Danaos Stock Options

Stocks . USA . 
Stock . Danaos
DAC Stock  USD 59.62  1.49  2.44%   
Danaos' option chain provides insight into all available option contracts written on Danaos' stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Danaos' stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given Danaos option contract. View S&P 500 options
  
Purchasing Danaos options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Danaos calls. Remember, the seller must deliver Danaos stock to the call owner when a call is exercised.

In The Money vs. Out of Money Option Contracts on Danaos

Analyzing Danaos' in-the-money options over time can help investors to take a profitable long position in Danaos regardless of its overall volatility. This is especially true when Danaos' options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Danaos' options could be used as guardians of the underlying stock as they move almost dollar for dollar with Danaos' stock while costing only a fraction of its price.
Danaos' latest option contracts expiring on 2023-06-16 are carrying combined implied volatility of 44.84 with a put-to-call open interest ratio of 0.93 over 52 outstanding agreements suggesting investors are buying slightly more calls than puts on contracts expiring on 2023-06-16. The current put volume is at 17, with calls trading at the volume of 80. This yields a 0.21 put-to-call volume ratio. The Danaos option chain provides detailed quote and price information for the current Danaos option contracts. It shows all of Danaos' listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2023-06-16 Option Contracts

Danaos option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Danaos' lending market. For example, when Danaos' puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Danaos, he or she must hedge the risk by shorting Danaos stock over its option's life.
2023-06-16
2023-06-16
2023-07-21
2023-10-20
2024-01-19
2025-01-17
The chart above shows Danaos' distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Danaos' open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Danaos' option, there is no secondary market available for investors to trade.

Danaos Maximum Pain Price across 2023-06-16 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Danaos close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Danaos' stock options are financial instruments that give investors the right to buy or sell shares of Danaos common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Danaos stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Danaos' stock price goes up or down, the stock options follow.
Check out Investing Opportunities to better understand how to build diversified portfolios. For information on how to trade Danaos Stock refer to our How to Trade Danaos Stock guide.
Please note that buying 'in-the-money' options on Danaos lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Danaos' value remains static through the expiration date, the investor can sell to close an 'in-the-money' option to avoid a potential loss. However, in-the-money Danaos contracts are usually more expensive to enter than their out-of-the-money counterparts. So keep in mind that while the payoffs on an in-the-money trade can be high, the investors could ultimately experience a more consequential loss if Danaos Stock moves the wrong way.
The current year's Net Income Common Stock is expected to grow to about 603.4 M

Danaos In The Money Call Balance

When Danaos' strike price is surpassing the current stock price, the option contract against Danaos stock is said to be in the money. When it comes to buying Danaos' options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Danaos are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

Danaos Current Options Market Mood

Danaos' open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Danaos Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Most options investors, including buyers and sellers of Danaos' calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Danaos' option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Danaos' option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.

Rule 16 of the current Danaos contract

Base on the Rule 16, the options market is currently suggesting that Danaos will have an average daily up or down price movement of about 2.8% per day over the life of the 2023-06-16 option contract. With Danaos trading at USD59.62, that is roughly USD1.67. If you think that the market is fully incorporating Danaos' daily price movement you should consider buying Danaos options at the current volatility level of 44.84%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Danaos Option Chain

When Danaos' strike price is surpassing the current stock price, the option contract against Danaos stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
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Danaos' option chain is a display of a range of information that helps investors for ways to trade options on Danaos. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Danaos. It also shows strike prices and maturity days for a Danaos 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.
DeltaGammaOpen IntExpirationCurrent SpreadLast Price
Call
2023-06-16 CALL at $30.00.94360.003902023-06-1627.2 - 31.00.0In
Call
2023-06-16 CALL at $35.00.92160.005902023-06-1622.6 - 26.00.0In
Call
2023-06-16 CALL at $40.00.89740.008902023-06-1617.8 - 21.020.1In
Call
2023-06-16 CALL at $45.00.87490.013902023-06-1612.6 - 16.015.8In
Call
2023-06-16 CALL at $50.00.77990.02171022023-06-167.7 - 10.810.21In
Call
2023-06-16 CALL at $55.00.73420.05561812023-06-163.7 - 4.95.4In
Call
2023-06-16 CALL at $60.00.37380.081510642023-06-160.85 - 1.151.15Out
Call
2023-06-16 CALL at $65.00.09420.03595562023-06-160.05 - 0.30.2Out
Call
2023-06-16 CALL at $70.00.02550.01113692023-06-160.0 - 0.10.05Out
 Put
2023-06-16 PUT at $40.0-0.0250.00491652023-06-160.0 - 0.250.12Out
 Put
2023-06-16 PUT at $45.0-0.04430.011912023-06-160.05 - 0.30.18Out
 Put
2023-06-16 PUT at $50.0-0.06910.02124652023-06-160.1 - 0.30.25Out
 Put
2023-06-16 PUT at $55.0-0.19250.066810032023-06-160.45 - 0.650.45Out
 Put
2023-06-16 PUT at $60.0-0.69020.11083892023-06-162.3 - 2.652.3In
 Put
2023-06-16 PUT at $65.0-0.98150.01366422023-06-165.9 - 7.56.59In
 Put
2023-06-16 PUT at $70.0-0.96350.013412023-06-1610.9 - 12.68.1In
 Put
2023-06-16 PUT at $75.0-0.87780.017422023-06-1615.6 - 17.324.1In
 Put
2023-06-16 PUT at $80.0-0.88060.01402023-06-1620.7 - 22.426.0In
 Put
2023-06-16 PUT at $85.0-0.89050.011602023-06-1624.4 - 27.424.75In
 Put
2023-06-16 PUT at $90.0-0.89790.0102023-06-1630.4 - 32.40.0In
 Put
2023-06-16 PUT at $95.0-0.87980.009502023-06-1635.4 - 37.70.0In
 Put
2023-06-16 PUT at $100.0-0.90810.007902023-06-1640.5 - 42.40.0In
 Put
2023-06-16 PUT at $105.0-0.88970.007802023-06-1645.4 - 47.70.0In
 Put
2023-06-16 PUT at $110.0-0.90730.006802023-06-1649.8 - 52.50.0In
 Put
2023-06-16 PUT at $115.0-0.91780.006102023-06-1655.8 - 57.40.0In
 Put
2023-06-16 PUT at $120.0-0.91280.009102023-06-1660.5 - 62.50.0In
 Put
2023-06-16 PUT at $125.0-0.94510.004502023-06-1665.5 - 68.70.0In
 Put
2023-06-16 PUT at $130.0-0.87530.006302023-06-1669.4 - 73.20.0In
 Put
2023-06-16 PUT at $135.0-0.92520.004802023-06-1675.4 - 77.40.0In
 Put
2023-06-16 PUT at $140.0-0.92660.004602023-06-1680.8 - 82.40.0In
 Put
2023-06-16 PUT at $145.0-0.92130.004602023-06-1685.5 - 87.50.0In
 Put
2023-06-16 PUT at $150.0-0.96280.002902023-06-1690.6 - 93.30.0In
 Put
2023-06-16 PUT at $155.0-0.91750.004502023-06-1695.5 - 97.60.0In

Danaos Net Income Common Stock Over Time

The amount of net income (loss) for the period due to common shareholders. Typically differs from Net Income to the parent entity due to the deduction of Preferred Dividends.
   Net Income Common Stock   
       Timeline  

Danaos Historical Liabilities

While analyzing the current debt level is an essential aspect of forecasting the current year budgeting needs of Danaos, understanding its historical liability is critical in projecting Danaos' future earnings, especially during periods of low and high inflation and deflation. Many analysts look at the trend in assets and liabilities and evaluate how Danaos uses its financing power over time.

Danaos Investors Sentiment

The influence of Danaos' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Danaos. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Danaos' public news can be used to forecast risks associated with an investment in Danaos. The trend in average sentiment can be used to explain how an investor holding Danaos can time the market purely based on public headlines and social activities around Danaos. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Danaos' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Danaos' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Danaos' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Danaos.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Danaos in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Danaos' short interest history, or implied volatility extrapolated from Danaos options trading.

Pair Trading with Danaos

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Danaos position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Danaos will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Danaos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danaos when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Danaos - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Danaos to buy it.
The correlation of Danaos is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Danaos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danaos moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Danaos can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Investing Opportunities to better understand how to build diversified portfolios. For information on how to trade Danaos Stock refer to our How to Trade Danaos Stock guide. Note that the Danaos information on this page should be used as a complementary analysis to other Danaos' 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Is Danaos' 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 Danaos. If investors know Danaos 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 Danaos 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
(0.55) 
Dividend Share
3
Earnings Share
18.46
Revenue Per Share
49.376
Quarterly Revenue Growth
0.059
The market value of Danaos is measured differently than its book value, which is the value of Danaos that is recorded on the company's balance sheet. Investors also form their own opinion of Danaos' value that differs from its market value or its book value, called intrinsic value, which is Danaos' 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 Danaos' market value can be influenced by many factors that don't directly affect Danaos' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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Please note, there is a significant difference between Danaos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Danaos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Danaos' 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. Check out Investing Opportunities to better understand how to build diversified portfolios. For information on how to trade Danaos Stock refer to our How to Trade Danaos Stock guide.
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