CAL250117P00017500 Option on Continental
CAL Stock | USD 21.83 0.04 0.18% |
CAL250117P00017500 is a PUT option contract on Continental's common stock with a strick price of 17.5 expiring on 2025-01-17. The contract was not traded in recent days and, as of today, has 10 days remaining before the expiration. The option is currently trading at a bid price of $0.7, and an ask price of $3.5. The implied volatility as of the 7th of January is 10.0.
Continental |
When exercised, put options on Continental produce a short position in Continental Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Continental's downside price movement.
Rule 16 of 2025-01-17 Option Contract
The options market is anticipating that Caleres will have an average daily up or down price movement of about 0.0407% per day over the life of the option. With Continental trading at USD 21.83, that is roughly USD 0.008879. If you think that the market is fully understating Continental's daily price movement you should consider buying Caleres options at that current volatility level of 0.65%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on Continental
An 'Out of The Money' option on Continental has a strike price that Continental Stock has yet to reach, meaning the option has no intrinsic value. 'Out of The Money' options are usually less costly than 'In The Money' options, making them more desirable to traders with smaller amounts of capital. Some of the uses for Continental's 'Out of The Money' options include buying the options if you expect a big move in Continental's stock. Since 'Out of The Money' options have a lower up-front cost (i.e., no intrinsic value) than 'In The Money' options, buying it is a reasonable choice.
Put Contract Name | CAL250117P00017500 |
Expires On | 2025-01-17 |
Days Before Expriration | 10 |
Vega | 0.0705 |
Gamma | 0.010518 |
Theoretical Value | 2.1 |
Open Interest | 12 |
Strike Price | 17.5 |
Current Price Spread | 0.7 | 3.5 |
Rule 16 Daily Up or Down | USD 0.008879 |
Continental short PUT Option Greeks
Continental's Option Greeks for the contract ending on 2025-01-17 at a strike price of 17.5 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 Continental's option greeks, its implied volatility helps estimate the risk of Continental stock implied by the prices of the options on Continental's stock.
Delta | -0.136985 | |
Gamma | 0.010518 | |
Theta | -0.004196 | |
Vega | 0.0705 | |
Rho | -0.065332 |
Continental long PUT Option Payoff at expiration
Put options written on Continental grant holders of the option the right to sell a specified amount of Continental 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 Continental Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Continental is like buying insurance aginst Continental's downside shift.
Profit |
Continental Price At Expiration |
Continental short PUT Option Payoff at expiration
By selling Continental's put option, the investors signal their bearish sentiment. A short position in a put option written on Continental will generally make money when the underlying price is above the strike price. Therefore Continental's put payoff at expiration depends on where the Continental Stock price is relative to the put option strike price. The breakeven price of 15.4 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 Continental's price. Finally, at the strike price of 17.5, the payoff chart is constant and positive.
Profit |
Continental Price At Expiration |
Continental Available Put Options
Continental's option chain is a display of a range of information that helps investors for ways to trade options on Continental. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Continental. It also shows strike prices and maturity days for a Continental 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 | Strike Price | Current Spread | Last Price | |||
Put | CAL250117P00005000 | 0 | 5.0 | 0.0 - 0.3 | 0.3 | |
Put | CAL250117P00007500 | 0 | 7.5 | 0.0 - 5.0 | 5.0 | |
Put | CAL250117P00010000 | 0 | 10.0 | 0.0 - 5.0 | 5.0 | |
Put | CAL250117P00012500 | 50 | 12.5 | 0.0 - 5.0 | 5.0 | Out |
Put | CAL250117P00015000 | 13 | 15.0 | 0.4 - 2.7 | 0.4 | Out |
Put | CAL250117P00017500 | 12 | 17.5 | 0.7 - 3.5 | 0.7 | Out |
Put | CAL250117P00020000 | 47 | 20.0 | 1.1 - 2.8 | 1.1 | Out |
Put | CAL250117P00022500 | 55 | 22.5 | 2.25 - 3.3 | 2.25 | Out |
Put | CAL250117P00025000 | 357 | 25.0 | 2.4 - 4.6 | 2.4 | Out |
Put | CAL250117P00027500 | 1 | 27.5 | 2.0 - 6.1 | 3.2 | Out |
Put | CAL250117P00030000 | 348 | 30.0 | 5.2 - 7.2 | 5.2 | Out |
Put | CAL250117P00032500 | 73 | 32.5 | 5.6 - 8.3 | 5.6 | Out |
Put | CAL250117P00035000 | 48 | 35.0 | 7.0 - 11.2 | 7.0 | Out |
Continental Corporate Directors
Mahendra Gupta | Independent Director | Profile | |
Wenda Millard | Independent Director | Profile | |
Steven Korn | Independent Director | Profile | |
Ward Klein | Lead Independent Director | Profile |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Caleres. 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. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Specialty Retail 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 Continental. If investors know Continental 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 Continental 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 (0.10) | Earnings Share 4.49 | Revenue Per Share | Quarterly Revenue Growth (0.02) | Return On Assets |
The market value of Continental is measured differently than its book value, which is the value of Continental that is recorded on the company's balance sheet. Investors also form their own opinion of Continental's value that differs from its market value or its book value, called intrinsic value, which is Continental'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 Continental's market value can be influenced by many factors that don't directly affect Continental'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 Continental's value and its price as these two are different measures arrived at by different means. Investors typically determine if Continental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Continental'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.