Cassava Sciences Stock Options
| SAVA Stock | USD 2.89 0.14 5.09% |
Cassava Sciences' latest option contracts expiring on January 10th 2025 are carrying combined implied volatility of 3.22 with a put-to-call open interest ratio of 0.72 over 20 outstanding agreements suggesting investors are buying slightly more calls than puts on contracts expiring on January 10th 2025. The total put volume is at 60.0, with calls trading at the volume of 43.0. This yields a 1.4 put-to-call volume ratio.
Open Interest Against January 10th 2025 Option Contracts
2025-01-10
The chart above shows Cassava Sciences' 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. Cassava Sciences' open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Cassava Sciences' option, there is no secondary market available for investors to trade.
In The Money vs. Out of Money Option Contracts on Cassava Sciences
Analyzing Cassava Sciences' in-the-money options over time can help investors to take a profitable long position in Cassava Sciences regardless of its overall volatility. This is especially true when Cassava Sciences' options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Cassava Sciences' options could be used as guardians of the underlying stock as they move almost dollar for dollar with Cassava Sciences' stock while costing only a fraction of its price.
Cassava Sciences' stock options are financial instruments that give investors the right to buy or sell shares of Cassava Sciences common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Cassava stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Cassava Sciences' stock price goes up or down, the stock options follow.
At present, Cassava Sciences' Common Stock Shares Outstanding is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 625.7 M, whereas Total Stockholder Equity is forecasted to decline to about 80.1 M. Cassava Sciences In The Money Call Balance
When Cassava Sciences' strike price is surpassing the current stock price, the option contract against Cassava Sciences stock is said to be in the money. When it comes to buying Cassava Sciences' 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 Cassava Sciences 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.
Cassava Current Options Market Mood
Cassava Sciences' 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 Cassava 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 Cassava Sciences' options investors are not very successful. Cassava Sciences' 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 Cassava contract
Base on the Rule 16, the options market is currently suggesting that Cassava Sciences will have an average daily up or down price movement of about 0.2% per day over the life of the 2025-01-10 option contract. With Cassava Sciences trading at USD 2.89, that is roughly USD 0.005816. If you think that the market is fully incorporating Cassava Sciences' daily price movement you should consider buying Cassava Sciences options at the current volatility level of 3.22%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Cassava |
Purchasing Cassava Sciences 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" Cassava calls. Remember, the seller must deliver Cassava Sciences stock to the call owner when a call is exercised.
Cassava Sciences Option Chain
When Cassava Sciences' strike price is surpassing the current stock price, the option contract against Cassava Sciences 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.
Cassava Sciences' option chain is a display of a range of information that helps investors for ways to trade options on Cassava. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Cassava. It also shows strike prices and maturity days for a Cassava Sciences 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 | SAVA250110C00001000 | 11 | 1.0 | 1.62 - 2.21 | 1.97 | In |
Call | SAVA250110C00001500 | 0 | 1.5 | 0.0 - 4.95 | 4.95 | In |
Call | SAVA250110C00002000 | 5 | 2.0 | 1.0 - 1.35 | 1.5 | In |
Call | SAVA250110C00002500 | 0 | 2.5 | 0.0 - 2.83 | 2.83 | In |
Call | SAVA250110C00003000 | 12 | 3.0 | 0.34 - 0.56 | 0.6 | Out |
Call | SAVA250110C00004000 | 94 | 4.0 | 0.2 - 0.33 | 0.23 | Out |
Call | SAVA250110C00005000 | 58 | 5.0 | 0.07 - 0.22 | 0.11 | Out |
Call | SAVA250110C00006000 | 20 | 6.0 | 0.0 - 0.17 | 0.41 | Out |
Call | SAVA250110C00007000 | 0 | 7.0 | 0.0 - 0.16 | 0.16 | |
Call | SAVA250110C00008000 | 6 | 8.0 | 0.0 - 0.14 | 0.09 | Out |
Put | SAVA250110P00001000 | 10 | 1.0 | 0.0 - 0.35 | 0.05 | Out |
Put | SAVA250110P00001500 | 0 | 1.5 | 0.0 - 2.17 | 2.17 | |
Put | SAVA250110P00002000 | 92 | 2.0 | 0.0 - 0.18 | 0.15 | Out |
Put | SAVA250110P00002500 | 2 | 2.5 | 0.0 - 2.6 | 0.22 | Out |
Put | SAVA250110P00003000 | 12 | 3.0 | 0.48 - 0.69 | 0.57 | In |
Put | SAVA250110P00004000 | 1 | 4.0 | 1.25 - 1.4 | 1.12 | In |
Put | SAVA250110P00005000 | 3 | 5.0 | 1.94 - 2.46 | 2.23 | In |
Put | SAVA250110P00006000 | 12 | 6.0 | 2.96 - 3.55 | 3.16 | In |
Put | SAVA250110P00007000 | 12 | 7.0 | 3.7 - 4.55 | 4.05 | In |
Put | SAVA250110P00008000 | 4 | 8.0 | 5.0 - 5.4 | 4.6 | In |
Cassava Sciences Market Cap Over Time
Market Cap |
| Timeline |
Cassava Total Stockholder Equity
Total Stockholder Equity |
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Cassava Sciences Corporate Management
| Christopher JD | Company VP | Profile | |
| James MD | Chief Officer | Profile | |
| Michael Zamloot | Senior Operations | Profile | |
| Jaren Landen | Chief Officer | Profile | |
| Michael PharmD | Senior Affairs | Profile | |
| Lindsay Burns | Senior Neuroscience | Profile |
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Is Pharmaceuticals 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 Cassava Sciences. If investors know Cassava 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 Cassava Sciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Cassava Sciences is measured differently than its book value, which is the value of Cassava that is recorded on the company's balance sheet. Investors also form their own opinion of Cassava Sciences' value that differs from its market value or its book value, called intrinsic value, which is Cassava Sciences' 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 Cassava Sciences' market value can be influenced by many factors that don't directly affect Cassava Sciences' 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 Cassava Sciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cassava Sciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cassava Sciences' 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.