GATX Stock Options
| GATX Stock | USD 124.97 1.15 0.91% |
GATX's option chain provides insight into all available option contracts written on GATX's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of GATX'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 GATX option contract.
In The Money vs. Out of Money Option Contracts on GATX
Analyzing GATX's in-the-money options over time can help investors to take a profitable long position in GATX regardless of its overall volatility. This is especially true when GATX's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money GATX's options could be used as guardians of the underlying stock as they move almost dollar for dollar with GATX's stock while costing only a fraction of its price.
GATX's latest option contracts expiring on 2024-05-17 are carrying combined implied volatility of 29.51 with a put-to-call open interest ratio of 0.44 over 50 outstanding agreements suggesting investors are buying more calls than puts on contracts expiring on 2024-05-17. The current put volume is at 20, with calls trading at the volume of 4. This yields a 5.0 put-to-call volume ratio. The GATX option chain provides detailed quote and price information for the current GATX Corporation option contracts. It shows all of GATX's listed puts, calls, expiration dates, strike prices, and other pricing information.
Open Interest Against 2024-05-17 Option Contracts
GATX 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 GATX's lending market. For example, when GATX'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 GATX, he or she must hedge the risk by shorting GATX stock over its option's life.
2024-05-17
The chart above shows GATX'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. GATX's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for GATX's option, there is no secondary market available for investors to trade.
GATX Maximum Pain Price across 2024-05-17 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 GATX 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.
GATX's stock options are financial instruments that give investors the right to buy or sell shares of GATX common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell GATX stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If GATX's stock price goes up or down, the stock options follow.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GATX Corporation. 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. Please note that buying 'in-the-money' options on GATX lessens the impact of time decay, as they carry both intrinsic and time value. So, even if GATX'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 GATX 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 GATX Stock moves the wrong way.
At this time, GATX's Common Stock Shares Outstanding is fairly stable compared to the past year. Capital Stock is likely to rise to about 46.3 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 1.2 B in 2024. GATX In The Money Call Balance
When GATX's strike price is surpassing the current stock price, the option contract against GATX Corporation stock is said to be in the money. When it comes to buying GATX'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 GATX Corporation 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.
GATX Current Options Market Mood
GATX'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 GATX 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 GATX'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. GATX'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 GATX'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 GATX contract
Base on the Rule 16, the options market is currently suggesting that GATX Corporation will have an average daily up or down price movement of about 1.84% per day over the life of the 2024-05-17 option contract. With GATX trading at USD 124.97, that is roughly USD 2.3. If you think that the market is fully incorporating GATX's daily price movement you should consider buying GATX Corporation options at the current volatility level of 29.51%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
GATX |
Purchasing GATX 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" GATX calls. Remember, the seller must deliver GATX Corporation stock to the call owner when a call is exercised.
GATX Option Chain
When GATX's strike price is surpassing the current stock price, the option contract against GATX Corporation 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.
GATX's option chain is a display of a range of information that helps investors for ways to trade options on GATX. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for GATX. It also shows strike prices and maturity days for a GATX 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 | 2024-05-17 CALL at $75.0 | 0.9219 | 0.0027 | 0 | 2024-05-17 | 48.7 - 53.5 | 0.0 | In |
Call | 2024-05-17 CALL at $80.0 | 0.9977 | 2.0E-4 | 0 | 2024-05-17 | 44.0 - 48.5 | 0.0 | In |
Call | 2024-05-17 CALL at $85.0 | 0.9049 | 0.0038 | 0 | 2024-05-17 | 38.9 - 43.5 | 0.0 | In |
Call | 2024-05-17 CALL at $90.0 | 0.8944 | 0.0047 | 0 | 2024-05-17 | 33.8 - 38.5 | 0.0 | In |
Call | 2024-05-17 CALL at $95.0 | 0.9972 | 4.0E-4 | 0 | 2024-05-17 | 29.1 - 33.5 | 0.0 | In |
Call | 2024-05-17 CALL at $100.0 | 0.8667 | 0.0072 | 0 | 2024-05-17 | 24.1 - 28.5 | 0.0 | In |
Call | 2024-05-17 CALL at $105.0 | 0.9347 | 0.0078 | 0 | 2024-05-17 | 19.6 - 24.0 | 0.0 | In |
Call | 2024-05-17 CALL at $110.0 | 0.9173 | 0.0115 | 0 | 2024-05-17 | 14.7 - 19.0 | 0.0 | In |
Call | 2024-05-17 CALL at $115.0 | 0.8744 | 0.0191 | 0 | 2024-05-17 | 10.1 - 14.0 | 0.0 | In |
Call | 2024-05-17 CALL at $120.0 | 0.7671 | 0.0323 | 0 | 2024-05-17 | 6.4 - 9.0 | 0.0 | In |
Call | 2024-05-17 CALL at $125.0 | 0.5817 | 0.049 | 0 | 2024-05-17 | 3.4 - 4.4 | 7.7 | In |
Call | 2024-05-17 CALL at $130.0 | 0.3185 | 0.0502 | 5 | 2024-05-17 | 0.95 - 1.9 | 2.0 | Out |
Call | 2024-05-17 CALL at $135.0 | 0.1852 | 0.0299 | 37 | 2024-05-17 | 0.1 - 1.65 | 4.1 | Out |
Put | 2024-05-17 PUT at $115.0 | -0.1233 | 0.0191 | 11 | 2024-05-17 | 0.15 - 1.2 | 2.33 | Out |
Put | 2024-05-17 PUT at $120.0 | -0.2216 | 0.0334 | 4 | 2024-05-17 | 0.7 - 1.65 | 2.73 | Out |
Put | 2024-05-17 PUT at $125.0 | -0.4232 | 0.0468 | 2 | 2024-05-17 | 2.2 - 3.2 | 2.4 | Out |
Put | 2024-05-17 PUT at $130.0 | -0.6675 | 0.0465 | 4 | 2024-05-17 | 3.8 - 6.9 | 3.2 | In |
Put | 2024-05-17 PUT at $135.0 | -0.8932 | 0.0274 | 0 | 2024-05-17 | 7.1 - 11.1 | 0.0 | In |
Put | 2024-05-17 PUT at $140.0 | -0.7647 | 0.0187 | 0 | 2024-05-17 | 11.5 - 15.8 | 0.0 | In |
Put | 2024-05-17 PUT at $145.0 | -0.9493 | 0.0098 | 0 | 2024-05-17 | 16.7 - 21.3 | 0.0 | In |
Put | 2024-05-17 PUT at $150.0 | -0.9256 | 0.0097 | 0 | 2024-05-17 | 22.6 - 25.8 | 0.0 | In |
Put | 2024-05-17 PUT at $155.0 | -0.9613 | 0.0058 | 0 | 2024-05-17 | 26.7 - 31.3 | 0.0 | In |
Put | 2024-05-17 PUT at $160.0 | -0.9557 | 0.0055 | 0 | 2024-05-17 | 31.7 - 36.4 | 0.0 | In |
Put | 2024-05-17 PUT at $165.0 | -0.9534 | 0.005 | 0 | 2024-05-17 | 36.7 - 41.5 | 0.0 | In |
Put | 2024-05-17 PUT at $170.0 | -0.9626 | 0.004 | 0 | 2024-05-17 | 41.7 - 46.4 | 0.0 | In |
Put | 2024-05-17 PUT at $175.0 | -0.9705 | 0.0031 | 0 | 2024-05-17 | 46.7 - 51.3 | 0.0 | In |
Put | 2024-05-17 PUT at $180.0 | -0.9663 | 0.0032 | 0 | 2024-05-17 | 51.7 - 56.4 | 0.0 | In |
Put | 2024-05-17 PUT at $185.0 | -0.9804 | 0.002 | 0 | 2024-05-17 | 56.6 - 61.3 | 0.0 | In |
Put | 2024-05-17 PUT at $190.0 | -0.9688 | 0.0026 | 0 | 2024-05-17 | 61.7 - 66.4 | 0.0 | In |
Put | 2024-05-17 PUT at $195.0 | -0.9819 | 0.0017 | 0 | 2024-05-17 | 66.6 - 71.3 | 0.0 | In |
GATX 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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GATX 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 |
| Timeline |
GATX Total Stockholder Equity
Total Stockholder Equity |
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GATX Corporate Directors
GATX corporate directors refer to members of a GATX board of directors. The board of directors generally takes responsibility for the GATX's 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 GATX's board members must vote for the resolution. The GATX board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Stephen Wilson | Independent Director | Profile | |
| Anne Arvia | Independent Director | Profile | |
| David Sutherland | Lead Independent Director | Profile | |
| Christopher LaHurd | Director of Investor Relations | Profile |
Already Invested in GATX Corporation?
The danger of trading GATX Corporation 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 GATX 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 GATX. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile GATX 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 GATX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of GATX'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 Gatx Corporation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gatx Corporation Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GATX Corporation. 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. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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When running GATX's price analysis, check to measure GATX'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 GATX is operating at the current time. Most of GATX's value examination focuses on studying past and present price action to predict the probability of GATX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GATX's price. Additionally, you may evaluate how the addition of GATX to your portfolios can decrease your overall portfolio volatility.
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Is GATX'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 GATX. If investors know GATX 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 GATX 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) | Dividend Share 2.23 | Earnings Share 7.13 | Revenue Per Share 40.528 | Quarterly Revenue Growth 0.121 |
The market value of GATX is measured differently than its book value, which is the value of GATX that is recorded on the company's balance sheet. Investors also form their own opinion of GATX's value that differs from its market value or its book value, called intrinsic value, which is GATX'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 GATX's market value can be influenced by many factors that don't directly affect GATX'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 GATX's value and its price as these two are different measures arrived at by different means. Investors typically determine if GATX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GATX'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.