Murphy Oil Stock Options
| MUR Stock | USD 40.65 0.21 0.52% |
Murphy Oil's latest option contracts expiring on 2024-06-21 are carrying combined implied volatility of 36.56 with a put-to-call open interest ratio of 0.24 over 30 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2024-06-21. The Murphy Oil option chain provides detailed quote and price information for the current Murphy Oil option contracts. It shows all of Murphy Oil's listed puts, calls, expiration dates, strike prices, and other pricing information.
Open Interest Against 2024-06-21 Option Contracts
2024-06-21
The chart above shows Murphy Oil'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. Murphy Oil's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Murphy Oil's option, there is no secondary market available for investors to trade.
Murphy Oil 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 Murphy Oil 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.
Murphy Oil's option chain provides insight into all available option contracts written on Murphy Oil's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Murphy Oil'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 Murphy option contract.
In The Money vs. Out of Money Option Contracts on Murphy Oil
Analyzing Murphy Oil's in-the-money options over time can help investors to take a profitable long position in Murphy Oil regardless of its overall volatility. This is especially true when Murphy Oil's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Murphy Oil's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Murphy Oil's stock while costing only a fraction of its price.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Murphy Oil. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
Murphy Oil In The Money Call Balance
When Murphy Oil's strike price is surpassing the current stock price, the option contract against Murphy Oil stock is said to be in the money. When it comes to buying Murphy Oil'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 Murphy Oil 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.
Murphy Current Options Market Mood
Murphy Oil'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 Murphy 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 Murphy Oil'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. Murphy Oil'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 Murphy Oil'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 Murphy contract
Base on the Rule 16, the options market is currently suggesting that Murphy Oil will have an average daily up or down price movement of about 2.28% per day over the life of the 2024-06-21 option contract. With Murphy Oil trading at USD 40.65, that is roughly USD 0.93. If you think that the market is fully incorporating Murphy Oil's daily price movement you should consider buying Murphy Oil options at the current volatility level of 36.56%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
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Purchasing Murphy Oil 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" Murphy calls. Remember, the seller must deliver Murphy Oil stock to the call owner when a call is exercised.
Murphy Oil Option Chain
When Murphy Oil's strike price is surpassing the current stock price, the option contract against Murphy Oil 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.
Murphy Oil's option chain is a display of a range of information that helps investors for ways to trade options on Murphy. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Murphy. It also shows strike prices and maturity days for a Murphy Oil 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 $22.5 | 0.9618 | 0.0055 | 0 | 2024-06-21 | 16.2 - 20.2 | 0.0 | In |
Call | 2024-06-21 CALL at $25.0 | 0.9554 | 0.0074 | 0 | 2024-06-21 | 13.7 - 17.7 | 0.0 | In |
Call | 2024-06-21 CALL at $27.5 | 0.9411 | 0.0107 | 0 | 2024-06-21 | 12.4 - 14.1 | 0.0 | In |
Call | 2024-06-21 CALL at $30.0 | 0.8866 | 0.017 | 0 | 2024-06-21 | 9.9 - 12.4 | 0.0 | In |
Call | 2024-06-21 CALL at $32.5 | 0.884 | 0.0241 | 0 | 2024-06-21 | 7.7 - 9.2 | 0.0 | In |
Call | 2024-06-21 CALL at $35.0 | 0.8447 | 0.0381 | 0 | 2024-06-21 | 4.9 - 6.0 | 0.0 | In |
Call | 2024-06-21 CALL at $37.5 | 0.7594 | 0.0653 | 0 | 2024-06-21 | 2.85 - 4.5 | 0.0 | In |
Call | 2024-06-21 CALL at $40.0 | 0.6071 | 0.2046 | 33 | 2024-06-21 | 0.95 - 1.05 | 0.82 | In |
Call | 2024-06-21 CALL at $42.5 | 0.1542 | 0.1247 | 73 | 2024-06-21 | 0.1 - 0.2 | 0.15 | Out |
Call | 2024-06-21 CALL at $45.0 | 0.0484 | 0.0396 | 384 | 2024-06-21 | 0.0 - 0.1 | 0.05 | Out |
Put | 2024-06-21 PUT at $37.5 | -0.0898 | 0.0692 | 15 | 2024-06-21 | 0.05 - 0.15 | 0.15 | Out |
Put | 2024-06-21 PUT at $40.0 | -0.3851 | 0.2226 | 40 | 2024-06-21 | 0.4 - 0.55 | 0.8 | Out |
Put | 2024-06-21 PUT at $42.5 | -0.8167 | 0.1242 | 95 | 2024-06-21 | 1.4 - 2.25 | 2.58 | In |
Put | 2024-06-21 PUT at $45.0 | -0.7793 | 0.0576 | 12 | 2024-06-21 | 4.4 - 5.9 | 5.15 | In |
Put | 2024-06-21 PUT at $47.5 | -0.8242 | 0.0403 | 3 | 2024-06-21 | 6.9 - 8.3 | 4.51 | In |
Put | 2024-06-21 PUT at $50.0 | -0.8105 | 0.0313 | 0 | 2024-06-21 | 9.4 - 11.3 | 4.7 | In |
Put | 2024-06-21 PUT at $52.5 | -0.894 | 0.0234 | 0 | 2024-06-21 | 11.4 - 13.4 | 0.0 | In |
Put | 2024-06-21 PUT at $55.0 | -0.8519 | 0.0219 | 0 | 2024-06-21 | 14.3 - 16.2 | 0.0 | In |
Put | 2024-06-21 PUT at $60.0 | -0.8744 | 0.0169 | 0 | 2024-06-21 | 19.0 - 21.4 | 0.0 | In |
Murphy Oil Market Cap Over Time
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Murphy Total Stockholder Equity
Total Stockholder Equity |
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Murphy Oil Corporate Directors
| Robert Murphy | Independent Director | Profile | |
| Neal Schmale | Independent Director | Profile | |
| Robert Ryan | Independent Director | Profile | |
| James Kelley | Independent Director | Profile |
Additional Tools for Murphy Stock Analysis
When running Murphy Oil's price analysis, check to measure Murphy Oil'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 Murphy Oil is operating at the current time. Most of Murphy Oil's value examination focuses on studying past and present price action to predict the probability of Murphy Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Murphy Oil's price. Additionally, you may evaluate how the addition of Murphy Oil to your portfolios can decrease your overall portfolio volatility.