MUSA241220P00540000 Option on Murphy USA
| MUSA Stock | USD 548.53 8.52 1.58% |
Murphy USA's latest option contracts expiring on 2024-12-20 are carrying combined implied volatility of 0.7 with a put-to-call open interest ratio of 2.35 over 77 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on 2024-12-20. The total put volume is at 391, with calls trading at the volume of 391. This yields a 2.59 put-to-call volume ratio.
Open Interest Against 2024-12-20 Option Contracts
2024-12-20
The chart above shows Murphy USA'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. Murphy USA's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Murphy USA's option, there is no secondary market available for investors to trade.
Murphy USA Maximum Pain Price across 2024-12-20 Option Contracts
Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Murphy USA close to expiration to expire worthless. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, Murphy USA'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 Murphy USA
Analyzing Murphy USA's in-the-money options over time can help investors to take a profitable long position in Murphy USA regardless of its overall volatility. This is especially true when Murphy USA's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Murphy USA's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Murphy USA's stock while costing only a fraction of its price.
Murphy USA's stock options are financial instruments that give investors the right to buy or sell shares of Murphy USA common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Murphy stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Murphy USA's stock price goes up or down, the stock options follow.
At present, Murphy USA's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock Shares Outstanding is expected to grow to about 29.7 M, whereas Common Stock Total Equity is forecasted to decline to about 483.9 K. Murphy USA In The Money Call Balance
When Murphy USA's strike price is surpassing the current stock price, the option contract against Murphy USA stock is said to be in the money. When it comes to buying Murphy USA'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 Murphy USA 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.
Murphy Current Options Market Mood
Murphy USA'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 Murphy 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 Murphy USA's options investors are not very successful. Murphy USA'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 Murphy contract
Base on the Rule 16, the options market is currently suggesting that Murphy USA will have an average daily up or down price movement of about 0.0438% per day over the life of the 2024-12-20 option contract. With Murphy USA trading at USD 548.53, that is roughly USD 0.24. If you think that the market is fully incorporating Murphy USA's daily price movement you should consider buying Murphy USA 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.
Murphy |
Purchasing Murphy USA 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" Murphy calls. Remember, the seller must deliver Murphy USA stock to the call owner when a call is exercised.
Murphy USA Option Chain
When Murphy USA's strike price is surpassing the current stock price, the option contract against Murphy USA 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.
Murphy USA's option chain is a display of a range of information that helps investors for ways to trade options on Murphy. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Murphy. It also shows strike prices and maturity days for a Murphy USA 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 | MUSA Option Call 20-12-2024 185 | 1 | 2024-12-20 | 241.0 - 245.2 | 216.01 | In |
Call | MUSA Option Call 20-12-2024 210 | 1 | 2024-12-20 | 336.6 - 341.5 | 289.5 | In |
Call | MUSA Option Call 20-12-2024 230 | 2 | 2024-12-20 | 213.1 - 218.0 | 175.8 | In |
Call | MUSA Option Call 20-12-2024 240 | 1 | 2024-12-20 | 146.6 - 151.5 | 132.4 | In |
Call | MUSA Option Call 20-12-2024 250 | 3 | 2024-12-20 | 229.7 - 234.0 | 260.4 | In |
Call | MUSA Option Call 20-12-2024 270 | 1 | 2024-12-20 | 174.7 - 179.5 | 133.6 | In |
Call | MUSA Option Call 20-12-2024 280 | 1 | 2024-12-20 | 233.0 - 237.9 | 204.3 | In |
Call | MUSA Option Call 20-12-2024 290 | 2 | 2024-12-20 | 193.0 - 198.0 | 257.1 | In |
Call | MUSA Option Call 20-12-2024 300 | 2 | 2024-12-20 | 0.0 - 0.0 | 254.0 | In |
Call | MUSA Option Call 20-12-2024 320 | 2 | 2024-12-20 | 111.5 - 115.0 | 114.06 | In |
Call | MUSA Option Call 20-12-2024 340 | 1 | 2024-12-20 | 166.1 - 171.0 | 155.0 | In |
Call | MUSA Option Call 20-12-2024 350 | 4 | 2024-12-20 | 102.0 - 106.3 | 67.2 | In |
Call | MUSA Option Call 20-12-2024 360 | 3 | 2024-12-20 | 0.0 - 0.0 | 175.9 | In |
Call | MUSA Option Call 20-12-2024 370 | 3 | 2024-12-20 | 61.2 - 65.5 | 78.0 | In |
Call | MUSA Option Call 20-12-2024 380 | 0 | 2024-12-20 | 81.7 - 86.0 | 59.0 | In |
Call | MUSA Option Call 20-12-2024 390 | 4 | 2024-12-20 | 0.0 - 0.0 | 145.8 | In |
Call | MUSA Option Call 20-12-2024 400 | 7 | 2024-12-20 | 144.0 - 148.5 | 80.55 | In |
Call | MUSA Option Call 20-12-2024 410 | 2 | 2024-12-20 | 90.6 - 95.6 | 109.66 | In |
Call | MUSA Option Call 20-12-2024 420 | 0 | 2024-12-20 | 83.5 - 88.0 | 101.1 | In |
Call | MUSA Option Call 20-12-2024 430 | 2 | 2024-12-20 | 0.0 - 0.0 | 102.11 | In |
Call | MUSA Option Call 20-12-2024 440 | 4 | 2024-12-20 | 0.0 - 0.0 | 109.02 | In |
Call | MUSA Option Call 20-12-2024 450 | 17 | 2024-12-20 | 0.0 - 0.0 | 92.5 | In |
Call | MUSA Option Call 20-12-2024 460 | 17 | 2024-12-20 | 0.0 - 0.0 | 85.02 | In |
Call | MUSA Option Call 20-12-2024 470 | 15 | 2024-12-20 | 0.0 - 0.0 | 85.35 | In |
Call | MUSA Option Call 20-12-2024 480 | 24 | 2024-12-20 | 0.0 - 0.0 | 60.74 | In |
Call | MUSA Option Call 20-12-2024 490 | 5 | 2024-12-20 | 0.0 - 0.0 | 42.88 | In |
Call | MUSA Option Call 20-12-2024 500 | 11 | 2024-12-20 | 0.0 - 0.0 | 50.15 | In |
Call | MUSA Option Call 20-12-2024 510 | 7 | 2024-12-20 | 0.0 - 0.0 | 40.95 | In |
Call | MUSA Option Call 20-12-2024 520 | 6 | 2024-12-20 | 0.0 - 0.0 | 16.45 | In |
Call | MUSA Option Call 20-12-2024 530 | 13 | 2024-12-20 | 0.0 - 0.0 | 13.0 | In |
Call | MUSA Option Call 20-12-2024 540 | 58 | 2024-12-20 | 0.0 - 0.0 | 19.6 | In |
Call | MUSA Option Call 20-12-2024 560 | 6 | 2024-12-20 | 0.0 - 0.0 | 8.05 | Out |
Call | MUSA Option Call 20-12-2024 570 | 3 | 2024-12-20 | 0.0 - 0.0 | 2.4 | Out |
Call | MUSA Option Call 20-12-2024 580 | 6 | 2024-12-20 | 0.0 - 4.8 | 2.0 | Out |
Call | MUSA Option Call 20-12-2024 590 | 4 | 2024-12-20 | 0.0 - 0.0 | 1.4 | Out |
Call | MUSA Option Call 20-12-2024 600 | 2 | 2024-12-20 | 0.0 - 0.0 | 0.6 | Out |
Call | MUSA Option Call 20-12-2024 620 | 1 | 2024-12-20 | 2.5 - 7.1 | 1.45 | Out |
Call | MUSA Option Call 20-12-2024 640 | 2 | 2024-12-20 | 0.0 - 4.8 | 2.95 | Out |
Call | MUSA Option Call 20-12-2024 680 | 1 | 2024-12-20 | 0.0 - 4.8 | 3.0 | Out |
Call | MUSA Option Call 20-12-2024 720 | 2 | 2024-12-20 | 0.0 - 4.8 | 0.8 | Out |
Call | MUSA Option Call 20-12-2024 740 | 3 | 2024-12-20 | 0.0 - 0.0 | 0.15 | Out |
Put | MUSA Option Put 20-12-2024 160 | 1 | 2024-12-20 | 0.0 - 5.0 | 2.4 | Out |
Put | MUSA Option Put 20-12-2024 165 | 1 | 2024-12-20 | 0.0 - 4.4 | 2.6 | Out |
Put | MUSA Option Put 20-12-2024 230 | 43 | 2024-12-20 | 0.0 - 5.0 | 2.85 | Out |
Put | MUSA Option Put 20-12-2024 240 | 11 | 2024-12-20 | 0.0 - 4.8 | 0.04 | Out |
Put | MUSA Option Put 20-12-2024 260 | 0 | 2024-12-20 | 2.7 - 7.5 | 5.3 | |
Put | MUSA Option Put 20-12-2024 270 | 1 | 2024-12-20 | 10.1 - 11.4 | 14.16 | Out |
Put | MUSA Option Put 20-12-2024 280 | 28 | 2024-12-20 | 4.9 - 8.4 | 6.9 | Out |
Put | MUSA Option Put 20-12-2024 290 | 2 | 2024-12-20 | 0.0 - 4.8 | 1.45 | Out |
Put | MUSA Option Put 20-12-2024 300 | 3 | 2024-12-20 | 0.0 - 4.8 | 0.89 | Out |
Put | MUSA Option Put 20-12-2024 310 | 0 | 2024-12-20 | 0.0 - 0.0 | 2.38 | |
Put | MUSA Option Put 20-12-2024 320 | 0 | 2024-12-20 | 0.0 - 0.0 | 2.43 | |
Put | MUSA Option Put 20-12-2024 330 | 1 | 2024-12-20 | 4.5 - 9.4 | 7.8 | Out |
Put | MUSA Option Put 20-12-2024 340 | 64 | 2024-12-20 | 0.0 - 0.0 | 0.63 | Out |
Put | MUSA Option Put 20-12-2024 350 | 1 | 2024-12-20 | 0.1 - 5.0 | 2.27 | Out |
Put | MUSA Option Put 20-12-2024 370 | 49 | 2024-12-20 | 0.05 - 5.0 | 3.3 | Out |
Put | MUSA Option Put 20-12-2024 380 | 5 | 2024-12-20 | 3.6 - 8.5 | 10.9 | Out |
Put | MUSA Option Put 20-12-2024 390 | 13 | 2024-12-20 | 0.0 - 4.8 | 1.8 | Out |
Put | MUSA Option Put 20-12-2024 400 | 5 | 2024-12-20 | 0.7 - 5.0 | 4.8 | Out |
Put | MUSA Option Put 20-12-2024 410 | 1 | 2024-12-20 | 0.0 - 0.0 | 3.4 | Out |
Put | MUSA Option Put 20-12-2024 420 | 5 | 2024-12-20 | 0.0 - 0.0 | 4.4 | Out |
Put | MUSA Option Put 20-12-2024 440 | 2 | 2024-12-20 | 4.1 - 8.5 | 6.0 | Out |
Put | MUSA Option Put 20-12-2024 450 | 3 | 2024-12-20 | 0.0 - 0.0 | 0.75 | Out |
Put | MUSA Option Put 20-12-2024 460 | 1 | 2024-12-20 | 0.0 - 0.0 | 2.45 | Out |
Put | MUSA Option Put 20-12-2024 470 | 2 | 2024-12-20 | 0.0 - 0.0 | 1.96 | Out |
Put | MUSA Option Put 20-12-2024 480 | 9 | 2024-12-20 | 0.0 - 0.0 | 2.42 | Out |
Put | MUSA Option Put 20-12-2024 490 | 15 | 2024-12-20 | 0.0 - 0.0 | 4.0 | Out |
Put | MUSA Option Put 20-12-2024 500 | 24 | 2024-12-20 | 0.0 - 0.0 | 0.65 | Out |
Put | MUSA Option Put 20-12-2024 510 | 1 | 2024-12-20 | 0.0 - 0.0 | 6.1 | Out |
Put | MUSA Option Put 20-12-2024 520 | 6 | 2024-12-20 | 0.0 - 0.0 | 2.55 | Out |
Put | MUSA Option Put 20-12-2024 530 | 261 | 2024-12-20 | 0.0 - 0.0 | 8.8 | Out |
Put | MUSA Option Put 20-12-2024 540 | 14 | 2024-12-20 | 0.0 - 0.0 | 5.1 | Out |
Put | MUSA Option Put 20-12-2024 550 | 1 | 2024-12-20 | 0.0 - 0.0 | 12.75 | In |
Put | MUSA Option Put 20-12-2024 560 | 0 | 2024-12-20 | 19.8 - 24.0 | 37.9 | In |
Put | MUSA Option Put 20-12-2024 570 | 0 | 2024-12-20 | 0.0 - 0.0 | 17.0 | In |
Put | MUSA Option Put 20-12-2024 580 | 13 | 2024-12-20 | 0.0 - 0.0 | 47.0 | In |
Put | MUSA Option Put 20-12-2024 600 | 0 | 2024-12-20 | 118.0 - 122.1 | 82.2 | In |
Murphy Total Stockholder Equity
Total Stockholder Equity |
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Murphy USA Corporate Directors
| Jeanne Phillips | Independent Director | Profile | |
| Fredric Holliger | Independent Director | Profile | |
| David Miller | Independent Director | Profile | |
| James Keyes | Independent Director | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Murphy USA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. For information on how to trade Murphy Stock refer to our How to Trade Murphy Stock guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Automotive Retail 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 Murphy USA. If investors know Murphy 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 Murphy USA 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 (0.06) | Dividend Share 1.72 | Earnings Share 24.19 | Revenue Per Share 880.266 | Quarterly Revenue Growth (0.11) |
The market value of Murphy USA is measured differently than its book value, which is the value of Murphy that is recorded on the company's balance sheet. Investors also form their own opinion of Murphy USA's value that differs from its market value or its book value, called intrinsic value, which is Murphy USA'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 Murphy USA's market value can be influenced by many factors that don't directly affect Murphy USA'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 Murphy USA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Murphy USA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Murphy USA'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.