Hecla Mining Stock Options Expiring on 28th of June
| HL Stock | USD 5.15 0.08 1.58% |
Hecla Mining's latest option contracts expiring on 2024-06-28 are carrying combined implied volatility of 68.86 with a put-to-call open interest ratio of 0.38 over 44 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2024-06-28. The current put volume is at 69.0, with calls trading at the volume of 289. This yields a 0.24 put-to-call volume ratio.
Open Interest Against 2024-06-28 Option Contracts
2024-06-28
The chart above shows Hecla Mining'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. Hecla Mining's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Hecla Mining's option, there is no secondary market available for investors to trade.
Hecla Mining Maximum Pain Price across 2024-06-28 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 Hecla Mining 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.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hecla Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Please note that buying 'in-the-money' options on Hecla Mining lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Hecla Mining'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 Hecla Mining 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 Hecla Stock moves the wrong way.
At this time, Hecla Mining's Common Stock Total Equity is quite stable compared to the past year. Hecla Mining In The Money Call Balance
When Hecla Mining's strike price is surpassing the current stock price, the option contract against Hecla Mining stock is said to be in the money. When it comes to buying Hecla Mining'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 Hecla Mining 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.
Hecla Current Options Market Mood
Hecla Mining'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 Hecla 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 Hecla Mining'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. Hecla Mining'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 Hecla Mining'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 Hecla contract
Base on the Rule 16, the options market is currently suggesting that Hecla Mining will have an average daily up or down price movement of about 4.3% per day over the life of the 2024-06-28 option contract. With Hecla Mining trading at USD 5.15, that is roughly USD 0.22. If you think that the market is fully incorporating Hecla Mining's daily price movement you should consider buying Hecla Mining options at the current volatility level of 68.86%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Hecla |
Hecla Mining Option Chain
When Hecla Mining's strike price is surpassing the current stock price, the option contract against Hecla Mining 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.
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Hecla Mining's option chain is a display of a range of information that helps investors for ways to trade options on Hecla. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Hecla. It also shows strike prices and maturity days for a Hecla Mining 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 | 2024-06-28 CALL at $1.5 | 0.9461 | 0.0109 | 0 | 2024-06-28 | 2.95 - 5.7 | 0.0 | In |
Call | 2024-06-28 CALL at $2.0 | 0.9156 | 0.0217 | 0 | 2024-06-28 | 2.25 - 5.2 | 0.0 | In |
Call | 2024-06-28 CALL at $2.5 | 0.8856 | 0.0302 | 0 | 2024-06-28 | 2.0 - 4.7 | 0.0 | In |
Call | 2024-06-28 CALL at $3.0 | 0.851 | 0.0445 | 0 | 2024-06-28 | 1.5 - 4.2 | 0.0 | In |
Call | 2024-06-28 CALL at $3.5 | 0.8111 | 0.0636 | 0 | 2024-06-28 | 1.0 - 3.7 | 0.0 | In |
Call | 2024-06-28 CALL at $4.0 | 0.8319 | 0.0303 | 1 | 2024-06-28 | 0.47 - 3.25 | 1.12 | In |
Call | 2024-06-28 CALL at $4.5 | 0.8237 | 0.3138 | 94 | 2024-06-28 | 0.59 - 0.77 | 0.74 | In |
Call | 2024-06-28 CALL at $5.0 | 0.6448 | 0.7615 | 131 | 2024-06-28 | 0.21 - 0.67 | 0.28 | In |
Call | 2024-06-28 CALL at $5.5 | 0.2397 | 0.7009 | 1252 | 2024-06-28 | 0.06 - 0.07 | 0.06 | Out |
Call | 2024-06-28 CALL at $6.0 | 0.0837 | 0.2824 | 728 | 2024-06-28 | 0.0 - 0.02 | 0.02 | Out |
Put | 2024-06-28 PUT at $4.5 | -0.052 | 0.2404 | 173 | 2024-06-28 | 0.0 - 0.23 | 0.01 | Out |
Put | 2024-06-28 PUT at $5.0 | -0.3214 | 0.9749 | 73 | 2024-06-28 | 0.07 - 0.1 | 0.08 | Out |
Put | 2024-06-28 PUT at $5.5 | -0.9953 | 18.1364 | 296 | 2024-06-28 | 0.19 - 0.8 | 0.35 | In |
Put | 2024-06-28 PUT at $6.0 | -0.71 | 0.2923 | 803 | 2024-06-28 | 0.69 - 1.38 | 0.7 | In |
Put | 2024-06-28 PUT at $6.5 | -0.5086 | 0.1174 | 0 | 2024-06-28 | 1.08 - 3.45 | 0.0 | In |
Put | 2024-06-28 PUT at $7.0 | -0.6257 | 0.1403 | 0 | 2024-06-28 | 0.81 - 3.95 | 1.82 | In |
Put | 2024-06-28 PUT at $7.5 | -0.6988 | 0.1382 | 0 | 2024-06-28 | 1.9 - 3.55 | 0.0 | In |
Put | 2024-06-28 PUT at $8.0 | -0.5544 | 0.0947 | 0 | 2024-06-28 | 2.63 - 4.9 | 0.0 | In |
Put | 2024-06-28 PUT at $8.5 | -0.5621 | 0.0894 | 0 | 2024-06-28 | 3.1 - 5.45 | 0.0 | In |
Put | 2024-06-28 PUT at $9.0 | -0.6846 | 0.1017 | 0 | 2024-06-28 | 2.82 - 5.9 | 0.0 | In |
Put | 2024-06-28 PUT at $9.5 | -0.6566 | 0.0924 | 0 | 2024-06-28 | 3.55 - 6.4 | 0.0 | In |
Put | 2024-06-28 PUT at $10.0 | -0.7899 | 0.0935 | 0 | 2024-06-28 | 4.8 - 5.45 | 0.0 | In |
Put | 2024-06-28 PUT at $10.5 | -0.9309 | 0.0617 | 0 | 2024-06-28 | 4.4 - 6.4 | 0.0 | In |
Put | 2024-06-28 PUT at $11.0 | -0.8113 | 0.0831 | 0 | 2024-06-28 | 4.85 - 7.35 | 0.0 | In |
Hecla Total Stockholder Equity
Total Stockholder Equity |
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Hecla Mining Corporate Directors
| Stephen Ralbovsky | Independent Director | Profile | |
| George Johnson | Independent Director | Profile | |
| Catherine Boggs | Independent Director | Profile | |
| Charles Stanley | Independent Director | Profile |
Additional Information and Resources on Investing in Hecla Stock
When determining whether Hecla Mining is a strong investment it is important to analyze Hecla Mining's 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 Hecla Mining's future performance. For an informed investment choice regarding Hecla Stock, refer to the following important reports:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hecla Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Hecla Stock please use our How to buy in Hecla Stock guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Is Metals & Mining space 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 Hecla Mining. If investors know Hecla 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 Hecla Mining 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 (0.81) | Dividend Share 0.025 | Earnings Share (0.14) | Revenue Per Share 1.165 | Quarterly Revenue Growth (0.05) |
The market value of Hecla Mining is measured differently than its book value, which is the value of Hecla that is recorded on the company's balance sheet. Investors also form their own opinion of Hecla Mining's value that differs from its market value or its book value, called intrinsic value, which is Hecla Mining'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 Hecla Mining's market value can be influenced by many factors that don't directly affect Hecla Mining'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 Hecla Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hecla Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hecla Mining'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.