2024-05-17 CALL at $43.0 Option on CNA Financial
| CNA Stock | USD 44.40 0.18 0.40% |
2024-05-17 CALL at $43.0 is a CALL option contract on CNA Financial's common stock with a strick price of 43.0 expiring on 2024-05-17. The contract was last traded on 2024-05-01 at 14:24:28 for $1.95 and, as of today, has 14 days remaining before the expiration. The option is currently trading at a bid price of $1.9, and an ask price of $2.3. The implied volatility as of the 3rd of May is 37.76.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNA Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade CNA Stock refer to our How to Trade CNA Stock guide.
CNA |
Call options on CNA Financial give the investor right to buy CNA Stock at a specified price within a specific period. The strike price represents the predetermined price at which a call buyer can buy CNA Stock. Call options may be purchased for speculation or sold for income purposes, or simply combined for various spread or combination strategies. If CNA Financial's price is above the strike price at expiry, the profit is the current CNA Financial's stock price, minus the strike price and the premium.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that CNA Financial will have an average daily up or down price movement of about 2.36% per day over the life of the option. With CNA Financial trading at USD 44.4, that is roughly USD 1.05. If you think that the market is fully understating CNA Financial's daily price movement you should consider buying CNA Financial options at that current volatility level of 37.76%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Call Option on CNA Financial
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 CNA Financial 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 CNA Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
| Call Contract Name | 2024-05-17 CALL at $43.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 14 |
| Last Traded On | 2024-05-01 14:24:28 |
| Contract Period | MONTHLY |
| Open Interest | 286 |
| Current Trading Volume | 0.0 |
| Strike Price | 43.0 |
| Last Traded At | 1.95 |
| Current Price Spread | 1.9 | 2.3 |
| Rule 16 Daily Up or Down | USD1.05 |
CNA short CALL Option Greeks
CNA Financial's Option Greeks for the contract ending on 2024-05-17 at a strike price of 43.0 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 CNA Financial's option greeks, its implied volatility helps estimate the risk of CNA Financial stock implied by the prices of the options on CNA Financial's stock.
| Delta | 0.6877 | |
| Gamma | 0.11 | |
| Theta | -0.0324 | |
| Vega | 0.0303 | |
| Rho | 0.0075 |
CNA long CALL Option Payoff at expiration
Buying CNA Financial's call option is the simplest of option trades. A call option on CNA Stock gives investors the right (but not the obligation) to purchase CNA Financial at the given strike price. Therefore CNA Financial's call intrinsic value or payoff at expiration depends on where the CNA Stock price is relative to the call option strike price. The strike price of 43.0 is the critical point that divides the payoff function into two parts. Below the strike, the payoff chart is constant and negative (the trade is a loss). Above the strike, the payoff line is upward sloping as the option payoff rises in proportion with CNA Financial's price. Finally, at the break-even point of 45.1, the line crosses zero, and trading CNA becomes profitable.
Profit |
| CNA Financial Price At Expiration |
CNA short CALL Option Payoff at expiration
By selling CNA Financial's call option, the investors signals his or her bearish sentiment. A short position in a call option written on CNA Financial will generally make money when the underlying price goes down. Therefore CNA Financial's call intrinsic value or payoff at expiration depends on where the CNA Stock price is relative to the call option strike price. The strike price of 43.0 is the critical point that divides the payoff function into two parts. Below the strike, the payoff chart is constant and positive (the seller makes a profit). Above the strike, the payoff line is downward sloping as the option payoff drops in proportion to CNA Financial's price. Finally, at the break-even point of 45.1, the line crosses zero, and trading CNA becomes disadvantageous with no downside limits.
Profit |
| CNA Financial Price At Expiration |
CNA Financial Available Call Options
CNA Financial's option chain is a display of a range of information that helps investors for ways to trade options on CNA. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for CNA. It also shows strike prices and maturity days for a CNA Financial 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 | 2024-05-17 CALL at $18.0 | 0.9902 | 0.0012 | 0 | 2024-05-17 | 24.2 - 29.0 | 0.0 | In |
Call | 2024-05-17 CALL at $20.5 | 0.9589 | 0.0037 | 0 | 2024-05-17 | 22.3 - 26.5 | 0.0 | In |
Call | 2024-05-17 CALL at $23.0 | 0.9463 | 0.005 | 0 | 2024-05-17 | 20.0 - 24.0 | 0.0 | In |
Call | 2024-05-17 CALL at $28.0 | 0.9066 | 0.009 | 14 | 2024-05-17 | 15.7 - 19.0 | 0.0 | In |
Call | 2024-05-17 CALL at $33.0 | 0.9027 | 0.0151 | 0 | 2024-05-17 | 10.0 - 14.0 | 0.0 | In |
Call | 2024-05-17 CALL at $38.0 | 0.8365 | 0.0316 | 4 | 2024-05-17 | 5.3 - 9.0 | 7.0 | In |
Call | 2024-05-17 CALL at $43.0 | 0.6877 | 0.11 | 286 | 2024-05-17 | 1.9 - 2.3 | 1.95 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in CNA Financial 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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CNA Financial Corporate Directors
CNA Financial corporate directors refer to members of a CNA Financial board of directors. The board of directors generally takes responsibility for the CNA Financial'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 CNA Financial's board members must vote for the resolution. The CNA Financial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Marvin Zonis | Independent Director | Profile | |
| Joseph Rosenberg | Director | Profile | |
| Andrew Tisch | Director | Profile | |
| Michael Bless | Independent Director | Profile |
Already Invested in CNA Financial?
The danger of trading CNA Financial 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 CNA Financial 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 CNA Financial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile CNA Financial 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 CNA Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CNA Financial'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 Cna Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cna Financial Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNA Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade CNA Stock refer to our How to Trade CNA Stock guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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When running CNA Financial's price analysis, check to measure CNA Financial'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 CNA Financial is operating at the current time. Most of CNA Financial's value examination focuses on studying past and present price action to predict the probability of CNA Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CNA Financial's price. Additionally, you may evaluate how the addition of CNA Financial to your portfolios can decrease your overall portfolio volatility.
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Is CNA Financial'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 CNA Financial. If investors know CNA 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 CNA Financial 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 0.532 | Dividend Share 1.68 | Earnings Share 4.43 | Revenue Per Share 49.02 | Quarterly Revenue Growth 0.127 |
The market value of CNA Financial is measured differently than its book value, which is the value of CNA that is recorded on the company's balance sheet. Investors also form their own opinion of CNA Financial's value that differs from its market value or its book value, called intrinsic value, which is CNA Financial'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 CNA Financial's market value can be influenced by many factors that don't directly affect CNA Financial'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 CNA Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if CNA Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CNA Financial'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.