CI241206P00305000 Option on Cigna Corp
| CI Stock | USD 311.37 7.78 2.44% |
Cigna Corp's latest option contracts expiring on 2024-12-13 are carrying combined implied volatility of 0.14 with a put-to-call open interest ratio of 0.63 over 46 outstanding agreements suggesting investors are buying more calls than puts on contracts expiring on 2024-12-13. The total put volume is at 594, with calls trading at the volume of 594. This yields a 2.22 put-to-call volume ratio.
Open Interest Against 2024-12-13 Option Contracts
2024-12-13
The chart above shows Cigna 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. Cigna Corp's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Cigna Corp's option, there is no secondary market available for investors to trade.
In The Money vs. Out of Money Option Contracts on Cigna Corp
Analyzing Cigna Corp's in-the-money options over time can help investors to take a profitable long position in Cigna Corp regardless of its overall volatility. This is especially true when Cigna Corp's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Cigna Corp's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Cigna Corp's stock while costing only a fraction of its price.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cigna 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 gross domestic product.
Cigna Corp In The Money Call Balance
When Cigna Corp's strike price is surpassing the current stock price, the option contract against Cigna Corp stock is said to be in the money. When it comes to buying Cigna 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 Cigna 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.
Cigna Current Options Market Mood
Cigna 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 Cigna 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 Cigna 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. Cigna 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 Cigna contract
Base on the Rule 16, the options market is currently suggesting that Cigna Corp will have an average daily up or down price movement of about 0.00875% per day over the life of the 2024-12-13 option contract. With Cigna Corp trading at USD 311.37, that is roughly USD 0.0272. If you think that the market is fully incorporating Cigna Corp's daily price movement you should consider buying Cigna Corp options at the current volatility level of 0.14%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Cigna |
Purchasing Cigna 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" Cigna calls. Remember, the seller must deliver Cigna Corp stock to the call owner when a call is exercised.
Cigna Corp Option Chain
When Cigna Corp's strike price is surpassing the current stock price, the option contract against Cigna 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.
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Cigna Corp's option chain is a display of a range of information that helps investors for ways to trade options on Cigna. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Cigna. It also shows strike prices and maturity days for a Cigna 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 | CI Option Call 13-12-2024 275 | 0 | 2024-12-13 | 0.0 - 0.0 | 57.71 | In |
Call | CI Option Call 13-12-2024 295 | 0 | 2024-12-13 | 0.0 - 0.0 | 37.82 | In |
Call | CI Option Call 13-12-2024 315 | 20 | 2024-12-13 | 0.0 - 0.0 | 2.01 | Out |
Call | CI Option Call 13-12-2024 320 | 100 | 2024-12-13 | 0.0 - 0.0 | 0.81 | Out |
Call | CI Option Call 13-12-2024 322 | 58 | 2024-12-13 | 0.0 - 0.0 | 0.6 | Out |
Call | CI Option Call 13-12-2024 325 | 518 | 2024-12-13 | 0.0 - 0.0 | 0.55 | Out |
Call | CI Option Call 13-12-2024 327 | 75 | 2024-12-13 | 0.0 - 0.0 | 0.29 | Out |
Call | CI Option Call 13-12-2024 330 | 87 | 2024-12-13 | 0.0 - 0.0 | 0.15 | Out |
Call | CI Option Call 13-12-2024 332 | 19 | 2024-12-13 | 0.0 - 0.0 | 0.22 | Out |
Call | CI Option Call 13-12-2024 335 | 511 | 2024-12-13 | 0.0 - 0.0 | 0.29 | Out |
Call | CI Option Call 13-12-2024 337 | 40 | 2024-12-13 | 0.0 - 0.0 | 0.08 | Out |
Call | CI Option Call 13-12-2024 340 | 175 | 2024-12-13 | 0.0 - 0.0 | 0.05 | Out |
Call | CI Option Call 13-12-2024 342 | 7 | 2024-12-13 | 0.0 - 0.0 | 0.2 | Out |
Call | CI Option Call 13-12-2024 345 | 107 | 2024-12-13 | 0.0 - 0.0 | 0.03 | Out |
Call | CI Option Call 13-12-2024 350 | 20 | 2024-12-13 | 0.0 - 0.0 | 1.08 | Out |
Call | CI Option Call 13-12-2024 355 | 15 | 2024-12-13 | 0.0 - 0.0 | 0.48 | Out |
Call | CI Option Call 13-12-2024 360 | 8 | 2024-12-13 | 0.0 - 0.0 | 0.19 | Out |
Call | CI Option Call 13-12-2024 365 | 2 | 2024-12-13 | 0.0 - 0.0 | 2.1 | Out |
Call | CI Option Call 13-12-2024 370 | 1 | 2024-12-13 | 0.0 - 0.0 | 1.52 | Out |
Call | CI Option Call 13-12-2024 375 | 1 | 2024-12-13 | 0.0 - 0.0 | 1.03 | Out |
Call | CI Option Call 13-12-2024 380 | 1 | 2024-12-13 | 0.0 - 0.0 | 0.05 | Out |
Put | CI Option Put 13-12-2024 250 | 2 | 2024-12-13 | 0.0 - 0.0 | 0.38 | Out |
Put | CI Option Put 13-12-2024 270 | 31 | 2024-12-13 | 0.0 - 0.0 | 0.05 | Out |
Put | CI Option Put 13-12-2024 275 | 8 | 2024-12-13 | 0.0 - 0.0 | 0.05 | Out |
Put | CI Option Put 13-12-2024 285 | 13 | 2024-12-13 | 0.0 - 0.0 | 0.1 | Out |
Put | CI Option Put 13-12-2024 290 | 220 | 2024-12-13 | 0.0 - 0.0 | 0.09 | Out |
Put | CI Option Put 13-12-2024 295 | 5 | 2024-12-13 | 0.0 - 0.0 | 0.25 | Out |
Put | CI Option Put 13-12-2024 300 | 35 | 2024-12-13 | 0.0 - 0.0 | 0.4 | Out |
Put | CI Option Put 13-12-2024 302 | 74 | 2024-12-13 | 0.0 - 0.0 | 0.47 | Out |
Put | CI Option Put 13-12-2024 305 | 174 | 2024-12-13 | 0.0 - 0.0 | 0.85 | Out |
Put | CI Option Put 13-12-2024 307 | 114 | 2024-12-13 | 0.0 - 0.0 | 1.5 | Out |
Put | CI Option Put 13-12-2024 310 | 162 | 2024-12-13 | 0.0 - 0.0 | 2.22 | Out |
Put | CI Option Put 13-12-2024 312 | 72 | 2024-12-13 | 0.0 - 0.0 | 2.94 | In |
Put | CI Option Put 13-12-2024 315 | 44 | 2024-12-13 | 0.0 - 0.0 | 4.05 | In |
Put | CI Option Put 13-12-2024 317 | 27 | 2024-12-13 | 0.0 - 0.0 | 6.66 | In |
Put | CI Option Put 13-12-2024 320 | 78 | 2024-12-13 | 0.0 - 0.0 | 8.63 | In |
Put | CI Option Put 13-12-2024 322 | 6 | 2024-12-13 | 0.0 - 0.0 | 6.24 | In |
Put | CI Option Put 13-12-2024 325 | 10 | 2024-12-13 | 0.0 - 0.0 | 8.5 | In |
Put | CI Option Put 13-12-2024 327 | 6 | 2024-12-13 | 0.0 - 0.0 | 3.0 | In |
Put | CI Option Put 13-12-2024 330 | 14 | 2024-12-13 | 0.0 - 0.0 | 15.5 | In |
Put | CI Option Put 13-12-2024 332 | 1 | 2024-12-13 | 0.0 - 0.0 | 5.6 | In |
Put | CI Option Put 13-12-2024 335 | 1 | 2024-12-13 | 0.0 - 0.0 | 13.05 | In |
Put | CI Option Put 13-12-2024 337 | 10 | 2024-12-13 | 0.0 - 0.0 | 5.75 | In |
Put | CI Option Put 13-12-2024 340 | 0 | 2024-12-13 | 0.0 - 0.0 | 8.85 | In |
Put | CI Option Put 13-12-2024 345 | 0 | 2024-12-13 | 0.0 - 0.0 | 9.55 | In |
Put | CI Option Put 13-12-2024 350 | 0 | 2024-12-13 | 0.0 - 0.0 | 20.9 | In |
Cigna Total Stockholder Equity
Total Stockholder Equity |
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Cigna Corp Corporate Directors
| Donna Zarcone | Independent Director | Profile | |
| Eric Foss | Independent Director | Profile | |
| Roman Martinez | Independent Director | Profile | |
| John Partridge | Independent Director | Profile |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cigna 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 gross domestic product. For more detail on how to invest in Cigna Stock please use our How to Invest in Cigna Corp guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Health Care Providers & Services 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 Cigna Corp. If investors know Cigna 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 Cigna 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 (0.45) | Dividend Share 5.43 | Earnings Share 10.55 | Revenue Per Share 808.024 | Quarterly Revenue Growth 0.28 |
The market value of Cigna Corp is measured differently than its book value, which is the value of Cigna that is recorded on the company's balance sheet. Investors also form their own opinion of Cigna Corp's value that differs from its market value or its book value, called intrinsic value, which is Cigna 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 Cigna Corp's market value can be influenced by many factors that don't directly affect Cigna 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 Cigna Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cigna Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cigna 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.