2024-05-17 PUT at $70.0 Option on Westamerica Bancorporation
| WABC Stock | USD 49.63 0.39 0.78% |
2024-05-17 PUT at $70.0 is a PUT option contract on Westamerica Bancorporation's common stock with a strick price of 70.0 expiring on 2024-05-17. The contract was not traded in recent days and, as of today, has 4 days remaining before the expiration. The option is currently trading at a bid price of $18.1, and an ask price of $23.0. The implied volatility as of the 14th of May 2024 is 238.62.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westamerica Bancorporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. For information on how to trade Westamerica Stock refer to our How to Trade Westamerica Stock guide.
Westamerica |
A put option written on Westamerica Bancorporation becomes more valuable as the price of Westamerica Bancorporation drops. Conversely, Westamerica Bancorporation's put option loses its value as Westamerica Stock rises. When exercised, put options on Westamerica Bancorporation produce a short position in Westamerica Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Westamerica Bancorporation's downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that Westamerica Bancorporation will have an average daily up or down price movement of about 14.91% per day over the life of the option. With Westamerica Bancorporation trading at USD 49.63, that is roughly USD 7.4. If you think that the market is fully understating Westamerica Bancorporation's daily price movement you should consider buying Westamerica Bancorporation options at that current volatility level of 238.62%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Put Option on Westamerica Bancorporation
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 Westamerica Bancorporation 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 Westamerica 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 $70.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 4 |
| Last Traded On | 0000-00-00 00:00:00 |
| Contract Period | MONTHLY |
| Open Interest | 0 |
| Current Trading Volume | 0.0 |
| Strike Price | 70.0 |
| Last Traded At | 0.0 |
| Current Price Spread | 18.1 | 23.0 |
| Rule 16 Daily Up or Down | USD7.4 |
Westamerica short PUT Option Greeks
Westamerica Bancorporation's Option Greeks for the contract ending on 2024-05-17 at a strike price of 70.0 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 Westamerica Bancorporation's option greeks, its implied volatility helps estimate the risk of Westamerica Bancorporation stock implied by the prices of the options on Westamerica Bancorporation's stock.
| Delta | -0.7542 | |
| Gamma | 0.0162 | |
| Theta | -0.3022 | |
| Vega | 0.0257 | |
| Rho | -0.0128 |
Westamerica long PUT Option Payoff at expiration
Put options written on Westamerica Bancorporation grant holders of the option the right to sell a specified amount of Westamerica Bancorporation 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 Westamerica Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Westamerica Bancorporation is like buying insurance aginst Westamerica Bancorporation's downside shift.
Profit |
| Westamerica Bancorporation Price At Expiration |
Westamerica short PUT Option Payoff at expiration
By selling Westamerica Bancorporation's put option, the investors signal their bearish sentiment. A short position in a put option written on Westamerica Bancorporation will generally make money when the underlying price is above the strike price. Therefore Westamerica Bancorporation's put payoff at expiration depends on where the Westamerica Stock price is relative to the put option strike price. The breakeven price of 47.0 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 Westamerica Bancorporation's price. Finally, at the strike price of 70.0, the payoff chart is constant and positive.
Profit |
| Westamerica Bancorporation Price At Expiration |
Westamerica Bancorporation Available Put Options
Westamerica Bancorporation's option chain is a display of a range of information that helps investors for ways to trade options on Westamerica. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Westamerica. It also shows strike prices and maturity days for a Westamerica Bancorporation 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 $70.0 | -0.7542 | 0.0162 | 0 | 2024-05-17 | 18.1 - 23.0 | 0.0 | In |
Put | 2024-05-17 PUT at $65.0 | -0.7327 | 0.0192 | 0 | 2024-05-17 | 13.1 - 18.0 | 0.0 | In |
Put | 2024-05-17 PUT at $60.0 | -0.7007 | 0.0242 | 0 | 2024-05-17 | 8.1 - 13.0 | 0.0 | In |
Put | 2024-05-17 PUT at $55.0 | -0.6509 | 0.0344 | 0 | 2024-05-17 | 3.0 - 7.9 | 0.0 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Westamerica Bancorporation 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?
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Westamerica Bancorporation Corporate Management
Elected by the shareholders, the Westamerica Bancorporation's board of directors comprises two types of representatives: Westamerica Bancorporation inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Westamerica. The board's role is to monitor Westamerica Bancorporation's management team and ensure that shareholders' interests are well served. Westamerica Bancorporation'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, Westamerica Bancorporation's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kris Irvine | VP Secretary | Profile | |
| Curtis Belton | Senior Officer | Profile | |
| Jesse Leavitt | VP CFO | Profile | |
| Diane Cunningham | Corporate Secretary | Profile | |
| Robert Baker | Regional Division | Profile |
Already Invested in Westamerica Bancorporation?
The danger of trading Westamerica Bancorporation 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 Westamerica Bancorporation 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 Westamerica Bancorporation. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Westamerica Bancorporation 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 Westamerica Bancorporation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Westamerica Bancorporation'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 Westamerica Bancorporation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Westamerica Bancorporation Stock: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westamerica Bancorporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. For information on how to trade Westamerica Stock refer to our How to Trade Westamerica Stock guide.Note that the Westamerica Bancorporation information on this page should be used as a complementary analysis to other Westamerica Bancorporation's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Westamerica Stock analysis
When running Westamerica Bancorporation's price analysis, check to measure Westamerica Bancorporation'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 Westamerica Bancorporation is operating at the current time. Most of Westamerica Bancorporation's value examination focuses on studying past and present price action to predict the probability of Westamerica Bancorporation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westamerica Bancorporation's price. Additionally, you may evaluate how the addition of Westamerica Bancorporation to your portfolios can decrease your overall portfolio volatility.
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Is Westamerica Bancorporation'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 Westamerica Bancorporation. If investors know Westamerica 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 Westamerica Bancorporation 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 (0.09) | Dividend Share 1.74 | Earnings Share 5.92 | Revenue Per Share 11.96 | Quarterly Revenue Growth (0.07) |
The market value of Westamerica Bancorporation is measured differently than its book value, which is the value of Westamerica that is recorded on the company's balance sheet. Investors also form their own opinion of Westamerica Bancorporation's value that differs from its market value or its book value, called intrinsic value, which is Westamerica Bancorporation'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 Westamerica Bancorporation's market value can be influenced by many factors that don't directly affect Westamerica Bancorporation'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 Westamerica Bancorporation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westamerica Bancorporation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westamerica Bancorporation'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.