CNX241220C00037000 Option on CNX Resources Corp
| CNX Stock | USD 33.12 4.20 11.25% |
CNX Resources' latest option contracts expiring on January 17th 2025 are carrying combined implied volatility of 0.7 with a put-to-call open interest ratio of 0.31 over 23 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
CNX Resources 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 CNX Resources' lending market. For example, when CNX Resources' 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 CNX Resources, he or she must hedge the risk by shorting CNX Resources stock over its option's life.
2025-01-17
The chart above shows CNX Resources' 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. CNX Resources' open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for CNX Resources' option, there is no secondary market available for investors to trade.
CNX Resources Maximum Pain Price Across 2025-01-17 Option Contracts
Max pain occurs when CNX Resources' market makers reach a net positive position across all CNX Resources' options at a strike price where option holders stand to lose the most money. By contrast, CNX Resources' 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 CNX Resources
Analyzing CNX Resources' in-the-money options over time can help investors to take a profitable long position in CNX Resources regardless of its overall volatility. This is especially true when CNX Resources' options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money CNX Resources' options could be used as guardians of the underlying stock as they move almost dollar for dollar with CNX Resources' stock while costing only a fraction of its price.
CNX Current Options Market Mood
CNX Resources' 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 CNX 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 CNX Resources' calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. CNX Resources' 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 CNX contract
Base on the Rule 16, the options market is currently suggesting that CNX Resources Corp will have an average daily up or down price movement of about 0.0438% per day over the life of the 2025-01-17 option contract. With CNX Resources trading at USD 33.12, that is roughly USD 0.0145. If you think that the market is fully incorporating CNX Resources' daily price movement you should consider buying CNX Resources Corp options at the current volatility level of 0.7%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
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Purchasing CNX Resources 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" CNX calls. Remember, the seller must deliver CNX Resources Corp stock to the call owner when a call is exercised.
CNX Resources Option Chain
When CNX Resources' strike price is surpassing the current stock price, the option contract against CNX Resources 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.
CNX Resources' option chain is a display of a range of information that helps investors for ways to trade options on CNX. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for CNX. It also shows strike prices and maturity days for a CNX Resources 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 | CNX250117C00003000 | 0 | 3.0 | 18.8 - 19.7 | 18.8 | |
Call | CNX250117C00005000 | 10 | 5.0 | 16.9 - 17.5 | 16.9 | Out |
Call | CNX250117C00008000 | 0 | 8.0 | 13.9 - 14.8 | 13.9 | |
Call | CNX250117C00010000 | 0 | 10.0 | 12.3 - 13.0 | 12.3 | |
Call | CNX250117C00013000 | 27 | 13.0 | 10.1 - 10.6 | 10.1 | Out |
Call | CNX250117C00015000 | 23 | 15.0 | 8.6 - 9.0 | 8.6 | Out |
Call | CNX250117C00017000 | 35 | 17.0 | 7.1 - 7.4 | 7.1 | Out |
Call | CNX250117C00020000 | 29 | 20.0 | 5.3 - 5.5 | 5.3 | Out |
Call | CNX250117C00022000 | 22 | 22.0 | 4.2 - 4.4 | 4.2 | Out |
Call | CNX250117C00025000 | 1482 | 25.0 | 2.9 - 3.1 | 2.9 | Out |
Call | CNX250117C00027000 | 19 | 27.0 | 2.2 - 2.4 | 2.2 | Out |
Call | CNX250117C00030000 | 136 | 30.0 | 1.35 - 1.6 | 1.35 | Out |
Call | CNX250117C00035000 | 101 | 35.0 | 0.65 - 0.8 | 0.65 | Out |
Put | CNX250117P00003000 | 0 | 3.0 | 0.0 - 0.25 | 0.25 | |
Put | CNX250117P00005000 | 0 | 5.0 | 0.0 - 1.4 | 1.4 | |
Put | CNX250117P00008000 | 0 | 8.0 | 0.0 - 1.5 | 1.5 | |
Put | CNX250117P00010000 | 45 | 10.0 | 0.0 - 1.55 | 1.55 | Out |
Put | CNX250117P00013000 | 100 | 13.0 | 0.4 - 0.55 | 0.4 | Out |
Put | CNX250117P00015000 | 327 | 15.0 | 0.7 - 0.85 | 0.7 | Out |
Put | CNX250117P00017000 | 12 | 17.0 | 1.1 - 1.25 | 1.1 | Out |
Put | CNX250117P00020000 | 88 | 20.0 | 2.05 - 2.15 | 2.05 | Out |
Put | CNX250117P00022000 | 0 | 22.0 | 2.85 - 3.0 | 2.85 | |
Put | CNX250117P00025000 | 15 | 25.0 | 4.5 - 4.6 | 4.5 | Out |
CNX Resources Market Cap Over Time
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| Timeline |
CNX Total Stockholder Equity
Total Stockholder Equity |
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CNX Resources Corporate Directors
| Bernard Lanigan | Independent Director | Profile | |
| Ian McGuire | Independent Director | Profile | |
| Tyler Lewis | Director - Investor Relations | Profile | |
| William Davis | Independent Director | Profile |
Additional Tools for CNX Stock Analysis
When running CNX Resources' price analysis, check to measure CNX Resources' 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 CNX Resources is operating at the current time. Most of CNX Resources' value examination focuses on studying past and present price action to predict the probability of CNX Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CNX Resources' price. Additionally, you may evaluate how the addition of CNX Resources to your portfolios can decrease your overall portfolio volatility.