2024-05-17 PUT at $2940.0 Option on AutoZone
| AZO Stock | USD 2,952 9.89 0.33% |
2024-05-17 PUT at $2940.0 is a PUT option contract on AutoZone's common stock with a strick price of 2940.0 expiring on 2024-05-17. The contract was last traded on 2024-04-29 at 10:47:49 for $34.95 and, as of today, has 13 days remaining before the expiration. The option is currently trading at a bid price of $34.0, and an ask price of $40.0. The implied volatility as of the 4th of May is 20.31.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AutoZone. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.
AutoZone |
A put option written on AutoZone becomes more valuable as the price of AutoZone drops. Conversely, AutoZone's put option loses its value as AutoZone Stock rises. When exercised, put options on AutoZone produce a short position in AutoZone Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on AutoZone's downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that AutoZone will have an average daily up or down price movement of about 1.27% per day over the life of the option. With AutoZone trading at USD 2952.2, that is roughly USD 37.47. If you think that the market is fully understating AutoZone's daily price movement you should consider buying AutoZone options at that current volatility level of 20.31%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on AutoZone
An 'Out of The Money' option on AutoZone has a strike price that AutoZone Stock has yet to reach, meaning the option has no intrinsic value. 'Out of The Money' options are usually less costly than 'In The Money' options, making them more desirable to traders with smaller amounts of capital. Some of the uses for AutoZone's 'Out of The Money' options include buying the options if you expect a big move in AutoZone's stock. Since 'Out of The Money' options have a lower up-front cost (i.e., no intrinsic value) than 'In The Money' options, buying it is a reasonable choice.
| Put Contract Name | 2024-05-17 PUT at $2940.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 13 |
| Last Traded On | 2024-04-29 10:47:49 |
| Contract Period | MONTHLY |
| Open Interest | 64 |
| Current Trading Volume | 0.0 |
| Strike Price | 2940.0 |
| Last Traded At | 34.95 |
| Current Price Spread | 34.0 | 40.0 |
| Rule 16 Daily Up or Down | USD37.47 |
AutoZone short PUT Option Greeks
AutoZone's Option Greeks for the contract ending on 2024-05-17 at a strike price of 2940.0 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 AutoZone's option greeks, its implied volatility helps estimate the risk of AutoZone stock implied by the prices of the options on AutoZone's stock.
| Delta | -0.4344 | |
| Gamma | 0.0035 | |
| Theta | -1.5478 | |
| Vega | 2.1897 | |
| Rho | -0.3962 |
AutoZone long PUT Option Payoff at expiration
Put options written on AutoZone grant holders of the option the right to sell a specified amount of AutoZone 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 AutoZone Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on AutoZone is like buying insurance aginst AutoZone's downside shift.
Profit |
| AutoZone Price At Expiration |
AutoZone short PUT Option Payoff at expiration
By selling AutoZone's put option, the investors signal their bearish sentiment. A short position in a put option written on AutoZone will generally make money when the underlying price is above the strike price. Therefore AutoZone's put payoff at expiration depends on where the AutoZone Stock price is relative to the put option strike price. The breakeven price of 2903.0 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 AutoZone's price. Finally, at the strike price of 2940.0, the payoff chart is constant and positive.
Profit |
| AutoZone Price At Expiration |
AutoZone Available Put Options
AutoZone's option chain is a display of a range of information that helps investors for ways to trade options on AutoZone. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for AutoZone. It also shows strike prices and maturity days for a AutoZone 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 | 2024-05-17 PUT at $2600.0 | -0.0313 | 3.0E-4 | 16 | 2024-05-17 | 0.3 - 4.9 | 1.01 | Out |
Put | 2024-05-17 PUT at $2750.0 | -0.0601 | 9.0E-4 | 39 | 2024-05-17 | 0.0 - 8.2 | 3.7 | Out |
Put | 2024-05-17 PUT at $2800.0 | -0.088 | 0.0013 | 36 | 2024-05-17 | 2.2 - 7.4 | 5.0 | Out |
Put | 2024-05-17 PUT at $2850.0 | -0.1718 | 0.0022 | 154 | 2024-05-17 | 9.1 - 15.2 | 11.0 | Out |
Put | 2024-05-17 PUT at $2900.0 | -0.3001 | 0.0031 | 55 | 2024-05-17 | 19.0 - 26.0 | 21.99 | Out |
Put | 2024-05-17 PUT at $2930.0 | -0.3985 | 0.0035 | 24 | 2024-05-17 | 28.0 - 36.6 | 41.3 | Out |
Put | 2024-05-17 PUT at $2940.0 | -0.4344 | 0.0035 | 64 | 2024-05-17 | 34.0 - 40.0 | 34.95 | Out |
Put | 2024-05-17 PUT at $2950.0 | -0.4694 | 0.0037 | 42 | 2024-05-17 | 38.7 - 44.1 | 39.4 | Out |
Put | 2024-05-17 PUT at $2960.0 | -0.5065 | 0.0036 | 12 | 2024-05-17 | 43.3 - 48.4 | 52.9 | In |
Put | 2024-05-17 PUT at $2970.0 | -0.5429 | 0.0036 | 8 | 2024-05-17 | 48.2 - 54.1 | 55.0 | In |
Put | 2024-05-17 PUT at $2980.0 | -0.5835 | 0.0037 | 11 | 2024-05-17 | 50.2 - 60.0 | 55.0 | In |
Put | 2024-05-17 PUT at $2990.0 | -0.616 | 0.0035 | 3 | 2024-05-17 | 59.1 - 66.0 | 62.81 | In |
Put | 2024-05-17 PUT at $3000.0 | -0.655 | 0.0035 | 38 | 2024-05-17 | 64.0 - 72.4 | 68.76 | In |
Put | 2024-05-17 PUT at $3010.0 | -0.6891 | 0.0034 | 6 | 2024-05-17 | 70.1 - 80.0 | 72.81 | In |
Put | 2024-05-17 PUT at $3020.0 | -0.7204 | 0.0032 | 1 | 2024-05-17 | 78.1 - 87.0 | 86.0 | In |
Put | 2024-05-17 PUT at $3030.0 | -0.7526 | 0.003 | 3 | 2024-05-17 | 85.0 - 95.0 | 177.5 | In |
Put | 2024-05-17 PUT at $3040.0 | -0.7792 | 0.0031 | 4 | 2024-05-17 | 93.0 - 103.0 | 98.92 | In |
Put | 2024-05-17 PUT at $3050.0 | -0.7897 | 0.0026 | 6 | 2024-05-17 | 101.0 - 115.0 | 107.03 | In |
Put | 2024-05-17 PUT at $3060.0 | -0.8366 | 0.0024 | 0 | 2024-05-17 | 106.3 - 122.0 | 94.0 | In |
Put | 2024-05-17 PUT at $3070.0 | -0.8621 | 0.0036 | 2 | 2024-05-17 | 114.6 - 130.2 | 182.0 | In |
Put | 2024-05-17 PUT at $3080.0 | -0.8942 | 0.0018 | 3 | 2024-05-17 | 123.0 - 138.5 | 49.5 | In |
Put | 2024-05-17 PUT at $3090.0 | -0.9067 | 0.0017 | 62 | 2024-05-17 | 132.2 - 148.2 | 125.65 | In |
Put | 2024-05-17 PUT at $3100.0 | -0.9267 | 0.0058 | 79 | 2024-05-17 | 141.9 - 157.0 | 150.0 | In |
Put | 2024-05-17 PUT at $3110.0 | -0.936 | 0.0032 | 3 | 2024-05-17 | 152.2 - 166.0 | 149.35 | In |
Put | 2024-05-17 PUT at $3120.0 | -0.8642 | 0.0015 | 10 | 2024-05-17 | 160.2 - 175.0 | 202.7 | In |
Put | 2024-05-17 PUT at $3130.0 | -0.9721 | 0.0226 | 24 | 2024-05-17 | 171.2 - 185.0 | 68.17 | In |
Put | 2024-05-17 PUT at $3140.0 | -0.8801 | 0.0013 | 20 | 2024-05-17 | 180.3 - 194.0 | 71.89 | In |
Put | 2024-05-17 PUT at $3150.0 | -0.8835 | 0.0013 | 24 | 2024-05-17 | 190.8 - 204.0 | 248.0 | In |
Put | 2024-05-17 PUT at $3160.0 | -0.8867 | 0.0012 | 0 | 2024-05-17 | 200.9 - 214.0 | 236.0 | In |
Put | 2024-05-17 PUT at $3170.0 | -0.8736 | 0.0012 | 0 | 2024-05-17 | 206.7 - 226.0 | 0.0 | In |
Put | 2024-05-17 PUT at $3180.0 | -0.8767 | 0.0011 | 3 | 2024-05-17 | 216.6 - 236.0 | 86.2 | In |
Put | 2024-05-17 PUT at $3190.0 | -0.8795 | 0.0011 | 0 | 2024-05-17 | 226.6 - 246.0 | 134.12 | In |
Put | 2024-05-17 PUT at $3200.0 | -0.8822 | 0.001 | 1 | 2024-05-17 | 236.6 - 256.0 | 236.93 | In |
Put | 2024-05-17 PUT at $3210.0 | -0.8847 | 0.001 | 0 | 2024-05-17 | 246.6 - 266.0 | 286.0 | In |
Put | 2024-05-17 PUT at $3250.0 | -0.8935 | 8.0E-4 | 0 | 2024-05-17 | 286.6 - 306.0 | 326.0 | In |
Put | 2024-05-17 PUT at $3300.0 | -0.9023 | 0.0011 | 0 | 2024-05-17 | 336.6 - 356.0 | 316.0 | In |
Put | 2024-05-17 PUT at $3350.0 | -0.9096 | 6.0E-4 | 0 | 2024-05-17 | 386.6 - 406.0 | 366.0 | In |
Put | 2024-05-17 PUT at $3400.0 | -0.9154 | 5.0E-4 | 0 | 2024-05-17 | 436.6 - 456.0 | 412.0 | In |
Put | 2024-05-17 PUT at $3450.0 | -0.9202 | 5.0E-4 | 0 | 2024-05-17 | 487.0 - 506.0 | 350.0 | In |
Put | 2024-05-17 PUT at $3500.0 | -0.9243 | 4.0E-4 | 0 | 2024-05-17 | 536.9 - 556.0 | 0.0 | In |
Put | 2024-05-17 PUT at $3550.0 | -0.9279 | 4.0E-4 | 0 | 2024-05-17 | 587.0 - 606.0 | 554.2 | In |
Put | 2024-05-17 PUT at $3600.0 | -0.931 | 4.0E-4 | 0 | 2024-05-17 | 637.0 - 656.0 | 604.4 | In |
Put | 2024-05-17 PUT at $3650.0 | -0.9337 | 3.0E-4 | 0 | 2024-05-17 | 687.0 - 706.0 | 0.0 | In |
Put | 2024-05-17 PUT at $3700.0 | -0.9362 | 3.0E-4 | 0 | 2024-05-17 | 737.0 - 756.0 | 720.0 | In |
Put | 2024-05-17 PUT at $3750.0 | -0.9383 | 4.0E-4 | 0 | 2024-05-17 | 787.0 - 806.0 | 0.0 | In |
Put | 2024-05-17 PUT at $3800.0 | -0.9402 | 3.0E-4 | 0 | 2024-05-17 | 837.0 - 856.0 | 812.0 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in AutoZone 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?
Run Financial Widgets Now
Financial WidgetsEasily integrated Macroaxis content with over 30 different plug-and-play financial widgets |
| All Next | Launch Module |
AutoZone Corporate Directors
AutoZone corporate directors refer to members of an AutoZone board of directors. The board of directors generally takes responsibility for the AutoZone's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of AutoZone's board members must vote for the resolution. The AutoZone board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Michael Calbert | Independent Director | Profile | |
| Enderson Guimaraes | Independent Director | Profile | |
| Bryan Jordan | Independent Director | Profile | |
| David Jordan | Independent Director | Profile |
Already Invested in AutoZone?
The danger of trading AutoZone 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 AutoZone 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 AutoZone. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile AutoZone 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 AutoZone offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AutoZone's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Autozone Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Autozone Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AutoZone. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.Note that the AutoZone information on this page should be used as a complementary analysis to other AutoZone's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for AutoZone Stock analysis
When running AutoZone's price analysis, check to measure AutoZone'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 AutoZone is operating at the current time. Most of AutoZone's value examination focuses on studying past and present price action to predict the probability of AutoZone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AutoZone's price. Additionally, you may evaluate how the addition of AutoZone to your portfolios can decrease your overall portfolio volatility.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years |
Is AutoZone'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 AutoZone. If investors know AutoZone 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 AutoZone 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 0.172 | Earnings Share 141.71 | Revenue Per Share 999.527 | Quarterly Revenue Growth 0.046 | Return On Assets 0.1423 |
The market value of AutoZone is measured differently than its book value, which is the value of AutoZone that is recorded on the company's balance sheet. Investors also form their own opinion of AutoZone's value that differs from its market value or its book value, called intrinsic value, which is AutoZone'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 AutoZone's market value can be influenced by many factors that don't directly affect AutoZone'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 AutoZone's value and its price as these two are different measures arrived at by different means. Investors typically determine if AutoZone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AutoZone'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.