2024-05-17 PUT at $75.0 Option on Comerica
| CMA Stock | USD 55.18 1.18 2.19% |
2024-05-17 PUT at $75.0 is a PUT option contract on Comerica's common stock with a strick price of 75.0 expiring on 2024-05-17. The contract was not traded in recent days and, as of today, has 1 days remaining before the expiration. The option is currently trading at a bid price of $18.0, and an ask price of $20.8. The implied volatility as of the 16th of May 2024 is 498.41.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Comerica. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For information on how to trade Comerica Stock refer to our How to Trade Comerica Stock guide.
Comerica |
A put option written on Comerica becomes more valuable as the price of Comerica drops. Conversely, Comerica's put option loses its value as Comerica Stock rises. When exercised, put options on Comerica produce a short position in Comerica Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Comerica's downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that Comerica will have an average daily up or down price movement of about 31.15% per day over the life of the option. With Comerica trading at USD 55.18, that is roughly USD 17.19. If you think that the market is fully understating Comerica's daily price movement you should consider buying Comerica options at that current volatility level of 498.41%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Put Option on Comerica
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 Comerica 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 Comerica 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 | 2024-05-17 PUT at $75.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 1 |
| Last Traded On | 0000-00-00 00:00:00 |
| Contract Period | MONTHLY |
| Open Interest | 0 |
| Current Trading Volume | 0.0 |
| Strike Price | 75.0 |
| Last Traded At | 0.0 |
| Current Price Spread | 18.0 | 20.8 |
| Rule 16 Daily Up or Down | USD17.19 |
Comerica short PUT Option Greeks
Comerica's Option Greeks for the contract ending on 2024-05-17 at a strike price of 75.0 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 Comerica's option greeks, its implied volatility helps estimate the risk of Comerica stock implied by the prices of the options on Comerica's stock.
| Delta | -0.8522 | |
| Gamma | 0.016 | |
| Theta | -1.6586 | |
| Vega | 0.0067 | |
| Rho | -0.0015 |
Comerica long PUT Option Payoff at expiration
Put options written on Comerica grant holders of the option the right to sell a specified amount of Comerica 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 Comerica Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Comerica is like buying insurance aginst Comerica's downside shift.
Profit |
| Comerica Price At Expiration |
Comerica short PUT Option Payoff at expiration
By selling Comerica's put option, the investors signal their bearish sentiment. A short position in a put option written on Comerica will generally make money when the underlying price is above the strike price. Therefore Comerica's put payoff at expiration depends on where the Comerica Stock price is relative to the put option strike price. The breakeven price of 54.2 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 Comerica's price. Finally, at the strike price of 75.0, the payoff chart is constant and positive.
Profit |
| Comerica Price At Expiration |
Comerica Available Put Options
Comerica's option chain is a display of a range of information that helps investors for ways to trade options on Comerica. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Comerica. It also shows strike prices and maturity days for a Comerica 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 $47.0 | -0.027 | 0.0133 | 37 | 2024-05-17 | 0.0 - 0.05 | 0.05 | Out |
Put | 2024-05-17 PUT at $47.5 | -0.0285 | 0.0147 | 302 | 2024-05-17 | 0.0 - 0.05 | 0.05 | Out |
Put | 2024-05-17 PUT at $50.0 | -0.0389 | 0.0268 | 2456 | 2024-05-17 | 0.0 - 0.1 | 0.05 | Out |
Put | 2024-05-17 PUT at $51.0 | -0.0456 | 0.0367 | 150 | 2024-05-17 | 0.0 - 0.05 | 0.05 | Out |
Put | 2024-05-17 PUT at $53.0 | -0.0722 | 0.0893 | 58 | 2024-05-17 | 0.0 - 0.1 | 0.05 | Out |
Put | 2024-05-17 PUT at $54.0 | -0.1574 | 0.2005 | 829 | 2024-05-17 | 0.05 - 0.15 | 0.23 | Out |
Put | 2024-05-17 PUT at $55.0 | -0.4336 | 0.3409 | 45 | 2024-05-17 | 0.3 - 0.45 | 0.65 | Out |
Put | 2024-05-17 PUT at $56.0 | -0.7797 | 0.2844 | 0 | 2024-05-17 | 0.9 - 1.2 | 0.95 | In |
Put | 2024-05-17 PUT at $57.0 | -0.8499 | 0.137 | 0 | 2024-05-17 | 1.65 - 1.95 | 0.0 | In |
Put | 2024-05-17 PUT at $57.5 | -0.8109 | 0.1076 | 9 | 2024-05-17 | 1.35 - 3.8 | 5.0 | In |
Put | 2024-05-17 PUT at $58.0 | -0.7658 | 0.0845 | 0 | 2024-05-17 | 2.5 - 4.1 | 0.0 | In |
Put | 2024-05-17 PUT at $59.0 | -0.8888 | 0.064 | 0 | 2024-05-17 | 2.65 - 5.3 | 0.0 | In |
Put | 2024-05-17 PUT at $60.0 | -0.6913 | 0.0436 | 0 | 2024-05-17 | 3.2 - 6.3 | 7.3 | In |
Put | 2024-05-17 PUT at $61.0 | -0.85 | 0.0456 | 0 | 2024-05-17 | 5.5 - 6.9 | 0.0 | In |
Put | 2024-05-17 PUT at $62.0 | -0.9744 | 0.0183 | 0 | 2024-05-17 | 5.4 - 8.3 | 0.0 | In |
Put | 2024-05-17 PUT at $62.5 | -0.7383 | 0.0343 | 0 | 2024-05-17 | 5.7 - 8.7 | 13.7 | In |
Put | 2024-05-17 PUT at $63.0 | -0.9185 | 0.0297 | 0 | 2024-05-17 | 5.7 - 8.0 | 0.0 | In |
Put | 2024-05-17 PUT at $64.0 | -0.8601 | 0.0311 | 0 | 2024-05-17 | 7.3 - 9.3 | 0.0 | In |
Put | 2024-05-17 PUT at $65.0 | -0.8517 | 0.0286 | 0 | 2024-05-17 | 8.9 - 11.9 | 0.0 | In |
Put | 2024-05-17 PUT at $66.0 | -0.8321 | 0.0266 | 0 | 2024-05-17 | 9.0 - 11.6 | 0.0 | In |
Put | 2024-05-17 PUT at $67.0 | -0.7973 | 0.0247 | 0 | 2024-05-17 | 10.3 - 13.0 | 0.0 | In |
Put | 2024-05-17 PUT at $68.0 | -0.9509 | 0.0151 | 0 | 2024-05-17 | 12.0 - 13.9 | 0.0 | In |
Put | 2024-05-17 PUT at $69.0 | -0.8383 | 0.0216 | 0 | 2024-05-17 | 12.3 - 14.7 | 0.0 | In |
Put | 2024-05-17 PUT at $70.0 | -0.8236 | 0.0206 | 0 | 2024-05-17 | 13.0 - 15.9 | 0.0 | In |
Put | 2024-05-17 PUT at $71.0 | -0.7953 | 0.0195 | 0 | 2024-05-17 | 14.3 - 17.3 | 0.0 | In |
Put | 2024-05-17 PUT at $72.0 | -0.8417 | 0.0184 | 0 | 2024-05-17 | 15.6 - 17.8 | 0.0 | In |
Put | 2024-05-17 PUT at $75.0 | -0.8522 | 0.016 | 0 | 2024-05-17 | 18.0 - 20.8 | 0.0 | In |
Put | 2024-05-17 PUT at $80.0 | -0.8569 | 0.0134 | 0 | 2024-05-17 | 23.0 - 25.9 | 0.0 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Comerica 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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Comerica Corporate Directors
Comerica corporate directors refer to members of a Comerica board of directors. The board of directors generally takes responsibility for the Comerica'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 Comerica's board members must vote for the resolution. The Comerica board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Reginald Turner | Independent Director | Profile | |
| Richard Lindner | Independent Director | Profile | |
| Michael Collins | Independent Director | Profile | |
| Ximena Humrichouse | Independent Director | Profile |
Already Invested in Comerica?
The danger of trading Comerica 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 Comerica 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 Comerica. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Comerica 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 Comerica offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Comerica'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 Comerica Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Comerica Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Comerica. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For information on how to trade Comerica Stock refer to our How to Trade Comerica Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Comerica Stock analysis
When running Comerica's price analysis, check to measure Comerica'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 Comerica is operating at the current time. Most of Comerica's value examination focuses on studying past and present price action to predict the probability of Comerica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comerica's price. Additionally, you may evaluate how the addition of Comerica to your portfolios can decrease your overall portfolio volatility.
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Is Comerica'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 Comerica. If investors know Comerica 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 Comerica 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 (0.59) | Dividend Share 2.84 | Earnings Share 5.03 | Revenue Per Share 25.051 | Quarterly Revenue Growth (0.20) |
The market value of Comerica is measured differently than its book value, which is the value of Comerica that is recorded on the company's balance sheet. Investors also form their own opinion of Comerica's value that differs from its market value or its book value, called intrinsic value, which is Comerica'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 Comerica's market value can be influenced by many factors that don't directly affect Comerica'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 Comerica's value and its price as these two are different measures arrived at by different means. Investors typically determine if Comerica is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comerica'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.