 15.7 - 18.1 | 11.1 | In |
Put | 2024-06-07 PUT at $130.0 | -0.8626 | 0.0159 | 0 | 2024-06-07 | 16.7 - 19.3 | 0.0 | In |
Put | 2024-06-07 PUT at $131.0 | -0.8664 | 0.0151 | 0 | 2024-06-07 | 17.7 - 20.3 | 0.0 | In |
Put | 2024-06-07 PUT at $132.0 | -0.9348 | 0.0113 | 0 | 2024-06-07 | 18.1 - 20.7 | 0.0 | In |
Put | 2024-06-07 PUT at $133.0 | -0.869 | 0.0137 | 0 | 2024-06-07 | 19.7 - 22.4 | 0.0 | In |
Put | 2024-06-07 PUT at $134.0 | -0.8336 | 0.0136 | 0 | 2024-06-07 | 18.7 - 22.6 | 0.0 | In |
Put | 2024-06-07 PUT at $135.0 | -0.8789 | 0.0124 | 0 | 2024-06-07 | 21.7 - 24.3 | 0.0 | In |
Put | 2024-06-07 PUT at $136.0 | -0.8776 | 0.012 | 0 | 2024-06-07 | 22.7 - 25.4 | 0.0 | In |
Put | 2024-06-07 PUT at $140.0 | -0.9857 | 0.0034 | 0 | 2024-06-07 | 25.3 - 29.0 | 0.0 | In |
Put | 2024-06-07 PUT at $145.0 | -0.8924 | 0.0087 | 0 | 2024-06-07 | 30.3 - 33.1 | 0.0 | In |
Put | 2024-06-07 PUT at $150.0 | -0.9883 | 0.0022 | 0 | 2024-06-07 | 35.3 - 39.0 | 0.0 | In |
Put | 2024-06-07 PUT at $155.0 | -0.9891 | 0.0019 | 0 | 2024-06-07 | 40.3 - 44.0 | 0.0 | In |
PulteGroup Total Stockholder Equity Over Time
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders. Total Stockholder Equity |
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PulteGroup Common Stock Shares Outstanding Over Time
The total number of shares of a company's common stock that are currently owned by all its shareholders. Common Stock Shares Outstanding |
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PulteGroup Total Stockholder Equity
Total Stockholder Equity |
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PulteGroup Corporate Directors
| Brian Anderson | Independent Director | Profile | |
| John Peshkin | Independent Director | Profile | |
| Cheryl Grise | Independent Director | Profile | |
| Scott Powers | Independent Director | Profile |
Additional Information and Resources on Investing in PulteGroup Stock
When determining whether PulteGroup is a strong investment it is important to analyze PulteGroup'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 PulteGroup's future performance. For an informed investment choice regarding PulteGroup Stock, refer to the following important reports:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PulteGroup. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. To learn how to invest in PulteGroup Stock, please use our How to Invest in PulteGroup guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Household Durables space 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 PulteGroup. If investors know PulteGroup 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 PulteGroup 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 0.322 | Dividend Share 0.72 | Earnings Share 12.47 | Revenue Per Share 75.865 | Quarterly Revenue Growth 0.104 |
The market value of PulteGroup is measured differently than its book value, which is the value of PulteGroup that is recorded on the company's balance sheet. Investors also form their own opinion of PulteGroup's value that differs from its market value or its book value, called intrinsic value, which is PulteGroup'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 PulteGroup's market value can be influenced by many factors that don't directly affect PulteGroup'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 PulteGroup's value and its price as these two are different measures arrived at by different means. Investors typically determine if PulteGroup is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PulteGroup'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.