2024-06-21 PUT at $35.0 Option on Compass Minerals Int
| CMP Stock | USD 12.96 0.57 4.60% |
2024-06-21 PUT at $35.0 is a PUT option contract on Compass Minerals' common stock with a strick price of 35.0 expiring on 2024-06-21. The contract was last traded on 2023-12-11 at 12:33:09 for $10.5 and, as of today, has 19 days remaining before the expiration. The option is currently trading at a bid price of $20.2, and an ask price of $23.9. The implied volatility as of the 2nd of June is 184.39.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Compass Minerals International. 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.
Compass |
A put option written on Compass Minerals becomes more valuable as the price of Compass Minerals drops. Conversely, Compass Minerals' put option loses its value as Compass Stock rises. When exercised, put options on Compass Minerals produce a short position in Compass Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Compass Minerals' downside price movement.
Rule 16 of 2024-06-21 Option Contract
The options market is anticipating that Compass Minerals International will have an average daily up or down price movement of about 11.52% per day over the life of the option. With Compass Minerals trading at USD 12.96, that is roughly USD 1.49. If you think that the market is fully understating Compass Minerals' daily price movement you should consider buying Compass Minerals International options at that current volatility level of 184.39%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Put Option on Compass Minerals
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 Compass Minerals 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 Compass 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 $35.0 |
| Expires On | 2024-06-21 |
| Days Before Expriration | 19 |
| Last Traded On | 2023-12-11 12:33:09 |
| Contract Period | MONTHLY |
| Open Interest | 0 |
| Current Trading Volume | 0.0 |
| Strike Price | 35.0 |
| Last Traded At | 10.5 |
| Current Price Spread | 20.2 | 23.9 |
| Rule 16 Daily Up or Down | USD1.49 |
Compass short PUT Option Greeks
Compass Minerals' Option Greeks for the contract ending on 2024-06-21 at a strike price of 35.0 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 Compass Minerals' option greeks, its implied volatility helps estimate the risk of Compass Minerals stock implied by the prices of the options on Compass Minerals' stock.
| Delta | -0.9871 | |
| Gamma | 0.006 | |
| Theta | -0.0036 | |
| Vega | 9.0E-4 | |
| Rho | -0.004 |
Compass long PUT Option Payoff at expiration
Put options written on Compass Minerals grant holders of the option the right to sell a specified amount of Compass Minerals 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 Compass Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Compass Minerals is like buying insurance aginst Compass Minerals' downside shift.
Profit |
| Compass Minerals Price At Expiration |
Compass short PUT Option Payoff at expiration
By selling Compass Minerals' put option, the investors signal their bearish sentiment. A short position in a put option written on Compass Minerals will generally make money when the underlying price is above the strike price. Therefore Compass Minerals' put payoff at expiration depends on where the Compass Stock price is relative to the put option strike price. The breakeven price of 12.95 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 Compass Minerals' price. Finally, at the strike price of 35.0, the payoff chart is constant and positive.
Profit |
| Compass Minerals Price At Expiration |
Compass Minerals Int Available Put Options
Compass Minerals' option chain is a display of a range of information that helps investors for ways to trade options on Compass. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Compass. It also shows strike prices and maturity days for a Compass Minerals 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 $12.5 | -0.3603 | 0.2319 | 1954 | 2024-06-21 | 0.35 - 0.5 | 0.6 | Out |
Put | 2024-06-21 PUT at $15.0 | -0.7293 | 0.1251 | 570 | 2024-06-21 | 2.05 - 2.8 | 2.68 | In |
Put | 2024-06-21 PUT at $17.5 | -0.9502 | 0.0456 | 46 | 2024-06-21 | 2.75 - 6.4 | 4.36 | In |
Put | 2024-06-21 PUT at $20.0 | -0.7922 | 0.0523 | 1126 | 2024-06-21 | 6.3 - 8.8 | 6.4 | In |
Put | 2024-06-21 PUT at $22.5 | -0.9833 | 0.0127 | 39 | 2024-06-21 | 7.8 - 11.3 | 8.0 | In |
Put | 2024-06-21 PUT at $25.0 | -0.9841 | 0.0104 | 0 | 2024-06-21 | 10.2 - 13.9 | 10.94 | In |
Put | 2024-06-21 PUT at $27.5 | -0.9847 | 0.0089 | 0 | 2024-06-21 | 12.7 - 16.4 | 6.76 | In |
Put | 2024-06-21 PUT at $30.0 | -0.7928 | 0.0309 | 0 | 2024-06-21 | 16.7 - 18.9 | 12.44 | In |
Put | 2024-06-21 PUT at $32.5 | -0.7907 | 0.0289 | 0 | 2024-06-21 | 19.3 - 21.4 | 8.5 | In |
Put | 2024-06-21 PUT at $35.0 | -0.9871 | 0.006 | 0 | 2024-06-21 | 20.2 - 23.9 | 10.5 | In |
Put | 2024-06-21 PUT at $37.5 | -0.9038 | 0.0202 | 0 | 2024-06-21 | 24.2 - 24.8 | 0.0 | In |
Put | 2024-06-21 PUT at $40.0 | -0.8544 | 0.0226 | 0 | 2024-06-21 | 26.6 - 28.5 | 14.8 | In |
Put | 2024-06-21 PUT at $42.5 | -0.8479 | 0.022 | 0 | 2024-06-21 | 27.7 - 30.1 | 17.0 | In |
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Compass Minerals Corporate Directors
Compass Minerals corporate directors refer to members of a Compass Minerals board of directors. The board of directors generally takes responsibility for the Compass Minerals' 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 Compass Minerals' board members must vote for the resolution. The Compass Minerals board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Lori Walker | Independent Director | Profile | |
| Eric Ford | Independent Director | Profile | |
| Valdemar Fischer | Independent Director | Profile | |
| Paul Williams | Independent Director | Profile |
Already Invested in Compass Minerals International?
The danger of trading Compass Minerals International 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 Compass Minerals 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 Compass Minerals. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Compass Minerals Int 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 Compass Minerals Int is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Compass Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Compass Minerals International Stock. Highlighted below are key reports to facilitate an investment decision about Compass Minerals International Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Compass Minerals International. 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. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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When running Compass Minerals' price analysis, check to measure Compass Minerals' 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 Compass Minerals is operating at the current time. Most of Compass Minerals' value examination focuses on studying past and present price action to predict the probability of Compass Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Compass Minerals' price. Additionally, you may evaluate how the addition of Compass Minerals to your portfolios can decrease your overall portfolio volatility.
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Is Compass Minerals' 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 Compass Minerals. If investors know Compass 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 Compass Minerals 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 (0.92) | Dividend Share 2.88 | Earnings Share (2.07) | Revenue Per Share 44.542 | Quarterly Revenue Growth (0.25) |
The market value of Compass Minerals Int is measured differently than its book value, which is the value of Compass that is recorded on the company's balance sheet. Investors also form their own opinion of Compass Minerals' value that differs from its market value or its book value, called intrinsic value, which is Compass Minerals' 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 Compass Minerals' market value can be influenced by many factors that don't directly affect Compass Minerals' 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 Compass Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Compass Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Compass Minerals' 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.