AA250620P00060000 Option on Alcoa Corp
| AA Stock | USD 41.09 0.90 2.14% |
Alcoa Corp's latest option contracts expiring on 2024-12-13 are carrying combined implied volatility of 1.15 with a put-to-call open interest ratio of 2.03 over 67 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on 2024-12-13. The total put volume is at 1.2 K, with calls trading at the volume of 1.2 K. This yields a 0.55 put-to-call volume ratio.
Open Interest Against 2024-12-13 Option Contracts
2024-12-13
The chart above shows Alcoa Corp'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. Alcoa Corp's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Alcoa Corp's option, there is no secondary market available for investors to trade.
Alcoa Corp Maximum Pain Price across 2024-12-13 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 Alcoa Corp close to expiration to expire worthless. 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, Alcoa Corp's option sellers may reap the most after selling more options than buying, causing them to expire worthless.
In The Money vs. Out of Money Option Contracts on Alcoa Corp
Analyzing Alcoa Corp's in-the-money options over time can help investors to take a profitable long position in Alcoa Corp regardless of its overall volatility. This is especially true when Alcoa Corp's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Alcoa Corp's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Alcoa Corp's stock while costing only a fraction of its price.
Alcoa Corp's stock options are financial instruments that give investors the right to buy or sell shares of Alcoa Corp common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Alcoa stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Alcoa Corp's stock price goes up or down, the stock options follow.
At present, Alcoa Corp's Common Stock Shares Outstanding is projected to increase significantly based on the last few years of reporting. The current year's Total Stockholder Equity is expected to grow to about 4.6 B, whereas Common Stock Total Equity is forecasted to decline to about 1.7 M. Alcoa Corp In The Money Call Balance
When Alcoa Corp's strike price is surpassing the current stock price, the option contract against Alcoa Corp stock is said to be in the money. When it comes to buying Alcoa Corp'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 Alcoa Corp 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.
Alcoa Current Options Market Mood
Alcoa Corp'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 Alcoa 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 Alcoa Corp'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. Alcoa Corp'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.
Rule 16 of the current Alcoa contract
Base on the Rule 16, the options market is currently suggesting that Alcoa Corp will have an average daily up or down price movement of about 0.0719% per day over the life of the 2024-12-13 option contract. With Alcoa Corp trading at USD 41.09, that is roughly USD 0.0295. If you think that the market is fully incorporating Alcoa Corp's daily price movement you should consider buying Alcoa Corp options at the current volatility level of 1.15%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Alcoa |
Purchasing Alcoa Corp 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" Alcoa calls. Remember, the seller must deliver Alcoa Corp stock to the call owner when a call is exercised.
Alcoa Corp Option Chain
When Alcoa Corp's strike price is surpassing the current stock price, the option contract against Alcoa Corp 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.
2024-12-132024-12-202024-12-272025-01-032025-01-102025-01-172025-01-242025-02-212025-04-172025-06-202025-07-182025-09-192026-01-162026-12-182027-01-15
Alcoa Corp's option chain is a display of a range of information that helps investors for ways to trade options on Alcoa. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Alcoa. It also shows strike prices and maturity days for a Alcoa Corp 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. | Open Int | Expiration | Current Spread | Last Price | |||
Call | AA Option Call 13-12-2024 30 | 2 | 2024-12-13 | 10.15 - 11.35 | 13.39 | In |
Call | AA Option Call 13-12-2024 32 | 2 | 2024-12-13 | 7.35 - 10.05 | 13.81 | In |
Call | AA Option Call 13-12-2024 34 | 12 | 2024-12-13 | 7.05 - 7.8 | 9.05 | In |
Call | AA Option Call 13-12-2024 35 | 15 | 2024-12-13 | 6.05 - 7.6 | 7.75 | In |
Call | AA Option Call 13-12-2024 36 | 25 | 2024-12-13 | 5.05 - 6.05 | 5.3 | In |
Call | AA Option Call 13-12-2024 37 | 2 | 2024-12-13 | 2.97 - 4.4 | 10.47 | In |
Call | AA Option Call 13-12-2024 38 | 7 | 2024-12-13 | 2.87 - 3.3 | 3.33 | In |
Call | AA Option Call 13-12-2024 39 | 8 | 2024-12-13 | 1.81 - 2.46 | 2.28 | In |
Call | AA Option Call 13-12-2024 40 | 29 | 2024-12-13 | 1.46 - 1.69 | 1.37 | In |
Call | AA Option Call 13-12-2024 40 | 1 | 2024-12-13 | 0.97 - 1.29 | 1.02 | In |
Call | AA Option Call 13-12-2024 41 | 33 | 2024-12-13 | 0.88 - 0.99 | 0.89 | In |
Call | AA Option Call 13-12-2024 41 | 81 | 2024-12-13 | 0.64 - 0.75 | 0.57 | Out |
Call | AA Option Call 13-12-2024 42 | 651 | 2024-12-13 | 0.47 - 0.56 | 0.51 | Out |
Call | AA Option Call 13-12-2024 42 | 103 | 2024-12-13 | 0.32 - 0.61 | 0.31 | Out |
Call | AA Option Call 13-12-2024 43 | 205 | 2024-12-13 | 0.22 - 0.3 | 0.21 | Out |
Call | AA Option Call 13-12-2024 43 | 1029 | 2024-12-13 | 0.17 - 0.21 | 0.15 | Out |
Call | AA Option Call 13-12-2024 44 | 384 | 2024-12-13 | 0.11 - 0.15 | 0.11 | Out |
Call | AA Option Call 13-12-2024 44 | 82 | 2024-12-13 | 0.07 - 0.11 | 0.12 | Out |
Call | AA Option Call 13-12-2024 45 | 432 | 2024-12-13 | 0.05 - 0.19 | 0.05 | Out |
Call | AA Option Call 13-12-2024 45 | 247 | 2024-12-13 | 0.03 - 0.17 | 0.04 | Out |
Call | AA Option Call 13-12-2024 46 | 395 | 2024-12-13 | 0.01 - 0.08 | 0.04 | Out |
Call | AA Option Call 13-12-2024 46 | 93 | 2024-12-13 | 0.01 - 0.25 | 0.03 | Out |
Call | AA Option Call 13-12-2024 47 | 341 | 2024-12-13 | 0.0 - 0.02 | 0.02 | Out |
Call | AA Option Call 13-12-2024 47 | 344 | 2024-12-13 | 0.0 - 0.24 | 0.04 | Out |
Call | AA Option Call 13-12-2024 48 | 190 | 2024-12-13 | 0.0 - 0.23 | 0.02 | Out |
Call | AA Option Call 13-12-2024 48 | 68 | 2024-12-13 | 0.0 - 0.23 | 0.15 | Out |
Call | AA Option Call 13-12-2024 49 | 179 | 2024-12-13 | 0.0 - 0.21 | 0.01 | Out |
Call | AA Option Call 13-12-2024 49 | 27 | 2024-12-13 | 0.0 - 1.18 | 0.23 | Out |
Call | AA Option Call 13-12-2024 50 | 189 | 2024-12-13 | 0.0 - 0.03 | 0.01 | Out |
Call | AA Option Call 13-12-2024 51 | 49 | 2024-12-13 | 0.0 - 0.01 | 0.01 | Out |
Call | AA Option Call 13-12-2024 52 | 467 | 2024-12-13 | 0.0 - 0.05 | 0.01 | Out |
Call | AA Option Call 13-12-2024 53 | 17 | 2024-12-13 | 0.0 - 0.35 | 0.03 | Out |
Call | AA Option Call 13-12-2024 54 | 15 | 2024-12-13 | 0.0 - 0.41 | 0.01 | Out |
Call | AA Option Call 13-12-2024 55 | 41 | 2024-12-13 | 0.0 - 0.01 | 0.02 | Out |
Call | AA Option Call 13-12-2024 56 | 6 | 2024-12-13 | 0.0 - 0.25 | 0.01 | Out |
Put | AA Option Put 13-12-2024 25 | 2 | 2024-12-13 | 0.0 - 0.43 | 0.06 | Out |
Put | AA Option Put 13-12-2024 30 | 540 | 2024-12-13 | 0.0 - 0.04 | 0.01 | Out |
Put | AA Option Put 13-12-2024 31 | 41 | 2024-12-13 | 0.0 - 2.14 | 0.34 | Out |
Put | AA Option Put 13-12-2024 32 | 8 | 2024-12-13 | 0.0 - 2.14 | 0.14 | Out |
Put | AA Option Put 13-12-2024 34 | 5408 | 2024-12-13 | 0.0 - 0.23 | 0.01 | Out |
Put | AA Option Put 13-12-2024 35 | 249 | 2024-12-13 | 0.0 - 0.04 | 0.01 | Out |
Put | AA Option Put 13-12-2024 36 | 67 | 2024-12-13 | 0.0 - 0.06 | 0.03 | Out |
Put | AA Option Put 13-12-2024 37 | 308 | 2024-12-13 | 0.01 - 0.25 | 0.07 | Out |
Put | AA Option Put 13-12-2024 38 | 131 | 2024-12-13 | 0.06 - 0.1 | 0.08 | Out |
Put | AA Option Put 13-12-2024 39 | 798 | 2024-12-13 | 0.06 - 0.21 | 0.23 | Out |
Put | AA Option Put 13-12-2024 40 | 145 | 2024-12-13 | 0.37 - 0.46 | 0.53 | Out |
Put | AA Option Put 13-12-2024 40 | 74 | 2024-12-13 | 0.56 - 0.72 | 0.51 | Out |
Put | AA Option Put 13-12-2024 41 | 100 | 2024-12-13 | 0.6 - 0.87 | 0.88 | Out |
Put | AA Option Put 13-12-2024 41 | 208 | 2024-12-13 | 0.86 - 1.26 | 1.14 | In |
Put | AA Option Put 13-12-2024 42 | 2235 | 2024-12-13 | 1.29 - 1.43 | 1.46 | In |
Put | AA Option Put 13-12-2024 42 | 69 | 2024-12-13 | 1.61 - 1.8 | 1.82 | In |
Put | AA Option Put 13-12-2024 43 | 126 | 2024-12-13 | 1.84 - 2.21 | 2.41 | In |
Put | AA Option Put 13-12-2024 43 | 171 | 2024-12-13 | 2.47 - 2.64 | 2.67 | In |
Put | AA Option Put 13-12-2024 44 | 137 | 2024-12-13 | 2.76 - 4.0 | 3.16 | In |
Put | AA Option Put 13-12-2024 44 | 60 | 2024-12-13 | 2.98 - 3.75 | 3.32 | In |
Put | AA Option Put 13-12-2024 45 | 246 | 2024-12-13 | 3.85 - 5.0 | 3.75 | In |
Put | AA Option Put 13-12-2024 45 | 150 | 2024-12-13 | 4.05 - 5.5 | 4.75 | In |
Put | AA Option Put 13-12-2024 46 | 140 | 2024-12-13 | 4.8 - 6.0 | 4.66 | In |
Put | AA Option Put 13-12-2024 46 | 30 | 2024-12-13 | 5.05 - 6.4 | 3.38 | In |
Put | AA Option Put 13-12-2024 47 | 121 | 2024-12-13 | 5.3 - 6.0 | 6.03 | In |
Put | AA Option Put 13-12-2024 47 | 93 | 2024-12-13 | 5.45 - 7.5 | 4.25 | In |
Put | AA Option Put 13-12-2024 48 | 43 | 2024-12-13 | 6.75 - 7.95 | 6.6 | In |
Put | AA Option Put 13-12-2024 48 | 19 | 2024-12-13 | 6.45 - 8.4 | 2.67 | In |
Put | AA Option Put 13-12-2024 49 | 11 | 2024-12-13 | 7.6 - 8.3 | 3.4 | In |
Put | AA Option Put 13-12-2024 50 | 1 | 2024-12-13 | 8.45 - 9.8 | 6.5 | In |
Put | AA Option Put 13-12-2024 52 | 2 | 2024-12-13 | 10.5 - 11.35 | 7.95 | In |
Put | AA Option Put 13-12-2024 55 | 0 | 2024-12-13 | 13.45 - 14.55 | 9.0 | In |
Alcoa Total Stockholder Equity
Total Stockholder Equity |
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Alcoa Corp Corporate Directors
| Carol Roberts | Independent Director | Profile | |
| James Hughes | Independent Director | Profile | |
| Kathryn Fuller | Independent Director | Profile | |
| Mary Citrino | Independent Director | Profile |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Metals & Mining 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 Alcoa Corp. If investors know Alcoa 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 Alcoa Corp 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 0.81 | Dividend Share 0.4 | Earnings Share (1.56) | Revenue Per Share 57.238 | Quarterly Revenue Growth 0.116 |
The market value of Alcoa Corp is measured differently than its book value, which is the value of Alcoa that is recorded on the company's balance sheet. Investors also form their own opinion of Alcoa Corp's value that differs from its market value or its book value, called intrinsic value, which is Alcoa Corp'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 Alcoa Corp's market value can be influenced by many factors that don't directly affect Alcoa Corp'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 Alcoa Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alcoa Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alcoa Corp'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.