HL250110C00006500 Option on Hecla Mining
HL Stock | USD 5.11 0.01 0.20% |
HL250110C00006500 is a PUT option contract on Hecla Mining's common stock with a strick price of 6.5 expiring on 2025-01-10. The contract was not traded in recent days and, as of today, has 3 days remaining before the expiration. The option is currently trading at a bid price of $0.07, and an ask price of $0.2. The implied volatility as of the 7th of January is 3.0.
Hecla |
When exercised, put options on Hecla Mining produce a short position in Hecla Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Hecla Mining's downside price movement.
Rule 16 of 2025-01-10 Option Contract
The options market is anticipating that Hecla Mining will have an average daily up or down price movement of about 0.0323% per day over the life of the option. With Hecla Mining trading at USD 5.11, that is roughly USD 0.001651. If you think that the market is fully understating Hecla Mining's daily price movement you should consider buying Hecla Mining options at that current volatility level of 0.52%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Call Option on Hecla Mining
An 'Out of The Money' option on Hecla has a strike price that Hecla 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 Hecla Mining's 'Out of The Money' options include buying the options if you expect a big move in Hecla Mining'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.
Call Contract Name | HL250110C00006500 |
Expires On | 2025-01-10 |
Days Before Expriration | 3 |
Delta | 0.202236 |
Vega | 0.005212 |
Gamma | 0.294646 |
Theoretical Value | 0.1 |
Open Interest | 10 |
Current Trading Volume | 47.0 |
Strike Price | 6.5 |
Last Traded At | 0.1 |
Current Price Spread | 0.07 | 0.2 |
Rule 16 Daily Up or Down | USD 0.001651 |
Hecla short PUT Option Greeks
Hecla Mining's Option Greeks for the contract ending on 2025-01-10 at a strike price of 6.5 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 Hecla Mining's option greeks, its implied volatility helps estimate the risk of Hecla Mining stock implied by the prices of the options on Hecla Mining's stock.
Delta | 0.202236 | |
Gamma | 0.294646 | |
Theta | -0.003386 | |
Vega | 0.005212 | |
Rho | 0.001142 |
Hecla long PUT Option Payoff at expiration
Put options written on Hecla Mining grant holders of the option the right to sell a specified amount of Hecla Mining 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 Hecla Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Hecla Mining is like buying insurance aginst Hecla Mining's downside shift.
Profit |
Hecla Mining Price At Expiration |
Hecla short PUT Option Payoff at expiration
By selling Hecla Mining's put option, the investors signal their bearish sentiment. A short position in a put option written on Hecla Mining will generally make money when the underlying price is above the strike price. Therefore Hecla Mining's put payoff at expiration depends on where the Hecla Stock price is relative to the put option strike price. The breakeven price of 6.6 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 Hecla Mining's price. Finally, at the strike price of 6.5, the payoff chart is constant and positive.
Profit |
Hecla Mining Price At Expiration |
Hecla Mining Available Call Options
Hecla Mining's option chain is a display of a range of information that helps investors for ways to trade options on Hecla. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Hecla. It also shows strike prices and maturity days for a Hecla Mining 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 | HL250110C00001500 | 0 | 1.5 | 3.65 - 4.85 | 3.65 | In |
Call | HL250110C00002000 | 0 | 2.0 | 3.0 - 5.65 | 3.0 | In |
Call | HL250110C00002500 | 0 | 2.5 | 2.65 - 3.45 | 2.65 | In |
Call | HL250110C00003000 | 0 | 3.0 | 2.18 - 2.98 | 2.18 | In |
Call | HL250110C00003500 | 0 | 3.5 | 1.9 - 2.55 | 1.9 | In |
Call | HL250110C00004000 | 0 | 4.0 | 1.48 - 2.06 | 1.48 | In |
Call | HL250110C00004500 | 0 | 4.5 | 0.61 - 3.2 | 0.61 | In |
Call | HL250110C00005000 | 0 | 5.0 | 0.0 - 2.35 | 2.35 | In |
Call | HL250110C00005500 | 0 | 5.5 | 0.31 - 0.63 | 0.31 | |
Call | HL250110C00006000 | 10 | 6.0 | 0.0 - 0.56 | 0.24 | Out |
Call | HL250110C00006500 | 10 | 6.5 | 0.07 - 0.2 | 0.1 | Out |
Hecla Mining Corporate Directors
Stephen Ralbovsky | Independent Director | Profile | |
George Johnson | Independent Director | Profile | |
Catherine Boggs | Independent Director | Profile | |
George Nethercutt | Independent Director | Profile |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hecla Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Hecla Stock please use our How to buy in Hecla Stock guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
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 Hecla Mining. If investors know Hecla 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 Hecla Mining 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 0.04 | Earnings Share (0.03) | Revenue Per Share | Quarterly Revenue Growth 0.347 |
The market value of Hecla Mining is measured differently than its book value, which is the value of Hecla that is recorded on the company's balance sheet. Investors also form their own opinion of Hecla Mining's value that differs from its market value or its book value, called intrinsic value, which is Hecla Mining'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 Hecla Mining's market value can be influenced by many factors that don't directly affect Hecla Mining'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 Hecla Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hecla Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hecla Mining'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.