2024-06-21 PUT at $120.0 Option on Addus HomeCare
| ADUS Stock | USD 114.81 3.08 2.76% |
2024-06-21 PUT at $120.0 is a PUT option contract on Addus HomeCare's common stock with a strick price of 120.0 expiring on 2024-06-21. The contract was not traded in recent days and, as of today, has 19 days remaining before the expiration. The option is currently trading at a bid price of $3.0, and an ask price of $7.5. The implied volatility as of the 2nd of June is 15.3.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Addus HomeCare. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Addus Stock please use our How to Invest in Addus HomeCare guide.
Addus |
A put option written on Addus HomeCare becomes more valuable as the price of Addus HomeCare drops. Conversely, Addus HomeCare's put option loses its value as Addus Stock rises. When exercised, put options on Addus HomeCare produce a short position in Addus Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Addus HomeCare's downside price movement.
Rule 16 of 2024-06-21 Option Contract
The options market is anticipating that Addus HomeCare will have an average daily up or down price movement of about 0.96% per day over the life of the option. With Addus HomeCare trading at USD 114.81, that is roughly USD 1.1. If you think that the market is fully understating Addus HomeCare's daily price movement you should consider buying Addus HomeCare options at that current volatility level of 15.3%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Put Option on Addus HomeCare
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 Addus HomeCare 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 Addus Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
| Put Contract Name | 2024-06-21 PUT at $120.0 |
| Expires On | 2024-06-21 |
| Days Before Expriration | 19 |
| Last Traded On | 0000-00-00 00:00:00 |
| Contract Period | MONTHLY |
| Open Interest | 0 |
| Current Trading Volume | 0.0 |
| Strike Price | 120.0 |
| Last Traded At | 0.0 |
| Current Price Spread | 3.0 | 7.5 |
| Rule 16 Daily Up or Down | USD1.1 |
Addus short PUT Option Greeks
Addus HomeCare's Option Greeks for the contract ending on 2024-06-21 at a strike price of 120.0 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 Addus HomeCare's option greeks, its implied volatility helps estimate the risk of Addus HomeCare stock implied by the prices of the options on Addus HomeCare's stock.
| Delta | -0.9191 | |
| Gamma | 0.1849 | |
| Theta | -0.0091 | |
| Vega | 0.0366 | |
| Rho | -0.0183 |
Addus long PUT Option Payoff at expiration
Put options written on Addus HomeCare grant holders of the option the right to sell a specified amount of Addus HomeCare at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Addus Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Addus HomeCare is like buying insurance aginst Addus HomeCare's downside shift.
Profit |
| Addus HomeCare Price At Expiration |
Addus short PUT Option Payoff at expiration
By selling Addus HomeCare's put option, the investors signal their bearish sentiment. A short position in a put option written on Addus HomeCare will generally make money when the underlying price is above the strike price. Therefore Addus HomeCare's put payoff at expiration depends on where the Addus Stock price is relative to the put option strike price. The breakeven price of 114.75 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to Addus HomeCare's price. Finally, at the strike price of 120.0, the payoff chart is constant and positive.
Profit |
| Addus HomeCare Price At Expiration |
Addus HomeCare Available Put Options
Addus HomeCare's option chain is a display of a range of information that helps investors for ways to trade options on Addus. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Addus. It also shows strike prices and maturity days for a Addus HomeCare 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 | |||
Put | 2024-06-21 PUT at $115.0 | -0.4857 | 0.0619 | 0 | 2024-06-21 | 0.1 - 5.0 | 0.0 | In |
Put | 2024-06-21 PUT at $120.0 | -0.9191 | 0.1849 | 0 | 2024-06-21 | 3.0 - 7.5 | 0.0 | In |
Put | 2024-06-21 PUT at $125.0 | -0.9478 | 0.0498 | 0 | 2024-06-21 | 8.0 - 12.5 | 0.0 | In |
Put | 2024-06-21 PUT at $130.0 | -0.7507 | 0.0172 | 0 | 2024-06-21 | 12.6 - 17.5 | 0.0 | In |
Put | 2024-06-21 PUT at $135.0 | -0.9521 | 0.009 | 0 | 2024-06-21 | 18.1 - 22.5 | 0.0 | In |
Put | 2024-06-21 PUT at $140.0 | -0.9873 | 0.0028 | 0 | 2024-06-21 | 23.0 - 27.4 | 0.0 | In |
Put | 2024-06-21 PUT at $145.0 | -0.9731 | 0.0044 | 0 | 2024-06-21 | 28.0 - 32.5 | 0.0 | In |
Put | 2024-06-21 PUT at $150.0 | -0.8196 | 0.009 | 0 | 2024-06-21 | 32.6 - 37.5 | 0.0 | In |
Put | 2024-06-21 PUT at $155.0 | -0.8287 | 0.0081 | 0 | 2024-06-21 | 37.5 - 42.5 | 0.0 | In |
Put | 2024-06-21 PUT at $160.0 | -0.8363 | 0.0074 | 0 | 2024-06-21 | 42.6 - 47.5 | 0.0 | In |
Put | 2024-06-21 PUT at $165.0 | -0.8427 | 0.0068 | 0 | 2024-06-21 | 47.6 - 52.5 | 0.0 | In |
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Our tools can tell you how much better you can do entering a position in Addus HomeCare 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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Addus HomeCare Corporate Management
Elected by the shareholders, the Addus HomeCare's board of directors comprises two types of representatives: Addus HomeCare inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Addus. The board's role is to monitor Addus HomeCare's management team and ensure that shareholders' interests are well served. Addus HomeCare'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, Addus HomeCare's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Wattenbarger | Executive Officer | Profile | |
| Cliff Blessing | Executive Officer | Profile | |
| Diane Kumarich | VP Innovation | Profile | |
| Zach Simpson | Senior Officer | Profile | |
| Roberton Stevenson | Executive Officer | Profile |
Already Invested in Addus HomeCare?
The danger of trading Addus HomeCare 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 Addus HomeCare 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 Addus HomeCare. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Addus HomeCare 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 Addus HomeCare is a strong investment it is important to analyze Addus HomeCare'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 Addus HomeCare's future performance. For an informed investment choice regarding Addus Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Addus HomeCare. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Addus Stock please use our How to Invest in Addus HomeCare guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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When running Addus HomeCare's price analysis, check to measure Addus HomeCare'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 Addus HomeCare is operating at the current time. Most of Addus HomeCare's value examination focuses on studying past and present price action to predict the probability of Addus HomeCare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Addus HomeCare's price. Additionally, you may evaluate how the addition of Addus HomeCare to your portfolios can decrease your overall portfolio volatility.
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Is Addus HomeCare'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 Addus HomeCare. If investors know Addus 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 Addus HomeCare 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 0.244 | Earnings Share 4.02 | Revenue Per Share 67.883 | Quarterly Revenue Growth 0.116 | Return On Assets 0.0656 |
The market value of Addus HomeCare is measured differently than its book value, which is the value of Addus that is recorded on the company's balance sheet. Investors also form their own opinion of Addus HomeCare's value that differs from its market value or its book value, called intrinsic value, which is Addus HomeCare'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 Addus HomeCare's market value can be influenced by many factors that don't directly affect Addus HomeCare'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 Addus HomeCare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Addus HomeCare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Addus HomeCare'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.