2024-06-21 CALL at $13.0 Option on Extreme Networks
| EXTR Stock | USD 11.15 0.09 0.81% |
2024-06-21 CALL at $13.0 is a CALL option contract on Extreme Networks' common stock with a strick price of 13.0 expiring on 2024-06-21. The contract was last traded on 2024-05-31 at 12:09:45 for $0.05 and, as of today, has 19 days remaining before the expiration. The option is currently trading at a bid price of $0.0, and an ask price of $0.1. The implied volatility as of the 2nd of June is 46.57.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extreme Networks. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Extreme Stock, please use our How to Invest in Extreme Networks guide.
Extreme |
Call options on Extreme Networks give the investor right to buy Extreme Stock at a specified price within a specific period. The strike price represents the predetermined price at which a call buyer can buy Extreme Stock. Call options may be purchased for speculation or sold for income purposes, or simply combined for various spread or combination strategies. If Extreme Networks' price is above the strike price at expiry, the profit is the current Extreme Networks' stock price, minus the strike price and the premium.
Rule 16 of 2024-06-21 Option Contract
The options market is anticipating that Extreme Networks will have an average daily up or down price movement of about 2.91% per day over the life of the option. With Extreme Networks trading at USD 11.15, that is roughly USD 0.32. If you think that the market is fully understating Extreme Networks' daily price movement you should consider buying Extreme Networks options at that current volatility level of 46.57%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Call Option on Extreme Networks
An 'Out of The Money' option on Extreme has a strike price that Extreme Stock has yet to reach, meaning the option has no intrinsic value. 'Out of The Money' options are usually less costly than 'In The Money' options, making them more desirable to traders with smaller amounts of capital. Some of the uses for Extreme Networks' 'Out of The Money' options include buying the options if you expect a big move in Extreme Networks' stock. Since 'Out of The Money' options have a lower up-front cost (i.e., no intrinsic value) than 'In The Money' options, buying it is a reasonable choice.
| Call Contract Name | 2024-06-21 CALL at $13.0 |
| Expires On | 2024-06-21 |
| Days Before Expriration | 19 |
| Last Traded On | 2024-05-31 12:09:45 |
| Contract Period | MONTHLY |
| Open Interest | 500 |
| Current Trading Volume | 20.0 |
| Strike Price | 13.0 |
| Last Traded At | 0.05 |
| Current Price Spread | 0.0 | 0.1 |
| Rule 16 Daily Up or Down | USD0.32 |
Extreme short CALL Option Greeks
Extreme Networks' Option Greeks for the contract ending on 2024-06-21 at a strike price of 13.0 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 Extreme Networks' option greeks, its implied volatility helps estimate the risk of Extreme Networks stock implied by the prices of the options on Extreme Networks' stock.
| Delta | 0.0922 | |
| Gamma | 0.136 | |
| Theta | -0.0052 | |
| Vega | 0.0043 | |
| Rho | 5.0E-4 |
Extreme long CALL Option Payoff at expiration
Buying Extreme Networks' call option is the simplest of option trades. A call option on Extreme Stock gives investors the right (but not the obligation) to purchase Extreme Networks at the given strike price. Therefore Extreme Networks' call intrinsic value or payoff at expiration depends on where the Extreme Stock price is relative to the call option strike price. The strike price of 13.0 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 Extreme Networks' price. Finally, at the break-even point of 13.05, the line crosses zero, and trading Extreme becomes profitable.
Profit |
| Extreme Networks Price At Expiration |
Extreme short CALL Option Payoff at expiration
By selling Extreme Networks' call option, the investors signals his or her bearish sentiment. A short position in a call option written on Extreme Networks will generally make money when the underlying price goes down. Therefore Extreme Networks' call intrinsic value or payoff at expiration depends on where the Extreme Stock price is relative to the call option strike price. The strike price of 13.0 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 Extreme Networks' price. Finally, at the break-even point of 13.05, the line crosses zero, and trading Extreme becomes disadvantageous with no downside limits.
Profit |
| Extreme Networks Price At Expiration |
Extreme Networks Available Call Options
Extreme Networks' option chain is a display of a range of information that helps investors for ways to trade options on Extreme. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Extreme. It also shows strike prices and maturity days for a Extreme Networks 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 $3.0 | 0.9567 | 0.0036 | 0 | 2024-06-21 | 6.5 - 9.8 | 0.0 | In |
Call | 2024-06-21 CALL at $5.0 | 0.9574 | 0.0146 | 0 | 2024-06-21 | 4.8 - 7.8 | 0.0 | In |
Call | 2024-06-21 CALL at $6.0 | 0.8912 | 0.0236 | 0 | 2024-06-21 | 4.8 - 6.7 | 0.0 | In |
Call | 2024-06-21 CALL at $7.0 | 0.9154 | 0.0349 | 0 | 2024-06-21 | 2.95 - 5.8 | 0.0 | In |
Call | 2024-06-21 CALL at $8.0 | 0.9695 | 0.0329 | 7 | 2024-06-21 | 1.6 - 4.8 | 3.64 | In |
Call | 2024-06-21 CALL at $9.0 | 0.8107 | 0.0819 | 0 | 2024-06-21 | 1.85 - 3.3 | 0.0 | In |
Call | 2024-06-21 CALL at $10.0 | 0.765 | 0.1564 | 44 | 2024-06-21 | 0.05 - 2.9 | 2.0 | In |
Call | 2024-06-21 CALL at $11.0 | 0.5973 | 0.4356 | 238 | 2024-06-21 | 0.45 - 0.55 | 0.45 | In |
Call | 2024-06-21 CALL at $12.0 | 0.2467 | 0.2941 | 1420 | 2024-06-21 | 0.1 - 0.2 | 0.15 | Out |
Call | 2024-06-21 CALL at $13.0 | 0.0922 | 0.136 | 500 | 2024-06-21 | 0.0 - 0.1 | 0.05 | Out |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Extreme Networks 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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Extreme Networks Corporate Management
Elected by the shareholders, the Extreme Networks' board of directors comprises two types of representatives: Extreme Networks inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Extreme. The board's role is to monitor Extreme Networks' management team and ensure that shareholders' interests are well served. Extreme Networks' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Extreme Networks' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joseph Vitalone | Chief Officer | Profile | |
| Gina Christopher | Deputy Counsel | Profile | |
| Rmi Thomas | Ex CFO | Profile | |
| Wesley Durow | Chief Officer | Profile | |
| Katayoun Motiey | Administrative Legal | Profile |
Already Invested in Extreme Networks?
The danger of trading Extreme Networks 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 Extreme Networks 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 Extreme Networks. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Extreme Networks 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 Extreme Networks is a strong investment it is important to analyze Extreme Networks' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Extreme Networks' future performance. For an informed investment choice regarding Extreme Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extreme Networks. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Extreme Stock, please use our How to Invest in Extreme Networks guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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When running Extreme Networks' price analysis, check to measure Extreme Networks' 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 Extreme Networks is operating at the current time. Most of Extreme Networks' value examination focuses on studying past and present price action to predict the probability of Extreme Networks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Extreme Networks' price. Additionally, you may evaluate how the addition of Extreme Networks to your portfolios can decrease your overall portfolio volatility.
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Is Extreme Networks' 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 Extreme Networks. If investors know Extreme 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 Extreme Networks 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 (0.77) | Earnings Share (0.06) | Revenue Per Share 9.504 | Quarterly Revenue Growth (0.36) | Return On Assets 0.0282 |
The market value of Extreme Networks is measured differently than its book value, which is the value of Extreme that is recorded on the company's balance sheet. Investors also form their own opinion of Extreme Networks' value that differs from its market value or its book value, called intrinsic value, which is Extreme Networks' 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 Extreme Networks' market value can be influenced by many factors that don't directly affect Extreme Networks' 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 Extreme Networks' value and its price as these two are different measures arrived at by different means. Investors typically determine if Extreme Networks is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Extreme Networks' 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.