2024-06-21 PUT at $45.0 Option on Helmerich and Payne
| HP Stock | USD 38.06 1.13 3.06% |
2024-06-21 PUT at $45.0 is a PUT option contract on Helmerich's common stock with a strick price of 45.0 expiring on 2024-06-21. The contract was last traded on 2024-05-08 at 15:54:35 for $6.9 and, as of today, has 19 days remaining before the expiration. The option is currently trading at a bid price of $6.3, and an ask price of $9.1. The implied volatility as of the 2nd of June is 80.21.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Helmerich and Payne. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Helmerich |
A put option written on Helmerich becomes more valuable as the price of Helmerich drops. Conversely, Helmerich's put option loses its value as Helmerich Stock rises. When exercised, put options on Helmerich produce a short position in Helmerich Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Helmerich's downside price movement.
Rule 16 of 2024-06-21 Option Contract
The options market is anticipating that Helmerich and Payne will have an average daily up or down price movement of about 5.01% per day over the life of the option. With Helmerich trading at USD 38.06, that is roughly USD 1.91. If you think that the market is fully understating Helmerich's daily price movement you should consider buying Helmerich and Payne options at that current volatility level of 80.21%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Put Option on Helmerich
An 'In The Money' option is one with a strike price that the current stock price has already surpassed. Some options investors can hedge their Helmerich positions using in-the-money options. They may also want to buy options with some intrinsic value, not just time value. However, because in-the-money options on Helmerich Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
| Put Contract Name | 2024-06-21 PUT at $45.0 |
| Expires On | 2024-06-21 |
| Days Before Expriration | 19 |
| Last Traded On | 2024-05-08 15:54:35 |
| Contract Period | MONTHLY |
| Open Interest | 0 |
| Current Trading Volume | 0.0 |
| Strike Price | 45.0 |
| Last Traded At | 6.9 |
| Current Price Spread | 6.3 | 9.1 |
| Rule 16 Daily Up or Down | USD1.91 |
Helmerich short PUT Option Greeks
Helmerich's Option Greeks for the contract ending on 2024-06-21 at a strike price of 45.0 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 Helmerich's option greeks, its implied volatility helps estimate the risk of Helmerich stock implied by the prices of the options on Helmerich's stock.
| Delta | -0.7865 | |
| Gamma | 0.0407 | |
| Theta | -0.0503 | |
| Vega | 0.0258 | |
| Rho | -0.0157 |
Helmerich long PUT Option Payoff at expiration
Put options written on Helmerich grant holders of the option the right to sell a specified amount of Helmerich at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Helmerich Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Helmerich is like buying insurance aginst Helmerich's downside shift.
Profit |
| Helmerich Price At Expiration |
Helmerich short PUT Option Payoff at expiration
By selling Helmerich's put option, the investors signal their bearish sentiment. A short position in a put option written on Helmerich will generally make money when the underlying price is above the strike price. Therefore Helmerich's put payoff at expiration depends on where the Helmerich Stock price is relative to the put option strike price. The breakeven price of 37.3 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to Helmerich's price. Finally, at the strike price of 45.0, the payoff chart is constant and positive.
Profit |
| Helmerich Price At Expiration |
Helmerich and Payne Available Put Options
Helmerich's option chain is a display of a range of information that helps investors for ways to trade options on Helmerich. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Helmerich. It also shows strike prices and maturity days for a Helmerich 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 | |||
Put | 2024-06-21 PUT at $30.0 | -0.0725 | 0.0208 | 609 | 2024-06-21 | 0.0 - 0.1 | 0.23 | Out |
Put | 2024-06-21 PUT at $32.5 | -0.0658 | 0.0308 | 124 | 2024-06-21 | 0.05 - 0.2 | 0.1 | Out |
Put | 2024-06-21 PUT at $35.0 | -0.1303 | 0.0716 | 206 | 2024-06-21 | 0.15 - 0.25 | 0.53 | Out |
Put | 2024-06-21 PUT at $37.5 | -0.3983 | 0.1468 | 253 | 2024-06-21 | 0.7 - 0.85 | 1.13 | Out |
Put | 2024-06-21 PUT at $40.0 | -0.9205 | 0.1654 | 773 | 2024-06-21 | 1.6 - 2.35 | 2.89 | In |
Put | 2024-06-21 PUT at $42.5 | -0.7338 | 0.0552 | 41 | 2024-06-21 | 3.0 - 5.3 | 3.7 | In |
Put | 2024-06-21 PUT at $45.0 | -0.7865 | 0.0407 | 0 | 2024-06-21 | 6.3 - 9.1 | 6.9 | In |
Put | 2024-06-21 PUT at $47.5 | -0.8316 | 0.0318 | 4 | 2024-06-21 | 9.3 - 10.8 | 9.0 | In |
Put | 2024-06-21 PUT at $50.0 | -0.9446 | 0.018 | 6 | 2024-06-21 | 10.7 - 13.4 | 13.6 | In |
Put | 2024-06-21 PUT at $52.5 | -0.8651 | 0.0219 | 0 | 2024-06-21 | 13.2 - 16.8 | 12.2 | In |
Put | 2024-06-21 PUT at $55.0 | -0.8488 | 0.0199 | 0 | 2024-06-21 | 15.4 - 17.7 | 18.8 | In |
Put | 2024-06-21 PUT at $60.0 | -0.929 | 0.0126 | 0 | 2024-06-21 | 20.0 - 22.2 | 22.4 | In |
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Our tools can tell you how much better you can do entering a position in Helmerich 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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Helmerich Corporate Directors
Helmerich corporate directors refer to members of a Helmerich board of directors. The board of directors generally takes responsibility for the Helmerich'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 Helmerich's board members must vote for the resolution. The Helmerich board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Edward Rust | Independent Director | Profile | |
| Jose Mas | Independent Director | Profile | |
| Mary VanDeWeghe | Independent Director | Profile | |
| Thomas Petrie | Independent Director | Profile |
Already Invested in Helmerich and Payne?
The danger of trading Helmerich and Payne 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 Helmerich 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 Helmerich. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Helmerich and Payne 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 Helmerich and Payne is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Helmerich Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Helmerich And Payne Stock. Highlighted below are key reports to facilitate an investment decision about Helmerich And Payne Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Helmerich and Payne. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Helmerich Stock analysis
When running Helmerich's price analysis, check to measure Helmerich'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 Helmerich is operating at the current time. Most of Helmerich's value examination focuses on studying past and present price action to predict the probability of Helmerich's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Helmerich's price. Additionally, you may evaluate how the addition of Helmerich to your portfolios can decrease your overall portfolio volatility.
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Is Helmerich'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 Helmerich. If investors know Helmerich 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 Helmerich 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 (0.46) | Dividend Share 1 | Earnings Share 3.49 | Revenue Per Share 27.592 | Quarterly Revenue Growth (0.11) |
The market value of Helmerich and Payne is measured differently than its book value, which is the value of Helmerich that is recorded on the company's balance sheet. Investors also form their own opinion of Helmerich's value that differs from its market value or its book value, called intrinsic value, which is Helmerich'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 Helmerich's market value can be influenced by many factors that don't directly affect Helmerich'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 Helmerich's value and its price as these two are different measures arrived at by different means. Investors typically determine if Helmerich is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Helmerich'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.