AAP240517P00082000 Option on Advance Auto Parts
| AAP Stock | USD 64.56 0.71 1.09% |
Advance Auto's latest option contracts expiring on 2024-06-07 are carrying combined implied volatility of 72.98 with a put-to-call open interest ratio of 0.85 over 116 outstanding agreements suggesting investors are buying slightly more calls than puts on contracts expiring on 2024-06-07. The current put volume is at 236, with calls trading at the volume of 360. This yields a 0.66 put-to-call volume ratio.
Open Interest Against 2024-06-07 Option Contracts
2024-06-07
The chart above shows Advance Auto'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. Advance Auto's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Advance Auto's option, there is no secondary market available for investors to trade.
Advance Auto Maximum Pain Price across 2024-06-07 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 Advance Auto 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.
Advance Auto's option chain provides insight into all available option contracts written on Advance Auto's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Advance Auto'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 Advance option contract.
In The Money vs. Out of Money Option Contracts on Advance Auto
Analyzing Advance Auto's in-the-money options over time can help investors to take a profitable long position in Advance Auto regardless of its overall volatility. This is especially true when Advance Auto's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Advance Auto's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Advance Auto's stock while costing only a fraction of its price.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advance Auto Parts. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Advance Auto Parts In The Money Call Balance
When Advance Auto's strike price is surpassing the current stock price, the option contract against Advance Auto Parts stock is said to be in the money. When it comes to buying Advance Auto'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 Advance Auto Parts 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.
Advance Current Options Market Mood
Advance Auto'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 Advance 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 Advance Auto'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. Advance Auto'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 Advance Auto'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 Advance contract
Base on the Rule 16, the options market is currently suggesting that Advance Auto Parts will have an average daily up or down price movement of about 4.56% per day over the life of the 2024-06-07 option contract. With Advance Auto trading at USD 64.56, that is roughly USD 2.94. If you think that the market is fully incorporating Advance Auto's daily price movement you should consider buying Advance Auto Parts options at the current volatility level of 72.98%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Advance |
Purchasing Advance Auto 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" Advance calls. Remember, the seller must deliver Advance Auto Parts stock to the call owner when a call is exercised.
Advance Auto Option Chain
When Advance Auto's strike price is surpassing the current stock price, the option contract against Advance Auto Parts 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.
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Advance Auto's option chain is a display of a range of information that helps investors for ways to trade options on Advance. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Advance. It also shows strike prices and maturity days for a Advance Auto 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 | 2024-06-07 CALL at $40.0 | 0.9921 | 0.0016 | 0 | 2024-06-07 | 22.8 - 26.4 | 0.0 | In |
Call | 2024-06-07 CALL at $45.0 | 0.875 | 0.0085 | 0 | 2024-06-07 | 17.7 - 21.35 | 0.0 | In |
Call | 2024-06-07 CALL at $46.5 | 0.8721 | 0.0095 | 0 | 2024-06-07 | 16.3 - 19.7 | 0.0 | In |
Call | 2024-06-07 CALL at $47.0 | 0.9957 | 0.0016 | 0 | 2024-06-07 | 15.8 - 19.35 | 0.0 | In |
Call | 2024-06-07 CALL at $47.5 | 0.861 | 0.0103 | 0 | 2024-06-07 | 15.1 - 18.85 | 0.0 | In |
Call | 2024-06-07 CALL at $48.0 | 0.8562 | 0.0106 | 0 | 2024-06-07 | 14.65 - 18.4 | 0.0 | In |
Call | 2024-06-07 CALL at $48.5 | 0.8623 | 0.0112 | 0 | 2024-06-07 | 14.35 - 17.65 | 0.0 | In |
Call | 2024-06-07 CALL at $49.0 | 0.9766 | 0.0059 | 0 | 2024-06-07 | 13.8 - 17.5 | 0.0 | In |
Call | 2024-06-07 CALL at $49.5 | 0.8499 | 0.012 | 0 | 2024-06-07 | 13.15 - 16.8 | 0.0 | In |
Call | 2024-06-07 CALL at $50.0 | 0.995 | 0.0022 | 0 | 2024-06-07 | 12.85 - 16.3 | 0.0 | In |
Call | 2024-06-07 CALL at $51.0 | 0.9795 | 0.0064 | 0 | 2024-06-07 | 12.25 - 15.0 | 0.0 | In |
Call | 2024-06-07 CALL at $52.0 | 0.8229 | 0.0147 | 0 | 2024-06-07 | 10.55 - 14.5 | 0.0 | In |
Call | 2024-06-07 CALL at $53.0 | 0.8218 | 0.0163 | 0 | 2024-06-07 | 9.55 - 13.3 | 0.0 | In |
Call | 2024-06-07 CALL at $54.0 | 0.8057 | 0.0177 | 0 | 2024-06-07 | 8.6 - 12.45 | 0.0 | In |
Call | 2024-06-07 CALL at $55.0 | 0.7927 | 0.0194 | 0 | 2024-06-07 | 7.55 - 11.5 | 0.0 | In |
Call | 2024-06-07 CALL at $56.0 | 0.7803 | 0.0215 | 0 | 2024-06-07 | 6.55 - 10.5 | 0.0 | In |
Call | 2024-06-07 CALL at $57.0 | 0.7967 | 0.0262 | 0 | 2024-06-07 | 6.1 - 8.9 | 0.0 | In |
Call | 2024-06-07 CALL at $58.0 | 0.9214 | 0.0291 | 0 | 2024-06-07 | 6.1 - 6.75 | 0.0 | In |
Call | 2024-06-07 CALL at $59.0 | 0.9717 | 0.0209 | 0 | 2024-06-07 | 5.3 - 5.9 | 0.0 | In |
Call | 2024-06-07 CALL at $60.0 | 0.9878 | 0.0149 | 18 | 2024-06-07 | 4.3 - 4.85 | 5.6 | In |
Call | 2024-06-07 CALL at $61.0 | 0.6876 | 0.0407 | 1 | 2024-06-07 | 1.59 - 5.45 | 3.92 | In |
Call | 2024-06-07 CALL at $62.0 | 0.7889 | 0.0857 | 22 | 2024-06-07 | 1.89 - 2.98 | 2.4 | In |
Call | 2024-06-07 CALL at $63.0 | 0.8364 | 0.1505 | 144 | 2024-06-07 | 1.5 - 1.92 | 3.45 | In |
Call | 2024-06-07 CALL at $64.0 | 0.6454 | 0.236 | 472 | 2024-06-07 | 0.91 - 0.99 | 1.22 | In |
Call | 2024-06-07 CALL at $65.0 | 0.3953 | 0.2475 | 253 | 2024-06-07 | 0.4 - 0.47 | 0.43 | Out |
Call | 2024-06-07 CALL at $66.0 | 0.2179 | 0.1647 | 97 | 2024-06-07 | 0.11 - 0.34 | 0.22 | Out |
Call | 2024-06-07 CALL at $67.0 | 0.0838 | 0.0898 | 171 | 2024-06-07 | 0.05 - 0.08 | 0.09 | Out |
Call | 2024-06-07 CALL at $68.0 | 0.0486 | 0.0505 | 1133 | 2024-06-07 | 0.02 - 0.05 | 0.04 | Out |
Call | 2024-06-07 CALL at $69.0 | 0.041 | 0.036 | 133 | 2024-06-07 | 0.01 - 0.07 | 0.07 | Out |
Call | 2024-06-07 CALL at $70.0 | 0.063 | 0.0369 | 330 | 2024-06-07 | 0.0 - 0.04 | 0.09 | Out |
Call | 2024-06-07 CALL at $71.0 | 0.0897 | 0.0364 | 98 | 2024-06-07 | 0.01 - 0.35 | 0.01 | Out |
Call | 2024-06-07 CALL at $72.0 | 0.0538 | 0.0255 | 472 | 2024-06-07 | 0.01 - 0.18 | 0.06 | Out |
Call | 2024-06-07 CALL at $73.0 | 0.1283 | 0.0314 | 109 | 2024-06-07 | 0.01 - 0.81 | 0.08 | Out |
Call | 2024-06-07 CALL at $74.0 | 0.0116 | 0.0079 | 25 | 2024-06-07 | 0.01 - 0.02 | 0.03 | Out |
Call | 2024-06-07 CALL at $90.0 | 0.0042 | 0.0016 | 24 | 2024-06-07 | 0.0 - 0.33 | 0.01 | Out |
Put | 2024-06-07 PUT at $53.0 | -0.0059 | 0.0033 | 14 | 2024-06-07 | 0.0 - 0.91 | 0.01 | Out |
Put | 2024-06-07 PUT at $55.0 | -0.007 | 0.0046 | 33 | 2024-06-07 | 0.0 - 0.64 | 0.01 | Out |
Put | 2024-06-07 PUT at $58.0 | -0.0097 | 0.0087 | 188 | 2024-06-07 | 0.01 - 0.04 | 0.01 | Out |
Put | 2024-06-07 PUT at $60.0 | -0.03 | 0.0267 | 334 | 2024-06-07 | 0.01 - 0.05 | 0.03 | Out |
Put | 2024-06-07 PUT at $61.0 | -0.0443 | 0.043 | 2222 | 2024-06-07 | 0.02 - 0.04 | 0.04 | Out |
Put | 2024-06-07 PUT at $62.0 | -0.0731 | 0.0763 | 180 | 2024-06-07 | 0.03 - 0.07 | 0.06 | Out |
Put | 2024-06-07 PUT at $63.0 | -0.1673 | 0.1504 | 91 | 2024-06-07 | 0.12 - 0.41 | 0.15 | Out |
Put | 2024-06-07 PUT at $64.0 | -0.3582 | 0.2306 | 513 | 2024-06-07 | 0.34 - 0.42 | 0.4 | Out |
Put | 2024-06-07 PUT at $65.0 | -0.6058 | 0.2501 | 273 | 2024-06-07 | 0.81 - 0.92 | 0.86 | In |
Put | 2024-06-07 PUT at $66.0 | -0.81 | 0.1714 | 72 | 2024-06-07 | 1.27 - 2.42 | 1.6 | In |
Put | 2024-06-07 PUT at $67.0 | -0.7788 | 0.0984 | 224 | 2024-06-07 | 2.15 - 2.81 | 2.4 | In |
Put | 2024-06-07 PUT at $68.0 | -0.8416 | 0.0742 | 69 | 2024-06-07 | 3.15 - 3.7 | 3.4 | In |
Put | 2024-06-07 PUT at $69.0 | -0.9637 | 0.0338 | 102 | 2024-06-07 | 3.95 - 5.75 | 4.47 | In |
Put | 2024-06-07 PUT at $70.0 | -0.6641 | 0.0352 | 232 | 2024-06-07 | 4.2 - 7.55 | 5.3 | In |
Put | 2024-06-07 PUT at $71.0 | -0.9865 | 0.0127 | 68 | 2024-06-07 | 6.15 - 6.75 | 3.7 | In |
Put | 2024-06-07 PUT at $72.0 | -0.9878 | 0.0103 | 23 | 2024-06-07 | 7.2 - 7.7 | 9.5 | In |
Put | 2024-06-07 PUT at $73.0 | -0.8802 | 0.0309 | 0 | 2024-06-07 | 8.0 - 8.8 | 6.18 | In |
Put | 2024-06-07 PUT at $74.0 | -0.7985 | 0.0291 | 0 | 2024-06-07 | 9.35 - 11.55 | 8.41 | In |
Put | 2024-06-07 PUT at $75.0 | -0.884 | 0.0253 | 2 | 2024-06-07 | 10.1 - 11.6 | 5.38 | In |
Put | 2024-06-07 PUT at $76.0 | -0.9788 | 0.01 | 0 | 2024-06-07 | 11.25 - 11.7 | 7.55 | In |
Put | 2024-06-07 PUT at $77.0 | -0.9915 | 0.0073 | 6 | 2024-06-07 | 12.15 - 12.75 | 6.6 | In |
Put | 2024-06-07 PUT at $78.0 | -0.9239 | 0.0175 | 4 | 2024-06-07 | 13.15 - 13.7 | 14.25 | In |
Put | 2024-06-07 PUT at $79.0 | -0.9924 | 0.004 | 0 | 2024-06-07 | 14.0 - 14.9 | 8.55 | In |
Put | 2024-06-07 PUT at $80.0 | -0.9744 | 0.0087 | 0 | 2024-06-07 | 15.2 - 15.8 | 7.25 | In |
Put | 2024-06-07 PUT at $81.0 | -0.9754 | 0.008 | 0 | 2024-06-07 | 16.3 - 16.7 | 10.15 | In |
Put | 2024-06-07 PUT at $82.0 | -0.8494 | 0.0173 | 0 | 2024-06-07 | 17.25 - 19.55 | 10.35 | In |
Put | 2024-06-07 PUT at $83.0 | -0.7898 | 0.0167 | 0 | 2024-06-07 | 16.6 - 20.25 | 0.0 | In |
Put | 2024-06-07 PUT at $84.0 | -0.9605 | 0.0092 | 0 | 2024-06-07 | 17.75 - 21.4 | 0.0 | In |
Put | 2024-06-07 PUT at $85.0 | -0.9724 | 0.0071 | 0 | 2024-06-07 | 18.65 - 22.4 | 0.0 | In |
Put | 2024-06-07 PUT at $86.0 | -0.9732 | 0.0067 | 0 | 2024-06-07 | 19.75 - 23.3 | 0.0 | In |
Put | 2024-06-07 PUT at $87.0 | -0.9797 | 0.0054 | 0 | 2024-06-07 | 20.65 - 24.35 | 0.0 | In |
Put | 2024-06-07 PUT at $88.0 | -0.9557 | 0.0084 | 0 | 2024-06-07 | 21.8 - 25.45 | 0.0 | In |
Put | 2024-06-07 PUT at $89.0 | -0.9869 | 0.0037 | 0 | 2024-06-07 | 22.65 - 26.3 | 0.0 | In |
Put | 2024-06-07 PUT at $90.0 | -0.9812 | 0.0051 | 0 | 2024-06-07 | 23.55 - 27.45 | 0.0 | In |
Put | 2024-06-07 PUT at $91.0 | -0.9762 | 0.0052 | 0 | 2024-06-07 | 24.6 - 28.45 | 0.0 | In |
Put | 2024-06-07 PUT at $92.0 | -0.982 | 0.0042 | 0 | 2024-06-07 | 25.6 - 29.4 | 0.0 | In |
Put | 2024-06-07 PUT at $93.0 | -0.988 | 0.0031 | 0 | 2024-06-07 | 26.6 - 30.35 | 0.0 | In |
Put | 2024-06-07 PUT at $94.0 | -0.9883 | 0.003 | 0 | 2024-06-07 | 27.6 - 31.35 | 0.0 | In |
Put | 2024-06-07 PUT at $95.0 | -0.9781 | 0.0044 | 0 | 2024-06-07 | 28.6 - 32.45 | 0.0 | In |
Put | 2024-06-07 PUT at $100.0 | -0.9844 | 0.0031 | 0 | 2024-06-07 | 33.55 - 37.45 | 0.0 | In |
Put | 2024-06-07 PUT at $105.0 | -0.9902 | 0.002 | 0 | 2024-06-07 | 38.6 - 42.35 | 0.0 | In |
Put | 2024-06-07 PUT at $110.0 | -0.9823 | 0.0028 | 0 | 2024-06-07 | 43.6 - 47.45 | 0.0 | In |
Advance Auto Selling And Marketing Expenses Over Time
Selling And Marketing Expenses |
| Timeline |
Advance Total Stockholder Equity
Total Stockholder Equity |
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Advance Auto Corporate Directors
| Bradley Buss | Independent Director | Profile | |
| Sharon McCollam | Independent Director | Profile | |
| Arthur Valdez | Independent Director | Profile | |
| Sherice Torres | Independent Director | Profile |
Additional Tools for Advance Stock Analysis
When running Advance Auto's price analysis, check to measure Advance Auto'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 Advance Auto is operating at the current time. Most of Advance Auto's value examination focuses on studying past and present price action to predict the probability of Advance Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advance Auto's price. Additionally, you may evaluate how the addition of Advance Auto to your portfolios can decrease your overall portfolio volatility.