2024-06-21 CALL at $5.0 Option on Dennys Corp
| DENN Stock | USD 7.30 0.34 4.89% |
2024-06-21 CALL at $5.0 is a CALL option contract on Dennys Corp's common stock with a strick price of 5.0 expiring on 2024-06-21. The contract was last traded on 2024-05-29 at 12:24:48 for $1.9 and, as of today, has 19 days remaining before the expiration. The option is currently trading at a bid price of $2.25, and an ask price of $2.55. The implied volatility as of the 2nd of June is 127.55.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dennys Corp. 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. To learn how to invest in Dennys Stock, please use our How to Invest in Dennys Corp guide.
Dennys |
Call options on Dennys Corp give the investor right to buy Dennys Stock at a specified price within a specific period. The strike price represents the predetermined price at which a call buyer can buy Dennys Stock. Call options may be purchased for speculation or sold for income purposes, or simply combined for various spread or combination strategies. If Dennys Corp's price is above the strike price at expiry, the profit is the current Dennys Corp's stock price, minus the strike price and the premium.
Rule 16 of 2024-06-21 Option Contract
The options market is anticipating that Dennys Corp will have an average daily up or down price movement of about 7.97% per day over the life of the option. With Dennys Corp trading at USD 7.3, that is roughly USD 0.58. If you think that the market is fully understating Dennys Corp's daily price movement you should consider buying Dennys Corp options at that current volatility level of 127.55%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Call Option on Dennys Corp
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 Dennys Corp 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 Dennys 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 | 2024-06-21 CALL at $5.0 |
| Expires On | 2024-06-21 |
| Days Before Expriration | 19 |
| Last Traded On | 2024-05-29 12:24:48 |
| Contract Period | MONTHLY |
| Open Interest | 3 |
| Current Trading Volume | 0.0 |
| Strike Price | 5.0 |
| Last Traded At | 1.9 |
| Current Price Spread | 2.25 | 2.55 |
| Rule 16 Daily Up or Down | USD0.58 |
Dennys short CALL Option Greeks
Dennys Corp's Option Greeks for the contract ending on 2024-06-21 at a strike price of 5.0 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 Dennys Corp's option greeks, its implied volatility helps estimate the risk of Dennys Corp stock implied by the prices of the options on Dennys Corp's stock.
| Delta | 0.9232 | |
| Gamma | 0.0662 | |
| Theta | -0.0085 | |
| Vega | 0.0025 | |
| Rho | 0.0024 |
Dennys long CALL Option Payoff at expiration
Buying Dennys Corp's call option is the simplest of option trades. A call option on Dennys Stock gives investors the right (but not the obligation) to purchase Dennys Corp at the given strike price. Therefore Dennys Corp's call intrinsic value or payoff at expiration depends on where the Dennys Stock price is relative to the call option strike price. The strike price of 5.0 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 Dennys Corp's price. Finally, at the break-even point of 7.4, the line crosses zero, and trading Dennys becomes profitable.
Profit |
| Dennys Corp Price At Expiration |
Dennys short CALL Option Payoff at expiration
By selling Dennys Corp's call option, the investors signals his or her bearish sentiment. A short position in a call option written on Dennys Corp will generally make money when the underlying price goes down. Therefore Dennys Corp's call intrinsic value or payoff at expiration depends on where the Dennys Stock price is relative to the call option strike price. The strike price of 5.0 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 Dennys Corp's price. Finally, at the break-even point of 7.4, the line crosses zero, and trading Dennys becomes disadvantageous with no downside limits.
Profit |
| Dennys Corp Price At Expiration |
Dennys Corp Available Call Options
Dennys Corp's option chain is a display of a range of information that helps investors for ways to trade options on Dennys. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Dennys. It also shows strike prices and maturity days for a Dennys Corp 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 | 2024-06-21 CALL at $2.5 | 0.9669 | 0.0138 | 0 | 2024-06-21 | 4.6 - 4.9 | 4.3 | In |
Call | 2024-06-21 CALL at $5.0 | 0.9232 | 0.0662 | 3 | 2024-06-21 | 2.25 - 2.55 | 1.9 | In |
Call | 2024-06-21 CALL at $7.5 | 0.3531 | 0.8583 | 19 | 2024-06-21 | 0.0 - 0.2 | 0.1 | Out |
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Dennys Corp Corporate Management
Elected by the shareholders, the Dennys Corp's board of directors comprises two types of representatives: Dennys Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dennys. The board's role is to monitor Dennys Corp's management team and ensure that shareholders' interests are well served. Dennys Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Dennys Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Stephen Dunn | Chief Global Devel. Officer and Sr. VP | Profile | |
| Stephanie Davidson | Chief Officer | Profile | |
| Pankaj Patra | Executive Officer | Profile | |
| Ross Nell | VP Treasurer | Profile | |
| Laurie Curtis | VP Innovation | Profile |
Already Invested in Dennys Corp?
The danger of trading Dennys Corp 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 Dennys Corp 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 Dennys Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Dennys Corp 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 Dennys Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dennys Corp'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 Dennys Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Dennys Corp Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dennys Corp. 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. To learn how to invest in Dennys Stock, please use our How to Invest in Dennys Corp guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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When running Dennys Corp's price analysis, check to measure Dennys Corp'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 Dennys Corp is operating at the current time. Most of Dennys Corp's value examination focuses on studying past and present price action to predict the probability of Dennys Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dennys Corp's price. Additionally, you may evaluate how the addition of Dennys Corp to your portfolios can decrease your overall portfolio volatility.
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Is Dennys Corp'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 Dennys Corp. If investors know Dennys 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 Dennys Corp 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 7.84 | Earnings Share 0.43 | Revenue Per Share 8.323 | Quarterly Revenue Growth (0.06) | Return On Assets 0.08 |
The market value of Dennys Corp is measured differently than its book value, which is the value of Dennys that is recorded on the company's balance sheet. Investors also form their own opinion of Dennys Corp's value that differs from its market value or its book value, called intrinsic value, which is Dennys Corp'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 Dennys Corp's market value can be influenced by many factors that don't directly affect Dennys Corp'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 Dennys Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dennys Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dennys Corp'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.