2024-05-17 CALL at $64.62 Option on Fastenal
| FAST Stock | USD 66.42 0.39 0.58% |
2024-05-17 CALL at $64.62 is a CALL option contract on Fastenal's common stock with a strick price of 64.62 expiring on 2024-05-17. The contract was last traded on 2024-05-16 at 14:30:29 for $2.32 and, as of today, has 0 days remaining before the expiration. The option is currently trading at a bid price of $0.8, and an ask price of $2.85. The implied volatility as of the 17th of May 2024 is 56.8.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fastenal Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Fastenal |
Call options on Fastenal give the investor right to buy Fastenal Stock at a specified price within a specific period. The strike price represents the predetermined price at which a call buyer can buy Fastenal Stock. Call options may be purchased for speculation or sold for income purposes, or simply combined for various spread or combination strategies. If Fastenal's price is above the strike price at expiry, the profit is the current Fastenal's stock price, minus the strike price and the premium.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that Fastenal Company will have an average daily up or down price movement of about 3.55% per day over the life of the option. With Fastenal trading at USD 66.42, that is roughly USD 2.36. If you think that the market is fully understating Fastenal's daily price movement you should consider buying Fastenal Company options at that current volatility level of 56.8%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Call Option on Fastenal
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 Fastenal 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 Fastenal 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 | 2024-05-17 CALL at $64.62 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 0 |
| Last Traded On | 2024-05-16 14:30:29 |
| Contract Period | MONTHLY |
| Open Interest | 775 |
| Current Trading Volume | 8.0 |
| Strike Price | 64.62 |
| Last Traded At | 2.32 |
| Current Price Spread | 0.8 | 2.85 |
| Rule 16 Daily Up or Down | USD2.36 |
Fastenal short CALL Option Greeks
Fastenal's Option Greeks for the contract ending on 2024-05-17 at a strike price of 64.62 measures the various factors that affect its cost and calculated using a theoretical options pricing model. It helps investors make more informed decisions about whether to trade this option contract or when to trade it. In addition to Fastenal's option greeks, its implied volatility helps estimate the risk of Fastenal stock implied by the prices of the options on Fastenal's stock.
| Delta | 0.8742 | |
| Gamma | 0.1048 | |
| Theta | -0.2113 | |
| Vega | 0.0072 | |
| Rho | 0.0015 |
Fastenal long CALL Option Payoff at expiration
Buying Fastenal's call option is the simplest of option trades. A call option on Fastenal Stock gives investors the right (but not the obligation) to purchase Fastenal at the given strike price. Therefore Fastenal's call intrinsic value or payoff at expiration depends on where the Fastenal Stock price is relative to the call option strike price. The strike price of 64.62 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 Fastenal's price. Finally, at the break-even point of 66.94, the line crosses zero, and trading Fastenal becomes profitable.
Profit |
| Fastenal Price At Expiration |
Fastenal short CALL Option Payoff at expiration
By selling Fastenal's call option, the investors signals his or her bearish sentiment. A short position in a call option written on Fastenal will generally make money when the underlying price goes down. Therefore Fastenal's call intrinsic value or payoff at expiration depends on where the Fastenal Stock price is relative to the call option strike price. The strike price of 64.62 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 Fastenal's price. Finally, at the break-even point of 66.94, the line crosses zero, and trading Fastenal becomes disadvantageous with no downside limits.
Profit |
| Fastenal Price At Expiration |
Fastenal Available Call Options
Fastenal's option chain is a display of a range of information that helps investors for ways to trade options on Fastenal. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Fastenal. It also shows strike prices and maturity days for a Fastenal 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 | 2024-05-17 CALL at $29.62 | 0.9314 | 0.0027 | 0 | 2024-05-17 | 35.1 - 39.2 | 41.95 | In |
Call | 2024-05-17 CALL at $32.12 | 0.9246 | 0.0032 | 0 | 2024-05-17 | 32.6 - 36.7 | 0.0 | In |
Call | 2024-05-17 CALL at $34.62 | 0.9172 | 0.0038 | 0 | 2024-05-17 | 30.1 - 34.2 | 0.0 | In |
Call | 2024-05-17 CALL at $37.12 | 0.9092 | 0.0044 | 0 | 2024-05-17 | 27.6 - 31.7 | 0.0 | In |
Call | 2024-05-17 CALL at $39.62 | 0.9978 | 5.0E-4 | 0 | 2024-05-17 | 25.2 - 29.2 | 28.43 | In |
Call | 2024-05-17 CALL at $42.12 | 0.8907 | 0.0061 | 0 | 2024-05-17 | 22.4 - 26.7 | 0.0 | In |
Call | 2024-05-17 CALL at $44.62 | 0.8885 | 0.0072 | 0 | 2024-05-17 | 20.0 - 23.9 | 23.32 | In |
Call | 2024-05-17 CALL at $47.12 | 0.8673 | 0.0085 | 0 | 2024-05-17 | 17.6 - 21.7 | 0.0 | In |
Call | 2024-05-17 CALL at $49.62 | 0.9004 | 0.0102 | 0 | 2024-05-17 | 15.5 - 18.1 | 0.0 | In |
Call | 2024-05-17 CALL at $52.12 | 0.8361 | 0.0123 | 0 | 2024-05-17 | 12.4 - 16.7 | 11.15 | In |
Call | 2024-05-17 CALL at $54.62 | 0.9785 | 0.0075 | 0 | 2024-05-17 | 10.4 - 14.1 | 13.27 | In |
Call | 2024-05-17 CALL at $57.12 | 0.8075 | 0.02 | 61 | 2024-05-17 | 7.8 - 11.3 | 11.49 | In |
Call | 2024-05-17 CALL at $59.62 | 0.9671 | 0.0174 | 0 | 2024-05-17 | 5.4 - 9.1 | 8.0 | In |
Call | 2024-05-17 CALL at $62.12 | 0.9922 | 0.0105 | 272 | 2024-05-17 | 2.8 - 6.6 | 5.95 | In |
Call | 2024-05-17 CALL at $64.62 | 0.8742 | 0.1048 | 775 | 2024-05-17 | 0.8 - 2.85 | 2.32 | In |
Call | 2024-05-17 CALL at $67.12 | 0.3317 | 0.5259 | 1973 | 2024-05-17 | 0.05 - 0.2 | 0.15 | Out |
Call | 2024-05-17 CALL at $69.62 | 0.0455 | 0.0593 | 1481 | 2024-05-17 | 0.0 - 0.05 | 0.03 | Out |
Call | 2024-05-17 CALL at $74.62 | 0.0225 | 0.0147 | 1758 | 2024-05-17 | 0.0 - 0.05 | 0.03 | Out |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Fastenal without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Already Invested in Fastenal Company?
The danger of trading Fastenal Company 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 Fastenal 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 Fastenal. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Fastenal 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 Fastenal is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Fastenal Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Fastenal Company Stock. Highlighted below are key reports to facilitate an investment decision about Fastenal Company Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fastenal Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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When running Fastenal's price analysis, check to measure Fastenal'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 Fastenal is operating at the current time. Most of Fastenal's value examination focuses on studying past and present price action to predict the probability of Fastenal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fastenal's price. Additionally, you may evaluate how the addition of Fastenal to your portfolios can decrease your overall portfolio volatility.
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Is Fastenal'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 Fastenal. If investors know Fastenal 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 Fastenal 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 0.006 | Dividend Share 1.44 | Earnings Share 2.02 | Revenue Per Share 12.915 | Quarterly Revenue Growth 0.019 |
The market value of Fastenal is measured differently than its book value, which is the value of Fastenal that is recorded on the company's balance sheet. Investors also form their own opinion of Fastenal's value that differs from its market value or its book value, called intrinsic value, which is Fastenal'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 Fastenal's market value can be influenced by many factors that don't directly affect Fastenal'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 Fastenal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fastenal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fastenal'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.