DY230616P00115000 Option on Dycom Industries
| DY Stock | USD 134.71 0.04 0.03% |
Dycom Industries' option chain provides insight into all available option contracts written on Dycom Industries' stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Dycom Industries' 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 Dycom option contract.
In The Money vs. Out of Money Option Contracts on Dycom Industries
Analyzing Dycom Industries' in-the-money options over time can help investors to take a profitable long position in Dycom Industries regardless of its overall volatility. This is especially true when Dycom Industries' options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Dycom Industries' options could be used as guardians of the underlying stock as they move almost dollar for dollar with Dycom Industries' stock while costing only a fraction of its price.
Dycom Industries' latest option contracts expiring on 2024-04-19 are carrying combined implied volatility of 26.86 with a put-to-call open interest ratio of 0.18 over 58 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2024-04-19. The current put volume is at 10, with calls trading at the volume of 2. This yields a 5.0 put-to-call volume ratio. The Dycom Industries option chain provides detailed quote and price information for the current Dycom Industries option contracts. It shows all of Dycom Industries' listed puts, calls, expiration dates, strike prices, and other pricing information.
Open Interest Against 2024-04-19 Option Contracts
Dycom Industries 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 Dycom Industries' lending market. For example, when Dycom Industries' 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 Dycom Industries, he or she must hedge the risk by shorting Dycom Industries stock over its option's life.
2024-04-19
The chart above shows Dycom Industries' 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. Dycom Industries' open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Dycom Industries' option, there is no secondary market available for investors to trade.
Dycom Industries' stock options are financial instruments that give investors the right to buy or sell shares of Dycom Industries common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Dycom stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Dycom Industries' stock price goes up or down, the stock options follow.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dycom Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. Please note that buying 'in-the-money' options on Dycom Industries lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Dycom Industries' 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 Dycom Industries 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 Dycom Stock moves the wrong way.
At this time, Dycom Industries' Total Stockholder Equity is fairly stable compared to the past year. Common Stock Shares Outstanding is likely to rise to about 34.4 M in 2024, whereas Other Stockholder Equity is likely to drop slightly above 5.9 M in 2024. Dycom Industries In The Money Call Balance
When Dycom Industries' strike price is surpassing the current stock price, the option contract against Dycom Industries stock is said to be in the money. When it comes to buying Dycom Industries' 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 Dycom Industries 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.
Dycom Current Options Market Mood
Dycom Industries' 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 Dycom 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 Dycom Industries' calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Dycom Industries' 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 Dycom Industries' 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 Dycom contract
Base on the Rule 16, the options market is currently suggesting that Dycom Industries will have an average daily up or down price movement of about 1.68% per day over the life of the 2024-04-19 option contract. With Dycom Industries trading at USD 134.71, that is roughly USD 2.26. If you think that the market is fully incorporating Dycom Industries' daily price movement you should consider buying Dycom Industries options at the current volatility level of 26.86%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Dycom |
Purchasing Dycom Industries 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" Dycom calls. Remember, the seller must deliver Dycom Industries stock to the call owner when a call is exercised.
Dycom Industries Option Chain
When Dycom Industries' strike price is surpassing the current stock price, the option contract against Dycom Industries 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.
Dycom Industries' option chain is a display of a range of information that helps investors for ways to trade options on Dycom. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Dycom. It also shows strike prices and maturity days for a Dycom Industries 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 | 2024-04-19 CALL at $60.0 | 0.9795 | 8.0E-4 | 0 | 2024-04-19 | 73.6 - 76.9 | 0.0 | In |
Call | 2024-04-19 CALL at $65.0 | 0.976 | 0.001 | 0 | 2024-04-19 | 68.7 - 71.9 | 0.0 | In |
Call | 2024-04-19 CALL at $70.0 | 0.9822 | 0.001 | 0 | 2024-04-19 | 63.2 - 66.9 | 0.0 | In |
Call | 2024-04-19 CALL at $75.0 | 0.985 | 0.001 | 0 | 2024-04-19 | 58.0 - 61.9 | 0.0 | In |
Call | 2024-04-19 CALL at $80.0 | 0.974 | 0.0015 | 0 | 2024-04-19 | 53.4 - 56.9 | 0.0 | In |
Call | 2024-04-19 CALL at $85.0 | 0.9535 | 0.0024 | 0 | 2024-04-19 | 49.3 - 51.9 | 0.0 | In |
Call | 2024-04-19 CALL at $90.0 | 0.9585 | 0.0026 | 0 | 2024-04-19 | 43.8 - 46.9 | 0.0 | In |
Call | 2024-04-19 CALL at $95.0 | 0.9613 | 0.003 | 0 | 2024-04-19 | 38.5 - 41.9 | 0.0 | In |
Call | 2024-04-19 CALL at $100.0 | 0.9885 | 0.0017 | 0 | 2024-04-19 | 33.0 - 36.6 | 0.0 | In |
Call | 2024-04-19 CALL at $105.0 | 0.9944 | 0.0012 | 0 | 2024-04-19 | 27.6 - 31.9 | 0.0 | In |
Call | 2024-04-19 CALL at $110.0 | 0.9935 | 0.0016 | 0 | 2024-04-19 | 22.5 - 27.0 | 0.0 | In |
Call | 2024-04-19 CALL at $115.0 | 0.9922 | 0.0024 | 8 | 2024-04-19 | 18.0 - 21.5 | 27.69 | In |
Call | 2024-04-19 CALL at $120.0 | 0.9098 | 0.0135 | 7 | 2024-04-19 | 13.7 - 16.8 | 22.3 | In |
Call | 2024-04-19 CALL at $125.0 | 0.8819 | 0.0226 | 11 | 2024-04-19 | 8.8 - 11.7 | 12.45 | In |
Call | 2024-04-19 CALL at $130.0 | 0.8878 | 0.0475 | 156 | 2024-04-19 | 4.1 - 5.8 | 8.59 | In |
Call | 2024-04-19 CALL at $135.0 | 0.4437 | 0.2169 | 16 | 2024-04-19 | 0.15 - 1.05 | 1.6 | Out |
Put | 2024-04-19 PUT at $135.0 | -0.555 | 0.2093 | 62 | 2024-04-19 | 0.8 - 2.6 | 0.9 | In |
Put | 2024-04-19 PUT at $140.0 | -0.705 | 0.0382 | 11 | 2024-04-19 | 3.0 - 6.9 | 4.0 | In |
Put | 2024-04-19 PUT at $145.0 | -0.9048 | 0.0229 | 0 | 2024-04-19 | 9.4 - 11.8 | 6.6 | In |
Put | 2024-04-19 PUT at $150.0 | -0.9918 | 0.0038 | 0 | 2024-04-19 | 13.7 - 16.9 | 0.0 | In |
Put | 2024-04-19 PUT at $155.0 | -0.9507 | 0.0092 | 0 | 2024-04-19 | 18.5 - 22.5 | 0.0 | In |
Put | 2024-04-19 PUT at $160.0 | -0.8492 | 0.0112 | 0 | 2024-04-19 | 23.1 - 26.8 | 20.2 | In |
Put | 2024-04-19 PUT at $165.0 | -0.9952 | 0.0013 | 0 | 2024-04-19 | 28.6 - 32.0 | 44.1 | In |
Put | 2024-04-19 PUT at $170.0 | -0.9442 | 0.006 | 0 | 2024-04-19 | 33.1 - 35.7 | 0.0 | In |
Put | 2024-04-19 PUT at $175.0 | -0.9322 | 0.0059 | 0 | 2024-04-19 | 38.1 - 40.9 | 0.0 | In |
Put | 2024-04-19 PUT at $180.0 | -0.9557 | 0.0043 | 0 | 2024-04-19 | 44.3 - 47.0 | 0.0 | In |
Put | 2024-04-19 PUT at $185.0 | -0.861 | 0.0063 | 0 | 2024-04-19 | 48.0 - 52.5 | 0.0 | In |
Put | 2024-04-19 PUT at $190.0 | -0.9042 | 0.0052 | 0 | 2024-04-19 | 53.1 - 56.6 | 0.0 | In |
Put | 2024-04-19 PUT at $195.0 | -0.9079 | 0.0048 | 0 | 2024-04-19 | 58.1 - 61.6 | 0.0 | In |
Put | 2024-04-19 PUT at $200.0 | -0.9068 | 0.0046 | 0 | 2024-04-19 | 63.1 - 66.7 | 0.0 | In |
Dycom Industries Total Stockholder Equity Over Time
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders. Total Stockholder Equity |
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Dycom Industries Common Stock Shares Outstanding Over Time
The total number of shares of a company's common stock that are currently owned by all its shareholders. Common Stock Shares Outstanding |
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Dycom Total Stockholder Equity
Total Stockholder Equity |
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Dycom Industries Corporate Directors
Dycom Industries corporate directors refer to members of a Dycom Industries board of directors. The board of directors generally takes responsibility for the Dycom Industries' 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 Dycom Industries' board members must vote for the resolution. The Dycom Industries board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Dwight Duke | Independent Director | Profile | |
| Laurie Thomsen | Independent Director | Profile | |
| Eitan Gertelas | Independent Director | Profile | |
| Charles Coe | Independent Director | Profile |
Already Invested in Dycom Industries?
The danger of trading Dycom Industries 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 Dycom Industries 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 Dycom Industries. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Dycom Industries 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 Dycom Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dycom Industries' 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 Dycom Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Dycom Industries Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dycom Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy Dycom Stock please use our How to Invest in Dycom Industries guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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When running Dycom Industries' price analysis, check to measure Dycom Industries' 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 Dycom Industries is operating at the current time. Most of Dycom Industries' value examination focuses on studying past and present price action to predict the probability of Dycom Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dycom Industries' price. Additionally, you may evaluate how the addition of Dycom Industries to your portfolios can decrease your overall portfolio volatility.
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Is Dycom Industries' 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 Dycom Industries. If investors know Dycom 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 Dycom Industries 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 (0.05) | Earnings Share 7.36 | Revenue Per Share 142.35 | Quarterly Revenue Growth 0.038 | Return On Assets 0.0836 |
The market value of Dycom Industries is measured differently than its book value, which is the value of Dycom that is recorded on the company's balance sheet. Investors also form their own opinion of Dycom Industries' value that differs from its market value or its book value, called intrinsic value, which is Dycom Industries' 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 Dycom Industries' market value can be influenced by many factors that don't directly affect Dycom Industries' 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 Dycom Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dycom Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dycom Industries' 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.