2024-05-17 CALL at $5.0 Option on Heritage Commerce Corp
| HTBK Stock | USD 8.41 0.01 0.12% |
2024-05-17 CALL at $5.0 is a CALL option contract on Heritage Commerce's common stock with a strick price of 5.0 expiring on 2024-05-17. The contract was not traded in recent days and, as of today, has 0 days remaining before the expiration. The option is currently trading at a bid price of $3.1, and an ask price of $4.8. The implied volatility as of the 17th of May 2024 is 984.47.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Commerce Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Heritage |
Call options on Heritage Commerce give the investor right to buy Heritage Stock at a specified price within a specific period. The strike price represents the predetermined price at which a call buyer can buy Heritage Stock. Call options may be purchased for speculation or sold for income purposes, or simply combined for various spread or combination strategies. If Heritage Commerce's price is above the strike price at expiry, the profit is the current Heritage Commerce's stock price, minus the strike price and the premium.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that Heritage Commerce Corp will have an average daily up or down price movement of about 61.53% per day over the life of the option. With Heritage Commerce trading at USD 8.41, that is roughly USD 5.17. If you think that the market is fully understating Heritage Commerce's daily price movement you should consider buying Heritage Commerce Corp options at that current volatility level of 984.47%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Call Option on Heritage Commerce
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 Heritage Commerce 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 Heritage Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
| Call Contract Name | 2024-05-17 CALL at $5.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 0 |
| Last Traded On | 0000-00-00 00:00:00 |
| Contract Period | MONTHLY |
| Open Interest | 0 |
| Current Trading Volume | 0.0 |
| Strike Price | 5.0 |
| Last Traded At | 0.0 |
| Current Price Spread | 3.1 | 4.8 |
| Rule 16 Daily Up or Down | USD5.17 |
Heritage short CALL Option Greeks
Heritage Commerce's Option Greeks for the contract ending on 2024-05-17 at a strike price of 5.0 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 Heritage Commerce's option greeks, its implied volatility helps estimate the risk of Heritage Commerce stock implied by the prices of the options on Heritage Commerce's stock.
| Delta | 0.8552 | |
| Gamma | 0.0376 | |
| Theta | -0.3433 | |
| Vega | 0.0014 | |
| Rho | 2.0E-4 |
Heritage long CALL Option Payoff at expiration
Buying Heritage Commerce's call option is the simplest of option trades. A call option on Heritage Stock gives investors the right (but not the obligation) to purchase Heritage Commerce at the given strike price. Therefore Heritage Commerce's call intrinsic value or payoff at expiration depends on where the Heritage Stock price is relative to the call option strike price. The strike price of 5.0 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 Heritage Commerce's price. Finally, at the break-even point of 8.95, the line crosses zero, and trading Heritage becomes profitable.
Profit |
| Heritage Commerce Price At Expiration |
Heritage short CALL Option Payoff at expiration
By selling Heritage Commerce's call option, the investors signals his or her bearish sentiment. A short position in a call option written on Heritage Commerce will generally make money when the underlying price goes down. Therefore Heritage Commerce's call intrinsic value or payoff at expiration depends on where the Heritage Stock price is relative to the call option strike price. The strike price of 5.0 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 Heritage Commerce's price. Finally, at the break-even point of 8.95, the line crosses zero, and trading Heritage becomes disadvantageous with no downside limits.
Profit |
| Heritage Commerce Price At Expiration |
Heritage Commerce Corp Available Call Options
Heritage Commerce's option chain is a display of a range of information that helps investors for ways to trade options on Heritage. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Heritage. It also shows strike prices and maturity days for a Heritage Commerce 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 $5.0 | 0.8552 | 0.0376 | 0 | 2024-05-17 | 3.1 - 4.8 | 0.0 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Heritage Commerce 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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Heritage Commerce Corporate Management
Elected by the shareholders, the Heritage Commerce's board of directors comprises two types of representatives: Heritage Commerce inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Heritage. The board's role is to monitor Heritage Commerce's management team and ensure that shareholders' interests are well served. Heritage Commerce's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Heritage Commerce's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Diana Olveira | VP Director | Profile | |
| Sachin Vaidya | Executive Officer | Profile | |
| Glen Shu | Executive Group | Profile | |
| Deborah Reuter | Chief VP | Profile | |
| Jeffrey Javits | EVP Officer | Profile | |
| Janice SPHR | Executive Commerce | Profile | |
| Teresa Powell | Ex Services | Profile |
Already Invested in Heritage Commerce Corp?
The danger of trading Heritage Commerce Corp 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 Heritage Commerce 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 Heritage Commerce. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Heritage Commerce Corp 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 Heritage Commerce Corp 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 Heritage 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 Heritage Commerce Corp Stock. Highlighted below are key reports to facilitate an investment decision about Heritage Commerce Corp Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Commerce Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Heritage Commerce Corp information on this page should be used as a complementary analysis to other Heritage Commerce's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
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When running Heritage Commerce's price analysis, check to measure Heritage Commerce'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 Heritage Commerce is operating at the current time. Most of Heritage Commerce's value examination focuses on studying past and present price action to predict the probability of Heritage Commerce's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Heritage Commerce's price. Additionally, you may evaluate how the addition of Heritage Commerce to your portfolios can decrease your overall portfolio volatility.
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Is Heritage Commerce'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 Heritage Commerce. If investors know Heritage 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 Heritage Commerce 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 0.52 | Earnings Share 0.91 | Revenue Per Share 2.969 | Quarterly Revenue Growth (0.19) |
The market value of Heritage Commerce Corp is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Commerce's value that differs from its market value or its book value, called intrinsic value, which is Heritage Commerce'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 Heritage Commerce's market value can be influenced by many factors that don't directly affect Heritage Commerce'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 Heritage Commerce's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Commerce is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Commerce'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.