HMY250516P00011000 Option on Harmony Gold Mining
| HMY Stock | USD 9.56 0.35 3.80% |
Harmony Gold's latest option contracts expiring on 2024-12-20 are carrying combined implied volatility of 0.74 with a put-to-call open interest ratio of 0.01 over 22 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2024-12-20. The total put volume is at 30.0, with calls trading at the volume of 30.0. This yields a 0.23 put-to-call volume ratio.
Open Interest Against 2024-12-20 Option Contracts
Harmony Gold 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 Harmony Gold's lending market. For example, when Harmony Gold'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 Harmony Gold, he or she must hedge the risk by shorting Harmony Gold stock over its option's life.
2024-12-20
The chart above shows Harmony Gold'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. Harmony Gold's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Harmony Gold's option, there is no secondary market available for investors to trade.
In The Money vs. Out of Money Option Contracts on Harmony Gold
Analyzing Harmony Gold's in-the-money options over time can help investors to take a profitable long position in Harmony Gold regardless of its overall volatility. This is especially true when Harmony Gold's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Harmony Gold's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Harmony Gold's stock while costing only a fraction of its price.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmony Gold 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 population.
Harmony Gold Mining In The Money Call Balance
When Harmony Gold's strike price is surpassing the current stock price, the option contract against Harmony Gold Mining stock is said to be in the money. When it comes to buying Harmony Gold'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 Harmony Gold Mining 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.
Harmony Current Options Market Mood
Harmony Gold'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 Harmony 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 Harmony Gold's options investors are not very successful. Harmony Gold'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 Harmony contract
Base on the Rule 16, the options market is currently suggesting that Harmony Gold Mining will have an average daily up or down price movement of about 0.0463% per day over the life of the 2024-12-20 option contract. With Harmony Gold trading at USD 9.56, that is roughly USD 0.004422. If you think that the market is fully incorporating Harmony Gold's daily price movement you should consider buying Harmony Gold Mining options at the current volatility level of 0.74%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Harmony |
Purchasing Harmony Gold 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" Harmony calls. Remember, the seller must deliver Harmony Gold Mining stock to the call owner when a call is exercised.
Harmony Gold Option Chain
When Harmony Gold's strike price is surpassing the current stock price, the option contract against Harmony Gold Mining 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.
Harmony Gold's option chain is a display of a range of information that helps investors for ways to trade options on Harmony. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Harmony. It also shows strike prices and maturity days for a Harmony Gold 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 | HMY Option Call 20-12-2024 5 | 1 | 2024-12-20 | 3.3 - 4.5 | 5.7 | In |
Call | HMY Option Call 20-12-2024 6 | 0 | 2024-12-20 | 0.0 - 0.0 | 3.38 | In |
Call | HMY Option Call 20-12-2024 7 | 0 | 2024-12-20 | 0.0 - 0.0 | 2.65 | In |
Call | HMY Option Call 20-12-2024 8 | 0 | 2024-12-20 | 0.0 - 0.0 | 1.2 | In |
Call | HMY Option Call 20-12-2024 9 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.52 | In |
Call | HMY Option Call 20-12-2024 10 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.07 | |
Call | HMY Option Call 20-12-2024 11 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.05 | |
Call | HMY Option Call 20-12-2024 12 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.01 | |
Call | HMY Option Call 20-12-2024 13 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.01 | |
Call | HMY Option Call 20-12-2024 14 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.01 | |
Call | HMY Option Call 20-12-2024 15 | 59 | 2024-12-20 | 0.0 - 0.75 | 0.06 | Out |
Call | HMY Option Call 20-12-2024 16 | 20 | 2024-12-20 | 0.0 - 0.75 | 0.04 | Out |
Call | HMY Option Call 20-12-2024 18 | 1 | 2024-12-20 | 0.0 - 0.75 | 0.2 | Out |
Put | HMY Option Put 20-12-2024 7 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.07 | |
Put | HMY Option Put 20-12-2024 8 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.05 | |
Put | HMY Option Put 20-12-2024 9 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.15 | |
Put | HMY Option Put 20-12-2024 10 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.8 | In |
Put | HMY Option Put 20-12-2024 11 | 0 | 2024-12-20 | 0.0 - 0.0 | 1.64 | In |
Put | HMY Option Put 20-12-2024 12 | 0 | 2024-12-20 | 0.0 - 0.0 | 3.13 | In |
Put | HMY Option Put 20-12-2024 13 | 1 | 2024-12-20 | 3.3 - 4.4 | 2.59 | In |
Put | HMY Option Put 20-12-2024 14 | 0 | 2024-12-20 | 0.0 - 0.0 | 5.14 | In |
Put | HMY Option Put 20-12-2024 15 | 0 | 2024-12-20 | 0.0 - 0.0 | 6.26 | In |
Harmony Total Stockholder Equity
Total Stockholder Equity |
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Harmony Gold Corporate Directors
| BA Ed | Executive Director | Profile | |
| Boipelo Lekubo | Finance Director, Executive Director | Profile | |
| Max Sisulu | Non-Executive Independent Director | Profile | |
| Joaquim Chissano | Non-Executive Independent Director | Profile |
Additional Tools for Harmony Stock Analysis
When running Harmony Gold's price analysis, check to measure Harmony Gold'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 Harmony Gold is operating at the current time. Most of Harmony Gold's value examination focuses on studying past and present price action to predict the probability of Harmony Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmony Gold's price. Additionally, you may evaluate how the addition of Harmony Gold to your portfolios can decrease your overall portfolio volatility.