2024-05-17 CALL at $185.0 Option on The Travelers Companies
| TRV Stock | USD 219.42 2.08 0.96% |
2024-05-17 CALL at $185.0 is a CALL option contract on Travelers Companies' common stock with a strick price of 185.0 expiring on 2024-05-17. The contract was last traded on 2024-04-16 at 13:52:00 for $39.1 and, as of today, has 7 days remaining before the expiration. The option is currently trading at a bid price of $32.3, and an ask price of $37.0. The implied volatility as of the 10th of May is 59.75.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The Travelers Companies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Travelers |
Call options on Travelers Companies give the investor right to buy Travelers Stock at a specified price within a specific period. The strike price represents the predetermined price at which a call buyer can buy Travelers Stock. Call options may be purchased for speculation or sold for income purposes, or simply combined for various spread or combination strategies. If Travelers Companies' price is above the strike price at expiry, the profit is the current Travelers Companies' stock price, minus the strike price and the premium.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that The Travelers Companies will have an average daily up or down price movement of about 3.73% per day over the life of the option. With Travelers Companies trading at USD 219.42, that is roughly USD 8.19. If you think that the market is fully understating Travelers Companies' daily price movement you should consider buying The Travelers Companies options at that current volatility level of 59.75%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Call Option on Travelers Companies
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 Travelers Companies 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 Travelers 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 $185.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 7 |
| Last Traded On | 2024-04-16 13:52:00 |
| Contract Period | MONTHLY |
| Open Interest | 8 |
| Current Trading Volume | 0.0 |
| Strike Price | 185.0 |
| Last Traded At | 39.1 |
| Current Price Spread | 32.3 | 37.0 |
| Rule 16 Daily Up or Down | USD8.19 |
Travelers short CALL Option Greeks
Travelers Companies' Option Greeks for the contract ending on 2024-05-17 at a strike price of 185.0 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 Travelers Companies' option greeks, its implied volatility helps estimate the risk of Travelers Companies stock implied by the prices of the options on Travelers Companies' stock.
| Delta | 0.9823 | |
| Gamma | 0.0024 | |
| Theta | -0.0714 | |
| Vega | 0.013 | |
| Rho | 0.0347 |
Travelers long CALL Option Payoff at expiration
Buying Travelers Companies' call option is the simplest of option trades. A call option on Travelers Stock gives investors the right (but not the obligation) to purchase Travelers Companies at the given strike price. Therefore Travelers Companies' call intrinsic value or payoff at expiration depends on where the Travelers Stock price is relative to the call option strike price. The strike price of 185.0 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 Travelers Companies' price. Finally, at the break-even point of 219.65, the line crosses zero, and trading Travelers becomes profitable.
Profit |
| Travelers Companies Price At Expiration |
Travelers short CALL Option Payoff at expiration
By selling Travelers Companies' call option, the investors signals his or her bearish sentiment. A short position in a call option written on Travelers Companies will generally make money when the underlying price goes down. Therefore Travelers Companies' call intrinsic value or payoff at expiration depends on where the Travelers Stock price is relative to the call option strike price. The strike price of 185.0 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 Travelers Companies' price. Finally, at the break-even point of 219.65, the line crosses zero, and trading Travelers becomes disadvantageous with no downside limits.
Profit |
| Travelers Companies Price At Expiration |
The Travelers Companies Available Call Options
Travelers Companies' option chain is a display of a range of information that helps investors for ways to trade options on Travelers. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Travelers. It also shows strike prices and maturity days for a Travelers Companies 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 $115.0 | 0.9973 | 1.0E-4 | 0 | 2024-05-17 | 102.1 - 106.9 | 0.0 | In |
Call | 2024-05-17 CALL at $120.0 | 0.993 | 3.0E-4 | 0 | 2024-05-17 | 97.2 - 102.0 | 0.0 | In |
Call | 2024-05-17 CALL at $125.0 | 0.9927 | 4.0E-4 | 0 | 2024-05-17 | 92.2 - 97.0 | 0.0 | In |
Call | 2024-05-17 CALL at $130.0 | 0.9884 | 6.0E-4 | 0 | 2024-05-17 | 87.4 - 92.0 | 0.0 | In |
Call | 2024-05-17 CALL at $135.0 | 0.9923 | 4.0E-4 | 0 | 2024-05-17 | 82.2 - 87.0 | 0.0 | In |
Call | 2024-05-17 CALL at $140.0 | 0.992 | 5.0E-4 | 2 | 2024-05-17 | 77.2 - 82.0 | 70.05 | In |
Call | 2024-05-17 CALL at $145.0 | 0.9987 | 1.0E-4 | 0 | 2024-05-17 | 72.3 - 76.7 | 0.0 | In |
Call | 2024-05-17 CALL at $150.0 | 0.9886 | 8.0E-4 | 4 | 2024-05-17 | 67.3 - 72.0 | 56.55 | In |
Call | 2024-05-17 CALL at $155.0 | 0.988 | 9.0E-4 | 0 | 2024-05-17 | 62.3 - 67.0 | 56.01 | In |
Call | 2024-05-17 CALL at $160.0 | 0.9842 | 0.0012 | 0 | 2024-05-17 | 57.7 - 61.7 | 0.0 | In |
Call | 2024-05-17 CALL at $165.0 | 0.934 | 0.0029 | 0 | 2024-05-17 | 52.7 - 55.9 | 0.0 | In |
Call | 2024-05-17 CALL at $170.0 | 0.9858 | 0.0013 | 0 | 2024-05-17 | 47.3 - 52.0 | 0.0 | In |
Call | 2024-05-17 CALL at $175.0 | 0.9849 | 0.0016 | 0 | 2024-05-17 | 42.3 - 47.0 | 0.0 | In |
Call | 2024-05-17 CALL at $180.0 | 0.9791 | 0.0023 | 0 | 2024-05-17 | 37.4 - 42.0 | 0.0 | In |
Call | 2024-05-17 CALL at $185.0 | 0.9823 | 0.0024 | 8 | 2024-05-17 | 32.3 - 37.0 | 39.1 | In |
Call | 2024-05-17 CALL at $190.0 | 0.969 | 0.004 | 4 | 2024-05-17 | 27.8 - 31.7 | 27.57 | In |
Call | 2024-05-17 CALL at $195.0 | 0.9711 | 0.0047 | 2 | 2024-05-17 | 22.4 - 27.0 | 22.9 | In |
Call | 2024-05-17 CALL at $200.0 | 0.9663 | 0.0066 | 96 | 2024-05-17 | 17.9 - 21.5 | 14.0 | In |
Call | 2024-05-17 CALL at $210.0 | 0.7466 | 0.0206 | 403 | 2024-05-17 | 8.5 - 12.0 | 9.39 | In |
Call | 2024-05-17 CALL at $220.0 | 0.4651 | 0.0898 | 890 | 2024-05-17 | 1.55 - 1.8 | 1.56 | Out |
Call | 2024-05-17 CALL at $230.0 | 0.0256 | 0.0115 | 343 | 2024-05-17 | 0.0 - 0.05 | 0.05 | Out |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Travelers Companies 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 Positions Ratings Now
Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
Travelers Companies Corporate Directors
Travelers Companies corporate directors refer to members of a Travelers Companies board of directors. The board of directors generally takes responsibility for the Travelers Companies' 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 Travelers Companies' board members must vote for the resolution. The Travelers Companies board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Laurie Thomsen | Independent Director | Profile | |
| Philip Ruegger | Independent Director | Profile | |
| Clarence Otis | Independent Director | Profile | |
| William Kane | Independent Director | Profile |
Already Invested in The Travelers Companies?
The danger of trading The Travelers Companies 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 Travelers Companies 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 Travelers Companies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile The Travelers Companies 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 The Travelers Companies is a strong investment it is important to analyze Travelers Companies' 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 Travelers Companies' future performance. For an informed investment choice regarding Travelers Stock, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The Travelers Companies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Travelers Stock analysis
When running Travelers Companies' price analysis, check to measure Travelers Companies' 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 Travelers Companies is operating at the current time. Most of Travelers Companies' value examination focuses on studying past and present price action to predict the probability of Travelers Companies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Travelers Companies' price. Additionally, you may evaluate how the addition of Travelers Companies to your portfolios can decrease your overall portfolio volatility.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Stocks Directory Find actively traded stocks across global markets |
Is Travelers Companies' 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 Travelers Companies. If investors know Travelers 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 Travelers Companies 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 0.162 | Dividend Share 4 | Earnings Share 13.45 | Revenue Per Share 187.263 | Quarterly Revenue Growth 0.157 |
The market value of The Travelers Companies is measured differently than its book value, which is the value of Travelers that is recorded on the company's balance sheet. Investors also form their own opinion of Travelers Companies' value that differs from its market value or its book value, called intrinsic value, which is Travelers Companies' 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 Travelers Companies' market value can be influenced by many factors that don't directly affect Travelers Companies' 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 Travelers Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Travelers Companies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Travelers Companies' 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.