Hanover Insurance Stock Options
| THG Stock | USD 160.99 0.83 0.51% |
Hanover Insurance's latest option contracts expiring on May 16th 2025 are carrying combined implied volatility of 0.26 with a put-to-call open interest ratio of 0.38 over 20 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on May 16th 2025.
Open Interest Against May 16th 2025 Option Contracts
2025-05-16
The chart above shows Hanover Insurance'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. Hanover Insurance's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Hanover Insurance's option, there is no secondary market available for investors to trade.
Hanover Insurance Maximum Pain Price Across 2025-05-16 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 Hanover Insurance 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, Hanover Insurance'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 Hanover Insurance
Analyzing Hanover Insurance's in-the-money options over time can help investors to take a profitable long position in Hanover Insurance regardless of its overall volatility. This is especially true when Hanover Insurance's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Hanover Insurance's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Hanover Insurance's stock while costing only a fraction of its price.
Hanover Insurance In The Money Call Balance
When Hanover Insurance's strike price is surpassing the current stock price, the option contract against The Hanover Insurance stock is said to be in the money. When it comes to buying Hanover Insurance'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 The Hanover Insurance 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.
Hanover Current Options Market Mood
Hanover Insurance'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 Hanover 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 Hanover Insurance's options investors are not very successful. Hanover Insurance'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 Hanover contract
Base on the Rule 16, the options market is currently suggesting that The Hanover Insurance will have an average daily up or down price movement of about 0.0163% per day over the life of the 2025-05-16 option contract. With Hanover Insurance trading at USD 160.99, that is roughly USD 0.0262. If you think that the market is fully incorporating Hanover Insurance's daily price movement you should consider buying The Hanover Insurance options at the current volatility level of 0.26%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Hanover |
Purchasing Hanover Insurance 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" Hanover calls. Remember, the seller must deliver The Hanover Insurance stock to the call owner when a call is exercised.
Hanover Insurance Option Chain
When Hanover Insurance's strike price is surpassing the current stock price, the option contract against The Hanover Insurance 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.
Hanover Insurance's option chain is a display of a range of information that helps investors for ways to trade options on Hanover. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Hanover. It also shows strike prices and maturity days for a Hanover Insurance 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 | THG250516C00130000 | 0 | 130.0 | 30.5 - 35.5 | 30.5 | In |
Call | THG250516C00135000 | 0 | 135.0 | 26.0 - 31.0 | 26.0 | In |
Call | THG250516C00140000 | 0 | 140.0 | 21.5 - 26.5 | 21.5 | In |
Call | THG250516C00145000 | 0 | 145.0 | 17.0 - 22.0 | 17.0 | In |
Call | THG250516C00150000 | 0 | 150.0 | 12.5 - 17.5 | 12.5 | In |
Call | THG250516C00155000 | 15 | 155.0 | 9.0 - 12.0 | 9.5 | In |
Call | THG250516C00160000 | 7 | 160.0 | 6.7 - 8.6 | 5.3 | In |
Call | THG250516C00165000 | 29 | 165.0 | 4.2 - 5.7 | 2.9 | Out |
Call | THG250516C00170000 | 0 | 170.0 | 1.0 - 6.0 | 1.0 | |
Call | THG250516C00175000 | 43 | 175.0 | 1.25 - 2.35 | 1.8 | Out |
Put | THG250516P00130000 | 0 | 130.0 | 0.0 - 5.0 | 5.0 | |
Put | THG250516P00135000 | 0 | 135.0 | 0.0 - 5.0 | 5.0 | |
Put | THG250516P00140000 | 0 | 140.0 | 0.0 - 5.0 | 5.0 | |
Put | THG250516P00145000 | 0 | 145.0 | 0.0 - 5.0 | 5.0 | |
Put | THG250516P00150000 | 0 | 150.0 | 0.0 - 5.0 | 5.0 | |
Put | THG250516P00155000 | 35 | 155.0 | 2.85 - 4.2 | 4.4 | Out |
Put | THG250516P00160000 | 0 | 160.0 | 3.0 - 6.0 | 3.0 | |
Put | THG250516P00165000 | 1 | 165.0 | 5.5 - 8.5 | 5.5 | In |
Put | THG250516P00170000 | 0 | 170.0 | 8.5 - 13.5 | 8.5 | In |
Put | THG250516P00175000 | 0 | 175.0 | 12.0 - 17.0 | 12.0 | In |
Hanover Insurance Market Cap Over Time
Market Cap |
| Timeline |
Hanover Total Stockholder Equity
Total Stockholder Equity |
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Hanover Insurance Corporate Directors
| Martin Hughes | Independent Director | Profile | |
| Harriett Taggart | Independent Director | Profile | |
| Theodore Bunting | Independent Director | Profile | |
| Wendell Knox | Independent Director | Profile |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The Hanover Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Is Property & Casualty Insurance 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 Hanover Insurance. If investors know Hanover 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 Hanover Insurance 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 0.535 | Dividend Share 3.45 | Earnings Share 11.62 | Revenue Per Share | Quarterly Revenue Growth 0.036 |
The market value of Hanover Insurance is measured differently than its book value, which is the value of Hanover that is recorded on the company's balance sheet. Investors also form their own opinion of Hanover Insurance's value that differs from its market value or its book value, called intrinsic value, which is Hanover Insurance'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 Hanover Insurance's market value can be influenced by many factors that don't directly affect Hanover Insurance'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 Hanover Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hanover Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hanover Insurance'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.