Westlake Chemical Stock Options
| WLKP Stock | USD 23.52 0.16 0.68% |
Westlake Chemical's latest option contracts expiring on May 16th 2025 are carrying combined implied volatility of 0.71 with a put-to-call open interest ratio of 0.32 over 14 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 Westlake Chemical'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. Westlake Chemical's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Westlake Chemical's option, there is no secondary market available for investors to trade.
In The Money vs. Out of Money Option Contracts on Westlake Chemical
Analyzing Westlake Chemical's in-the-money options over time can help investors to take a profitable long position in Westlake Chemical regardless of its overall volatility. This is especially true when Westlake Chemical's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Westlake Chemical's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Westlake Chemical's stock while costing only a fraction of its price.
Westlake Chemical In The Money Call Balance
When Westlake Chemical's strike price is surpassing the current stock price, the option contract against Westlake Chemical Partners stock is said to be in the money. When it comes to buying Westlake Chemical'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 Westlake Chemical Partners 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.
Westlake Current Options Market Mood
Westlake Chemical'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 Westlake 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
Most options investors, including buyers and sellers of Westlake Chemical's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Westlake Chemical'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 Westlake contract
Base on the Rule 16, the options market is currently suggesting that Westlake Chemical Partners will have an average daily up or down price movement of about 0.0444% per day over the life of the 2025-05-16 option contract. With Westlake Chemical trading at USD 23.52, that is roughly USD 0.0104. If you think that the market is fully incorporating Westlake Chemical's daily price movement you should consider buying Westlake Chemical Partners options at the current volatility level of 0.71%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
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Purchasing Westlake Chemical 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" Westlake calls. Remember, the seller must deliver Westlake Chemical Partners stock to the call owner when a call is exercised.
Westlake Chemical Option Chain
When Westlake Chemical's strike price is surpassing the current stock price, the option contract against Westlake Chemical Partners 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.
Westlake Chemical's option chain is a display of a range of information that helps investors for ways to trade options on Westlake. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Westlake. It also shows strike prices and maturity days for a Westlake Chemical 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 | WLKP250516C00030000 | 0 | 30.0 | 0.0 - 0.3 | 0.3 | |
Call | WLKP250516C00025000 | 240 | 25.0 | 0.1 - 0.3 | 0.1 | Out |
Call | WLKP250516C00022500 | 18 | 22.5 | 0.0 - 3.2 | 2.0 | In |
Call | WLKP250516C00020000 | 0 | 20.0 | 2.15 - 5.9 | 2.15 | In |
Call | WLKP250516C00017500 | 0 | 17.5 | 5.2 - 8.3 | 5.2 | In |
Call | WLKP250516C00015000 | 0 | 15.0 | 7.5 - 10.7 | 7.5 | In |
Call | WLKP250516C00012500 | 0 | 12.5 | 10.1 - 13.2 | 10.1 | In |
Put | WLKP250516P00030000 | 0 | 30.0 | 6.1 - 9.3 | 6.1 | In |
Put | WLKP250516P00025000 | 8 | 25.0 | 1.05 - 4.9 | 2.0 | In |
Put | WLKP250516P00022500 | 54 | 22.5 | 0.3 - 0.55 | 0.4 | Out |
Put | WLKP250516P00020000 | 0 | 20.0 | 0.0 - 0.65 | 0.65 | |
Put | WLKP250516P00017500 | 0 | 17.5 | 0.0 - 0.7 | 0.7 | |
Put | WLKP250516P00015000 | 21 | 15.0 | 0.0 - 0.7 | 0.15 | Out |
Put | WLKP250516P00012500 | 0 | 12.5 | 0.0 - 0.7 | 0.7 |
Westlake Chemical Selling And Marketing Expenses Over Time
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Westlake Chemical Market Cap Over Time
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Westlake Total Stockholder Equity
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Westlake Chemical Corporate Management
| Benjamin Ederington | General Counsel of Westlake Chemical Partners GP LLC, VP of Westlake Chemical Partners GP LLC, Corporate Secretary of Westlake Chemical Partners GP LLC and Westlake Chemical Partners GP LLC | Profile | |
| Johnathan Zoeller | Chief Accounting Officer, Vice President of Westlake Chemical Partners GP LLC | Profile | |
| Benjamin JD | Gen Mat | Profile | |
| Randy Woelfel | Independent Director of Westlake Chemical Partners GP LLC | Profile | |
| G Finley | Independent Director of Westlake Chemical Partners GP LLC | Profile | |
| Andrew Kenner | Senior LLC | Profile |
Additional Tools for Westlake Stock Analysis
When running Westlake Chemical's price analysis, check to measure Westlake Chemical'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 Westlake Chemical is operating at the current time. Most of Westlake Chemical's value examination focuses on studying past and present price action to predict the probability of Westlake Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westlake Chemical's price. Additionally, you may evaluate how the addition of Westlake Chemical to your portfolios can decrease your overall portfolio volatility.