Evolent Health Stock Options

EVH Stock  USD 31.27  0.08  0.26%   
Evolent Health's option chain provides insight into all available option contracts written on Evolent Health's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Evolent Health's 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 Evolent option contract. View S&P 500 options
  
Purchasing Evolent Health 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" Evolent calls. Remember, the seller must deliver Evolent Health stock to the call owner when a call is exercised.

In The Money vs. Out of Money Option Contracts on Evolent Health

Analyzing Evolent Health's in-the-money options over time can help investors to take a profitable long position in Evolent Health regardless of its overall volatility. This is especially true when Evolent Health's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Evolent Health's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Evolent Health's stock while costing only a fraction of its price.
Evolent Health's latest option contracts expiring on 2023-02-17 are carrying combined implied volatility of 70.82 with a put-to-call open interest ratio of 0.25 over 24 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2023-02-17. The current put volume is at 53, with calls trading at the volume of 36. This yields a 1.47 put-to-call volume ratio. The Evolent Health option chain provides detailed quote and price information for the current Evolent Health option contracts. It shows all of Evolent Health's listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2023-02-17 Option Contracts

Evolent Health 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 Evolent Health's lending market. For example, when Evolent Health's 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 Evolent Health, he or she must hedge the risk by shorting Evolent Health stock over its option's life.
The chart above shows Evolent Health's 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. Evolent Health's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Evolent Health's option, there is no secondary market available for investors to trade.

Evolent Health Maximum Pain Price across 2023-02-17 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 Evolent Health 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.
Evolent Health's stock options are financial instruments that give investors the right to buy or sell shares of Evolent Health common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Evolent stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Evolent Health's stock price goes up or down, the stock options follow.
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Please note that buying 'in-the-money' options on Evolent Health lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Evolent Health's 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 Evolent Health 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 Evolent Stock moves the wrong way.
The current Net Income Common Stock is estimated to decrease to about (36.5 M)

Evolent Health In The Money Call Balance

When Evolent Health's strike price is surpassing the current stock price, the option contract against Evolent Health stock is said to be in the money. When it comes to buying Evolent Health's 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 Evolent Health 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.

Evolent Current Options Market Mood

Evolent Health's 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 Evolent 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 Evolent Health's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Evolent Health's 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 Evolent Health's 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 Evolent contract

Base on the Rule 16, the options market is currently suggesting that Evolent Health will have an average daily up or down price movement of about 4.43% per day over the life of the 2023-02-17 option contract. With Evolent Health trading at USD31.27, that is roughly USD1.38. If you think that the market is fully incorporating Evolent Health's daily price movement you should consider buying Evolent Health options at the current volatility level of 70.82%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Evolent Health Option Chain

When Evolent Health's strike price is surpassing the current stock price, the option contract against Evolent Health 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.
2023-02-172023-03-172023-06-162023-09-152023-12-15
Evolent Health's option chain is a display of a range of information that helps investors for ways to trade options on Evolent. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Evolent. It also shows strike prices and maturity days for a Evolent Health 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
2023-02-17 CALL at $15.00.96060.005662023-02-1715.3 - 17.912.5In
Call
2023-02-17 CALL at $17.50.95780.007602023-02-1713.1 - 15.00.0In
Call
2023-02-17 CALL at $20.00.8770.013202023-02-179.8 - 12.50.0In
Call
2023-02-17 CALL at $22.50.94580.015802023-02-177.4 - 10.60.0In
Call
2023-02-17 CALL at $25.00.85090.030152023-02-176.2 - 7.83.0In
Call
2023-02-17 CALL at $27.50.77390.047882023-02-173.9 - 5.63.73In
Call
2023-02-17 CALL at $30.00.65990.093152023-02-171.9 - 2.62.3In
Call
2023-02-17 CALL at $32.50.39810.10794712023-02-170.8 - 1.10.95Out
Call
2023-02-17 CALL at $35.00.19280.073722023-02-170.05 - 0.70.25Out
Call
2023-02-17 CALL at $37.50.07710.038302023-02-170.0 - 0.250.0Out
 Put
2023-02-17 PUT at $25.0-0.06530.0258122023-02-170.15 - 0.450.15Out
 Put
2023-02-17 PUT at $27.5-0.16040.055102023-02-170.25 - 0.550.4Out
 Put
2023-02-17 PUT at $30.0-0.33480.09851022023-02-170.8 - 0.951.0Out
 Put
2023-02-17 PUT at $32.5-0.61150.112722023-02-171.9 - 2.21.9In
 Put
2023-02-17 PUT at $35.0-0.8590.072702023-02-173.6 - 4.20.0In
 Put
2023-02-17 PUT at $37.5-0.93230.03602023-02-175.3 - 7.30.0In
 Put
2023-02-17 PUT at $40.0-0.85950.034602023-02-178.1 - 9.10.0In
 Put
2023-02-17 PUT at $42.5-0.86510.02802023-02-1710.3 - 13.00.0In

Evolent Health 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 Income Statement Impact.
   Net Income Common Stock   
       Timeline  

Evolent Health Historical Liabilities

While analyzing the current debt level is an essential aspect of forecasting the current year budgeting needs of Evolent Health, understanding its historical liability is critical in projecting Evolent Health's 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 Evolent Health uses its financing power over time.

Evolent Health Investors Sentiment

The influence of Evolent Health's 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 Evolent. 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 markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Evolent Health's public news can be used to forecast risks associated with investment in Evolent. The trend in average sentiment can be used to explain how an investor holding Evolent can time the market purely based on public headlines and social activities around Evolent Health. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Evolent Health's 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 Evolent Health's 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 Evolent Health's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Evolent Health.
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 Evolent Health 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, Evolent Health's short interest history, or implied volatility extrapolated from Evolent Health options trading.

Pair Trading with Evolent Health

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 Evolent Health 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 Evolent Health will appreciate offsetting losses from the drop in the long position's value.

Moving against Evolent Health

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The ability to find closely correlated positions to Evolent Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evolent Health 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 Evolent Health - 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 Evolent Health to buy it.
The correlation of Evolent Health 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 Evolent Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolent Health 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 Evolent Health 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.
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Is Evolent Health'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 Evolent Health. If investors know Evolent 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 Evolent Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
3.2 B
Quarterly Revenue Growth
0.585
Return On Assets
0.0047
Return On Equity
(0.59) 
The market value of Evolent Health is measured differently than its book value, which is the value of Evolent that is recorded on the company's balance sheet. Investors also form their own opinion of Evolent Health's value that differs from its market value or its book value, called intrinsic value, which is Evolent Health'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 Evolent Health's market value can be influenced by many factors that don't directly affect Evolent Health'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 Evolent Health's value and its price as these two are different measures arrived at by different means. Investors typically determine Evolent Health value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evolent Health'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.