Century Aluminum Stock Options
| CENX Stock | USD 17.29 0.64 3.57% |
Century Aluminum's latest option contracts expiring on January 17th 2025 are carrying combined implied volatility of 0.64 with a put-to-call open interest ratio of 0.05 over 20 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on January 17th 2025.
Open Interest Against January 17th 2025 Option Contracts
Century Aluminum option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Century Aluminum's lending market. For example, when Century Aluminum's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Century Aluminum, he or she must hedge the risk by shorting Century Aluminum stock over its option's life.
2025-01-17
The chart above shows Century Aluminum'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. Century Aluminum's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Century Aluminum's option, there is no secondary market available for investors to trade.
Century Aluminum Maximum Pain Price Across 2025-01-17 Option Contracts
Max pain occurs when Century Aluminum's market makers reach a net positive position across all Century Aluminum's options at a strike price where option holders stand to lose the most money. By contrast, Century Aluminum'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 Century Aluminum
Analyzing Century Aluminum's in-the-money options over time can help investors to take a profitable long position in Century Aluminum regardless of its overall volatility. This is especially true when Century Aluminum's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Century Aluminum's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Century Aluminum's stock while costing only a fraction of its price.
Century Current Options Market Mood
Century Aluminum'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 Century 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
Unfortunately, most Century Aluminum's options investors are not very successful. Century Aluminum'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 Century contract
Base on the Rule 16, the options market is currently suggesting that Century Aluminum will have an average daily up or down price movement of about 0.04% per day over the life of the 2025-01-17 option contract. With Century Aluminum trading at USD 17.29, that is roughly USD 0.006916. If you think that the market is fully incorporating Century Aluminum's daily price movement you should consider buying Century Aluminum options at the current volatility level of 0.64%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Century |
Purchasing Century Aluminum 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" Century calls. Remember, the seller must deliver Century Aluminum stock to the call owner when a call is exercised.
Century Aluminum Option Chain
When Century Aluminum's strike price is surpassing the current stock price, the option contract against Century Aluminum 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.
Century Aluminum's option chain is a display of a range of information that helps investors for ways to trade options on Century. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Century. It also shows strike prices and maturity days for a Century Aluminum 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 | |||
Call | CENX250117C00003000 | 3 | 3.0 | 4.2 - 4.5 | 4.2 | Out |
Call | CENX250117C00005000 | 1119 | 5.0 | 2.75 - 3.2 | 2.75 | Out |
Call | CENX250117C00007000 | 223 | 7.0 | 1.95 - 2.2 | 2.25 | Out |
Call | CENX250117C00010000 | 225 | 10.0 | 1.15 - 1.3 | 1.25 | Out |
Call | CENX250117C00012000 | 88 | 12.0 | 0.8 - 0.95 | 0.8 | Out |
Call | CENX250117C00015000 | 1773 | 15.0 | 0.35 - 0.8 | 0.35 | Out |
Call | CENX250117C00020000 | 21 | 20.0 | 0.0 - 0.5 | 0.5 | Out |
Call | CENX250117C00025000 | 0 | 25.0 | 0.65 - 0.85 | 0.65 | |
Call | CENX250117C00030000 | 0 | 30.0 | 1.05 - 1.2 | 1.05 | |
Call | CENX250117C00035000 | 0 | 35.0 | 0.7 - 0.85 | 0.7 | |
Put | CENX250117P00003000 | 1 | 3.0 | 0.05 - 0.3 | 0.05 | Out |
Put | CENX250117P00005000 | 73 | 5.0 | 0.75 - 0.85 | 0.75 | Out |
Put | CENX250117P00007000 | 58 | 7.0 | 1.7 - 1.8 | 1.7 | Out |
Put | CENX250117P00010000 | 25 | 10.0 | 3.6 - 3.8 | 3.6 | Out |
Put | CENX250117P00012000 | 10 | 12.0 | 5.2 - 5.5 | 5.2 | Out |
Put | CENX250117P00015000 | 1 | 15.0 | 7.8 - 9.3 | 7.8 | Out |
Put | CENX250117P00020000 | 0 | 20.0 | 12.3 - 13.5 | 12.3 | |
Put | CENX250117P00025000 | 0 | 25.0 | 12.9 - 14.4 | 12.9 | |
Put | CENX250117P00030000 | 0 | 30.0 | 13.4 - 13.7 | 13.4 | |
Put | CENX250117P00035000 | 0 | 35.0 | 17.5 - 17.7 | 17.5 |
Century Aluminum Market Cap Over Time
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| Timeline |
Century Total Stockholder Equity
Total Stockholder Equity |
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Century Aluminum Corporate Management
| John JD | General VP | Profile | |
| Kenneth Calloway | Senior Resources | Profile | |
| Matthew Aboud | Senior Development | Profile | |
| Ryan Crawford | Financial Manager | Profile | |
| Theresa Brainerd | Global Controller | Profile | |
| Agust Hafberg | Senior Officer | Profile | |
| CPA BA | Sr Treasurer | Profile |
Additional Tools for Century Stock Analysis
When running Century Aluminum's price analysis, check to measure Century Aluminum'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 Century Aluminum is operating at the current time. Most of Century Aluminum's value examination focuses on studying past and present price action to predict the probability of Century Aluminum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Century Aluminum's price. Additionally, you may evaluate how the addition of Century Aluminum to your portfolios can decrease your overall portfolio volatility.