SHYF Option Call 20-12-2024 12 Option on Shyft Group
SHYF Stock | USD 14.26 0.03 0.21% |
SHYF Option Call 20-12-2024 12 is a CALL option contract on Shyft's common stock with a strick price of 12.5 expiring on 2024-12-20. The contract was last traded on 2024-10-28 at 09:37:08 for $1.35 and, as of today, has 22 days remaining before the expiration. The option is currently trading at a bid price of $0.65, and an ask price of $3.9. The implied volatility as of the 28th of November is 22.0.
Shyft |
Call options on Shyft give the investor right to buy Shyft Stock at a specified price within a specific period. If Shyft's price is above the strike price at expiry, the profit is the current Shyft's stock price, minus the strike price and the premium.
Rule 16 of 2024-12-20 Option Contract
The options market is anticipating that Shyft Group will have an average daily up or down price movement of about 0.0559% per day over the life of the option. With Shyft trading at USD 14.26, that is roughly USD 0.007973. If you think that the market is fully understating Shyft's daily price movement you should consider buying Shyft Group options at that current volatility level of 0.89%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Call Option on Shyft
An 'In The Money' option is one with a strike price that the current stock price has already surpassed. Some options investors can hedge their Shyft positions using in-the-money options. They may also want to buy options with some intrinsic value, not just time value. However, because in-the-money options on Shyft Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
Call Contract Name | SHYF Option Call 20-12-2024 12 |
Expires On | 2024-12-20 |
Days Before Expriration | 22 |
Last Traded On | 2024-10-28 09:37:08 |
Open Interest | 1 |
Strike Price | 12.5 |
Last Traded At | 1.35 |
Current Price Spread | 0.65 | 3.9 |
Rule 16 Daily Up or Down | USD 0.007973 |
Shyft long CALL Option Payoff at expiration
Buying Shyft's call option is the simplest of option trades. A call option on Shyft Stock gives investors the right (but not the obligation) to purchase Shyft at the given strike price. Therefore Shyft's call intrinsic value or payoff at expiration depends on where the Shyft Stock price is relative to the call option strike price. The strike price of 12.5 is the critical point that divides the payoff function into two parts. Below the strike, the payoff chart is constant and negative (the trade is a loss). Above the strike, the payoff line is upward sloping as the option payoff rises in proportion with Shyft's price. Finally, at the break-even point of 12.5, the line crosses zero, and trading Shyft becomes profitable.
Profit |
Shyft Price At Expiration |
Shyft short CALL Option Payoff at expiration
By selling Shyft's call option, the investors signals his or her bearish sentiment. A short position in a call option written on Shyft will generally make money when the underlying price goes down. Therefore Shyft's call intrinsic value or payoff at expiration depends on where the Shyft Stock price is relative to the call option strike price. The strike price of 12.5 is the critical point that divides the payoff function into two parts. Below the strike, the payoff chart is constant and positive (the seller makes a profit). Above the strike, the payoff line is downward sloping as the option payoff drops in proportion to Shyft's price. Finally, at the break-even point of 12.5, the line crosses zero, and trading Shyft becomes disadvantageous with no downside limits.
Profit |
Shyft Price At Expiration |
Shyft Group Available Call Options
Shyft's option chain is a display of a range of information that helps investors for ways to trade options on Shyft. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Shyft. It also shows strike prices and maturity days for a Shyft 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 | SHYF Option Call 20-12-2024 10 | 2 | 2024-12-20 | 3.8 - 6.1 | 2.9 | In |
Call | SHYF Option Call 20-12-2024 12 | 1 | 2024-12-20 | 0.65 - 3.9 | 1.35 | In |
Call | SHYF Option Call 20-12-2024 15 | 69 | 2024-12-20 | 0.0 - 2.15 | 0.25 | Out |
Call | SHYF Option Call 20-12-2024 17 | 4 | 2024-12-20 | 0.0 - 1.35 | 0.3 | Out |
Call | SHYF Option Call 20-12-2024 22 | 1 | 2024-12-20 | 0.0 - 0.75 | 0.3 | Out |
Shyft Corporate Management
Scott Ocholik | Chief VP | Profile | |
Samara Hamilton | VP Communications | Profile | |
Juris Pagrabs | Director Treasurer | Profile | |
Joshua Sherbin | Chief Secretary | Profile | |
Thomas Kivell | Consultant | Profile | |
Carrie Wright | Chief Officer | Profile | |
Todd Heavin | Chief Officer | Profile |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shyft Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Industrial Machinery & Supplies & Components 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 Shyft. If investors know Shyft 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 Shyft 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 (0.31) | Dividend Share 0.2 | Earnings Share (0.10) | Revenue Per Share 22.898 | Quarterly Revenue Growth (0.04) |
The market value of Shyft Group is measured differently than its book value, which is the value of Shyft that is recorded on the company's balance sheet. Investors also form their own opinion of Shyft's value that differs from its market value or its book value, called intrinsic value, which is Shyft'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 Shyft's market value can be influenced by many factors that don't directly affect Shyft'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 Shyft's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shyft is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shyft'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.