CALM240517P00052500 Option on Cal Maine Foods
| CALM Stock | USD 60.53 0.18 0.30% |
Cal Maine's option chain provides insight into all available option contracts written on Cal Maine's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Cal Maine's stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given Cal option contract.
In The Money vs. Out of Money Option Contracts on Cal Maine
Analyzing Cal Maine's in-the-money options over time can help investors to take a profitable long position in Cal Maine regardless of its overall volatility. This is especially true when Cal Maine's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Cal Maine's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Cal Maine's stock while costing only a fraction of its price.
Cal Maine's latest option contracts expiring on 2024-06-21 are carrying combined implied volatility of 30.93 with a put-to-call open interest ratio of 1.48 over 42 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on 2024-06-21. The current put volume is at 48, with calls trading at the volume of 12. This yields a 4.0 put-to-call volume ratio. The Cal Maine option chain provides detailed quote and price information for the current Cal Maine Foods option contracts. It shows all of Cal Maine's listed puts, calls, expiration dates, strike prices, and other pricing information.
Open Interest Against 2024-06-21 Option Contracts
Cal Maine option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Cal Maine's lending market. For example, when Cal Maine's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Cal Maine, he or she must hedge the risk by shorting Cal Maine stock over its option's life.
2024-06-21
The chart above shows Cal Maine'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. Cal Maine's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Cal Maine's option, there is no secondary market available for investors to trade.
Cal Maine Maximum Pain Price across 2024-06-21 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 Cal Maine close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. 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, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Cal Maine's stock options are financial instruments that give investors the right to buy or sell shares of Cal Maine Foods common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Cal stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Cal Maine's stock price goes up or down, the stock options follow.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cal Maine Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. Please note that buying 'in-the-money' options on Cal Maine lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Cal Maine's value remains static through the expiration date, the investor can sell to close an 'in-the-money' option to avoid a potential loss. However, in-the-money Cal Maine contracts are usually more expensive to enter than their out-of-the-money counterparts. So keep in mind that while the payoffs on an in-the-money trade can be high, the investors could ultimately experience a more consequential loss if Cal Stock moves the wrong way.
At this time, Cal Maine's Total Stockholder Equity is very stable compared to the past year. As of the 30th of May 2024, Common Stock Shares Outstanding is likely to grow to about 45.2 M, while Common Stock is likely to drop about 509.2 K. Cal Maine Foods In The Money Call Balance
When Cal Maine's strike price is surpassing the current stock price, the option contract against Cal Maine Foods stock is said to be in the money. When it comes to buying Cal Maine'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 Cal Maine Foods 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.
Cal Current Options Market Mood
Cal Maine'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 Cal 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 Cal Maine'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. Cal Maine'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. Using current Cal Maine's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.
Rule 16 of the current Cal contract
Base on the Rule 16, the options market is currently suggesting that Cal Maine Foods will have an average daily up or down price movement of about 1.93% per day over the life of the 2024-06-21 option contract. With Cal Maine trading at USD 60.53, that is roughly USD 1.17. If you think that the market is fully incorporating Cal Maine's daily price movement you should consider buying Cal Maine Foods options at the current volatility level of 30.93%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
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Purchasing Cal Maine 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" Cal calls. Remember, the seller must deliver Cal Maine Foods stock to the call owner when a call is exercised.
Cal Maine Option Chain
When Cal Maine's strike price is surpassing the current stock price, the option contract against Cal Maine Foods 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.
Cal Maine's option chain is a display of a range of information that helps investors for ways to trade options on Cal. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Cal. It also shows strike prices and maturity days for a Cal Maine 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. | Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Call | 2024-06-21 CALL at $30.0 | 0.9801 | 0.0136 | 0 | 2024-06-21 | 28.9 - 32.5 | 0.0 | In |
Call | 2024-06-21 CALL at $32.5 | 0.9596 | 0.0035 | 0 | 2024-06-21 | 27.0 - 29.9 | 0.0 | In |
Call | 2024-06-21 CALL at $35.0 | 0.9816 | 0.0025 | 0 | 2024-06-21 | 23.7 - 27.6 | 0.0 | In |
Call | 2024-06-21 CALL at $37.5 | 0.9585 | 0.0048 | 0 | 2024-06-21 | 21.7 - 25.0 | 0.0 | In |
Call | 2024-06-21 CALL at $40.0 | 0.8837 | 0.0077 | 0 | 2024-06-21 | 18.9 - 22.2 | 0.0 | In |
Call | 2024-06-21 CALL at $42.5 | 0.8706 | 0.0093 | 0 | 2024-06-21 | 16.3 - 19.7 | 0.0 | In |
Call | 2024-06-21 CALL at $45.0 | 0.9541 | 0.0084 | 2 | 2024-06-21 | 13.9 - 17.6 | 13.36 | In |
Call | 2024-06-21 CALL at $47.5 | 0.9398 | 0.0118 | 0 | 2024-06-21 | 11.7 - 14.9 | 0.0 | In |
Call | 2024-06-21 CALL at $50.0 | 0.9383 | 0.0154 | 0 | 2024-06-21 | 9.0 - 12.5 | 0.0 | In |
Call | 2024-06-21 CALL at $52.5 | 0.8959 | 0.025 | 3 | 2024-06-21 | 6.7 - 10.1 | 4.3 | In |
Call | 2024-06-21 CALL at $55.0 | 0.8218 | 0.0389 | 74 | 2024-06-21 | 3.9 - 6.2 | 6.0 | In |
Call | 2024-06-21 CALL at $57.5 | 0.7483 | 0.0645 | 132 | 2024-06-21 | 3.6 - 4.0 | 3.6 | In |
Call | 2024-06-21 CALL at $60.0 | 0.5624 | 0.0907 | 270 | 2024-06-21 | 1.9 - 2.1 | 1.8 | In |
Call | 2024-06-21 CALL at $62.5 | 0.3155 | 0.0935 | 176 | 2024-06-21 | 0.75 - 0.9 | 0.75 | Out |
Call | 2024-06-21 CALL at $65.0 | 0.1487 | 0.0577 | 51 | 2024-06-21 | 0.25 - 0.35 | 0.3 | Out |
Call | 2024-06-21 CALL at $67.5 | 0.0763 | 0.0318 | 5 | 2024-06-21 | 0.05 - 0.25 | 0.08 | Out |
Call | 2024-06-21 CALL at $70.0 | 0.0562 | 0.0209 | 8 | 2024-06-21 | 0.05 - 0.2 | 0.06 | Out |
Put | 2024-06-21 PUT at $50.0 | -0.0362 | 0.0119 | 5 | 2024-06-21 | 0.05 - 0.15 | 0.18 | Out |
Put | 2024-06-21 PUT at $52.5 | -0.0591 | 0.0206 | 72 | 2024-06-21 | 0.05 - 0.15 | 0.15 | Out |
Put | 2024-06-21 PUT at $55.0 | -0.0922 | 0.0366 | 115 | 2024-06-21 | 0.15 - 0.25 | 0.2 | Out |
Put | 2024-06-21 PUT at $57.5 | -0.2193 | 0.0699 | 567 | 2024-06-21 | 0.45 - 0.55 | 0.55 | Out |
Put | 2024-06-21 PUT at $60.0 | -0.4292 | 0.105 | 93 | 2024-06-21 | 1.15 - 1.3 | 1.35 | Out |
Put | 2024-06-21 PUT at $62.5 | -0.7072 | 0.1022 | 102 | 2024-06-21 | 2.45 - 2.65 | 2.6 | In |
Put | 2024-06-21 PUT at $65.0 | -0.9218 | 0.0478 | 101 | 2024-06-21 | 4.4 - 4.7 | 4.4 | In |
Put | 2024-06-21 PUT at $67.5 | -0.991 | 0.0058 | 0 | 2024-06-21 | 5.2 - 8.7 | 11.2 | In |
Put | 2024-06-21 PUT at $70.0 | -0.9452 | 0.0202 | 1 | 2024-06-21 | 8.0 - 11.1 | 10.1 | In |
Put | 2024-06-21 PUT at $75.0 | -0.9691 | 0.01 | 0 | 2024-06-21 | 12.7 - 16.3 | 0.0 | In |
Put | 2024-06-21 PUT at $80.0 | -0.9879 | 0.004 | 0 | 2024-06-21 | 17.6 - 21.3 | 0.0 | In |
Put | 2024-06-21 PUT at $85.0 | -0.9885 | 0.0032 | 0 | 2024-06-21 | 22.6 - 26.3 | 0.0 | In |
Put | 2024-06-21 PUT at $90.0 | -0.9768 | 0.0046 | 0 | 2024-06-21 | 27.6 - 31.4 | 0.0 | In |
Cal Maine Total Stockholder Equity Over Time
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders. Total Stockholder Equity |
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Cal Maine Common Stock Shares Outstanding Over Time
The total number of shares of a company's common stock that are currently owned by all its shareholders. Common Stock Shares Outstanding |
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Cal Total Stockholder Equity
Total Stockholder Equity |
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Cal Maine Corporate Management
Elected by the shareholders, the Cal Maine's board of directors comprises two types of representatives: Cal Maine inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cal. The board's role is to monitor Cal Maine's management team and ensure that shareholders' interests are well served. Cal Maine's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cal Maine's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Robert Holladay | VP and General Counsel | Profile | |
| Matthew Glover | Vice Accounting | Profile | |
| JiaVonne Scott | VP Treasury | Profile | |
| Matt Glover | VP Accounting | Profile | |
| Charles Hardin | Executive Officer | Profile |
Already Invested in Cal Maine Foods?
The danger of trading Cal Maine Foods is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cal Maine is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cal Maine. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cal Maine Foods is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Cal Maine Foods is a strong investment it is important to analyze Cal Maine's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cal Maine's future performance. For an informed investment choice regarding Cal Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cal Maine Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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When running Cal Maine's price analysis, check to measure Cal Maine'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 Cal Maine is operating at the current time. Most of Cal Maine's value examination focuses on studying past and present price action to predict the probability of Cal Maine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cal Maine's price. Additionally, you may evaluate how the addition of Cal Maine to your portfolios can decrease your overall portfolio volatility.
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Is Cal Maine's industry 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 Cal Maine. If investors know Cal 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 Cal Maine 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 (0.55) | Dividend Share 1.879 | Earnings Share 5.64 | Revenue Per Share 48.755 | Quarterly Revenue Growth (0.29) |
The market value of Cal Maine Foods is measured differently than its book value, which is the value of Cal that is recorded on the company's balance sheet. Investors also form their own opinion of Cal Maine's value that differs from its market value or its book value, called intrinsic value, which is Cal Maine'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 Cal Maine's market value can be influenced by many factors that don't directly affect Cal Maine'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 Cal Maine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cal Maine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cal Maine'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.