2024-05-17 PUT at $28.0 Option on Vornado Realty Trust
| VNO Stock | USD 26.18 0.60 2.35% |
2024-05-17 PUT at $28.0 is a PUT option contract on Vornado Realty's common stock with a strick price of 28.0 expiring on 2024-05-17. The contract was last traded on 2024-05-01 at 15:00:02 for $1.84 and, as of today, has 15 days remaining before the expiration. The option is currently trading at a bid price of $1.2, and an ask price of $2.75. The implied volatility as of the 3rd of May is 35.23.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vornado Realty Trust. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Vornado |
A put option written on Vornado Realty becomes more valuable as the price of Vornado Realty drops. Conversely, Vornado Realty's put option loses its value as Vornado Stock rises. When exercised, put options on Vornado Realty produce a short position in Vornado Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Vornado Realty's downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that Vornado Realty Trust will have an average daily up or down price movement of about 2.2% per day over the life of the option. With Vornado Realty trading at USD 26.18, that is roughly USD 0.58. If you think that the market is fully understating Vornado Realty's daily price movement you should consider buying Vornado Realty Trust options at that current volatility level of 35.23%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Put Option on Vornado Realty
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 Vornado Realty 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 Vornado 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 | 2024-05-17 PUT at $28.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 15 |
| Last Traded On | 2024-05-01 15:00:02 |
| Contract Period | MONTHLY |
| Open Interest | 77 |
| Current Trading Volume | 0.0 |
| Strike Price | 28.0 |
| Last Traded At | 1.84 |
| Current Price Spread | 1.2 | 2.75 |
| Rule 16 Daily Up or Down | USD0.58 |
Vornado short PUT Option Greeks
Vornado Realty's Option Greeks for the contract ending on 2024-05-17 at a strike price of 28.0 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 Vornado Realty's option greeks, its implied volatility helps estimate the risk of Vornado Realty stock implied by the prices of the options on Vornado Realty's stock.
| Delta | -0.8254 | |
| Gamma | 0.1426 | |
| Theta | -0.0159 | |
| Vega | 0.0131 | |
| Rho | -0.0067 |
Vornado long PUT Option Payoff at expiration
Put options written on Vornado Realty grant holders of the option the right to sell a specified amount of Vornado Realty 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 Vornado Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Vornado Realty is like buying insurance aginst Vornado Realty's downside shift.
Profit |
| Vornado Realty Price At Expiration |
Vornado short PUT Option Payoff at expiration
By selling Vornado Realty's put option, the investors signal their bearish sentiment. A short position in a put option written on Vornado Realty will generally make money when the underlying price is above the strike price. Therefore Vornado Realty's put payoff at expiration depends on where the Vornado Stock price is relative to the put option strike price. The breakeven price of 26.02 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 Vornado Realty's price. Finally, at the strike price of 28.0, the payoff chart is constant and positive.
Profit |
| Vornado Realty Price At Expiration |
Vornado Realty Trust Available Put Options
Vornado Realty's option chain is a display of a range of information that helps investors for ways to trade options on Vornado. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Vornado. It also shows strike prices and maturity days for a Vornado Realty 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 | 2024-05-17 PUT at $22.0 | -0.0679 | 0.0411 | 33 | 2024-05-17 | 0.05 - 0.15 | 0.1 | Out |
Put | 2024-05-17 PUT at $23.0 | -0.1237 | 0.0659 | 88 | 2024-05-17 | 0.15 - 0.25 | 0.2 | Out |
Put | 2024-05-17 PUT at $24.0 | -0.2042 | 0.0954 | 245 | 2024-05-17 | 0.3 - 0.4 | 0.36 | Out |
Put | 2024-05-17 PUT at $25.0 | -0.3129 | 0.1264 | 753 | 2024-05-17 | 0.55 - 0.65 | 0.75 | Out |
Put | 2024-05-17 PUT at $26.0 | -0.4512 | 0.1473 | 3449 | 2024-05-17 | 0.9 - 1.05 | 1.25 | Out |
Put | 2024-05-17 PUT at $27.0 | -0.5988 | 0.1459 | 101 | 2024-05-17 | 1.45 - 1.6 | 1.7 | In |
Put | 2024-05-17 PUT at $28.0 | -0.8254 | 0.1426 | 77 | 2024-05-17 | 1.2 - 2.75 | 1.84 | In |
Put | 2024-05-17 PUT at $29.0 | -0.8074 | 0.0947 | 123 | 2024-05-17 | 0.9 - 3.1 | 2.25 | In |
Put | 2024-05-17 PUT at $30.0 | -0.8027 | 0.0722 | 11 | 2024-05-17 | 2.4 - 6.0 | 3.7 | In |
Put | 2024-05-17 PUT at $31.0 | -0.8483 | 0.0588 | 2 | 2024-05-17 | 3.5 - 6.7 | 3.8 | In |
Put | 2024-05-17 PUT at $32.0 | -0.6517 | 0.04 | 0 | 2024-05-17 | 3.8 - 7.6 | 5.3 | In |
Put | 2024-05-17 PUT at $33.0 | -0.7519 | 0.043 | 0 | 2024-05-17 | 6.5 - 9.0 | 0.0 | In |
Put | 2024-05-17 PUT at $34.0 | -0.8781 | 0.0375 | 0 | 2024-05-17 | 6.2 - 10.0 | 0.0 | In |
Put | 2024-05-17 PUT at $35.0 | -0.9712 | 0.017 | 0 | 2024-05-17 | 6.8 - 10.9 | 0.0 | In |
Put | 2024-05-17 PUT at $36.0 | -0.8147 | 0.0336 | 0 | 2024-05-17 | 9.6 - 11.4 | 0.0 | In |
Put | 2024-05-17 PUT at $37.0 | -0.8943 | 0.0278 | 0 | 2024-05-17 | 10.6 - 11.6 | 0.0 | In |
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Vornado Realty Corporate Management
Elected by the shareholders, the Vornado Realty's board of directors comprises two types of representatives: Vornado Realty inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Vornado. The board's role is to monitor Vornado Realty's management team and ensure that shareholders' interests are well served. Vornado Realty's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Vornado Realty's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Lynne | Independent Trustee | Profile | |
| Robert Kogod | Independent Trustee | Profile | |
| Jan LaChapelle | Executive Vice President - Head of Capital Markets | Profile | |
| Catherine Creswell | Director Relations | Profile | |
| Candace Beinecke | Lead Independent Trustee | Profile |
Already Invested in Vornado Realty Trust?
The danger of trading Vornado Realty Trust 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 Vornado Realty 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 Vornado Realty. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Vornado Realty Trust 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 Vornado Realty Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Vornado Realty'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 Vornado Realty Trust Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Vornado Realty Trust Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vornado Realty Trust. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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When running Vornado Realty's price analysis, check to measure Vornado Realty'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 Vornado Realty is operating at the current time. Most of Vornado Realty's value examination focuses on studying past and present price action to predict the probability of Vornado Realty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vornado Realty's price. Additionally, you may evaluate how the addition of Vornado Realty to your portfolios can decrease your overall portfolio volatility.
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Is Vornado Realty'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 Vornado Realty. If investors know Vornado 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 Vornado Realty 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 5.893 | Dividend Share 0.675 | Earnings Share 0.23 | Revenue Per Share 9.863 | Quarterly Revenue Growth (0.02) |
The market value of Vornado Realty Trust is measured differently than its book value, which is the value of Vornado that is recorded on the company's balance sheet. Investors also form their own opinion of Vornado Realty's value that differs from its market value or its book value, called intrinsic value, which is Vornado Realty'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 Vornado Realty's market value can be influenced by many factors that don't directly affect Vornado Realty'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 Vornado Realty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vornado Realty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vornado Realty'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.