HYG240419P00091000 Option on iShares iBoxx High
| HYG Etf | USD 76.85 0.23 0.30% |
IShares IBoxx's option chain provides insight into all available option contracts written on IShares IBoxx's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of IShares IBoxx'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 IShares option contract.
In The Money vs. Out of Money Option Contracts on IShares IBoxx
Analyzing IShares IBoxx's in-the-money options over time can help investors to take a profitable long position in IShares IBoxx regardless of its overall volatility. This is especially true when IShares IBoxx's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money IShares IBoxx's options could be used as guardians of the underlying stock as they move almost dollar for dollar with IShares IBoxx's stock while costing only a fraction of its price.
IShares IBoxx's latest option contracts expiring on 2024-05-03 are carrying combined implied volatility of 12.28 with a put-to-call open interest ratio of 5.89 over 84 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on 2024-05-03. The current put volume is at 11808, with calls trading at the volume of 11688. This yields a 1.01 put-to-call volume ratio. The IShares IBoxx option chain provides detailed quote and price information for the current iShares iBoxx High option contracts. It shows all of IShares IBoxx's listed puts, calls, expiration dates, strike prices, and other pricing information.
Open Interest Against 2024-05-03 Option Contracts
IShares IBoxx 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 IShares IBoxx's lending market. For example, when IShares IBoxx'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 IShares IBoxx, he or she must hedge the risk by shorting IShares IBoxx stock over its option's life.
2024-05-03
The chart above shows IShares IBoxx'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. IShares IBoxx's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for IShares IBoxx's option, there is no secondary market available for investors to trade.
IShares IBoxx's stock options are financial instruments that give investors the right to buy or sell shares of iShares iBoxx High common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell IShares stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If IShares IBoxx'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 iShares iBoxx High. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. Please note that buying 'in-the-money' options on IShares IBoxx lessens the impact of time decay, as they carry both intrinsic and time value. So, even if IShares IBoxx'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 IShares IBoxx 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 IShares Etf moves the wrong way.
iShares iBoxx High In The Money Call Balance
When IShares IBoxx's strike price is surpassing the current stock price, the option contract against iShares iBoxx High stock is said to be in the money. When it comes to buying IShares IBoxx'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 iShares iBoxx High 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.
IShares Current Options Market Mood
IShares IBoxx'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 IShares Etf'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 IShares IBoxx'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. IShares IBoxx'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 IShares IBoxx'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 IShares contract
Base on the Rule 16, the options market is currently suggesting that iShares iBoxx High will have an average daily up or down price movement of about 0.77% per day over the life of the 2024-05-03 option contract. With IShares IBoxx trading at USD 76.85, that is roughly USD 0.59. If you think that the market is fully incorporating IShares IBoxx's daily price movement you should consider buying iShares iBoxx High options at the current volatility level of 12.28%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
IShares |
Purchasing IShares IBoxx 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" IShares calls. Remember, the seller must deliver iShares iBoxx High stock to the call owner when a call is exercised.
IShares IBoxx Option Chain
When IShares IBoxx's strike price is surpassing the current stock price, the option contract against iShares iBoxx High 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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IShares IBoxx's option chain is a display of a range of information that helps investors for ways to trade options on IShares. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for IShares. It also shows strike prices and maturity days for a IShares IBoxx 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 | 2024-05-03 CALL at $55.0 | 0.8612 | 0.0078 | 0 | 2024-05-03 | 19.05 - 24.0 | 0.0 | In |
Call | 2024-05-03 CALL at $60.0 | 0.8331 | 0.0109 | 0 | 2024-05-03 | 14.05 - 19.0 | 0.0 | In |
Call | 2024-05-03 CALL at $65.0 | 0.7936 | 0.0158 | 0 | 2024-05-03 | 9.05 - 14.0 | 0.0 | In |
Call | 2024-05-03 CALL at $66.0 | 0.7836 | 0.0172 | 0 | 2024-05-03 | 8.05 - 13.0 | 0.0 | In |
Call | 2024-05-03 CALL at $67.0 | 0.7726 | 0.0188 | 0 | 2024-05-03 | 7.05 - 12.0 | 0.0 | In |
Call | 2024-05-03 CALL at $68.0 | 0.7604 | 0.0206 | 0 | 2024-05-03 | 6.05 - 11.0 | 0.0 | In |
Call | 2024-05-03 CALL at $69.0 | 0.7468 | 0.0227 | 0 | 2024-05-03 | 5.05 - 10.0 | 0.0 | In |
Call | 2024-05-03 CALL at $70.0 | 0.7315 | 0.0252 | 0 | 2024-05-03 | 4.05 - 9.0 | 0.0 | In |
Call | 2024-05-03 CALL at $71.0 | 0.7157 | 0.0284 | 0 | 2024-05-03 | 3.0 - 7.95 | 0.0 | In |
Call | 2024-05-03 CALL at $71.5 | 0.7042 | 0.0298 | 0 | 2024-05-03 | 2.5 - 7.5 | 0.0 | In |
Call | 2024-05-03 CALL at $72.0 | 0.6936 | 0.0317 | 0 | 2024-05-03 | 2.0 - 7.0 | 0.0 | In |
Call | 2024-05-03 CALL at $72.5 | 0.6822 | 0.0338 | 0 | 2024-05-03 | 1.5 - 6.5 | 0.0 | In |
Call | 2024-05-03 CALL at $73.0 | 0.6696 | 0.0361 | 0 | 2024-05-03 | 1.0 - 6.0 | 0.0 | In |
Call | 2024-05-03 CALL at $73.5 | 0.6559 | 0.0387 | 0 | 2024-05-03 | 0.5 - 5.5 | 0.0 | In |
Call | 2024-05-03 CALL at $74.0 | 0.6406 | 0.0417 | 0 | 2024-05-03 | 0.05 - 5.0 | 0.0 | In |
Call | 2024-05-03 CALL at $76.0 | 0.9166 | 0.3177 | 3018 | 2024-05-03 | 0.0 - 4.8 | 0.68 | In |
Call | 2024-05-03 CALL at $76.5 | 0.7212 | 1.2099 | 5020 | 2024-05-03 | 0.0 - 4.8 | 0.21 | In |
Call | 2024-05-03 CALL at $77.0 | 0.1902 | 0.7089 | 5098 | 2024-05-03 | 0.0 - 0.08 | 0.04 | Out |
Put | 2024-05-03 PUT at $100.0 | -0.8989 | 0.0119 | 0 | 2024-05-03 | 21.5 - 26.5 | 0.0 | In |
Put | 2024-05-03 PUT at $95.0 | -0.8865 | 0.0151 | 0 | 2024-05-03 | 16.5 - 21.5 | 0.0 | In |
Put | 2024-05-03 PUT at $90.0 | -0.8675 | 0.0206 | 0 | 2024-05-03 | 11.5 - 16.5 | 0.0 | In |
Put | 2024-05-03 PUT at $88.0 | -0.8567 | 0.0241 | 0 | 2024-05-03 | 9.5 - 14.5 | 0.0 | In |
Put | 2024-05-03 PUT at $87.0 | -0.8501 | 0.0263 | 0 | 2024-05-03 | 8.5 - 13.5 | 0.0 | In |
Put | 2024-05-03 PUT at $86.0 | -0.8427 | 0.029 | 0 | 2024-05-03 | 7.5 - 12.5 | 0.0 | In |
Put | 2024-05-03 PUT at $85.0 | -0.8341 | 0.0322 | 0 | 2024-05-03 | 6.5 - 11.5 | 0.0 | In |
Put | 2024-05-03 PUT at $84.0 | -0.824 | 0.0361 | 0 | 2024-05-03 | 5.5 - 10.5 | 0.0 | In |
Put | 2024-05-03 PUT at $83.5 | -0.8182 | 0.0384 | 0 | 2024-05-03 | 5.0 - 10.0 | 0.0 | In |
Put | 2024-05-03 PUT at $83.0 | -0.8118 | 0.0411 | 0 | 2024-05-03 | 4.5 - 9.5 | 0.0 | In |
Put | 2024-05-03 PUT at $82.5 | -0.8048 | 0.0441 | 0 | 2024-05-03 | 4.0 - 9.0 | 0.0 | In |
Put | 2024-05-03 PUT at $82.0 | -0.797 | 0.0476 | 0 | 2024-05-03 | 3.5 - 8.5 | 0.0 | In |
Put | 2024-05-03 PUT at $81.5 | -0.7921 | 0.0519 | 0 | 2024-05-03 | 3.0 - 7.95 | 0.0 | In |
Put | 2024-05-03 PUT at $81.0 | -0.7822 | 0.0567 | 0 | 2024-05-03 | 2.5 - 7.45 | 0.0 | In |
Put | 2024-05-03 PUT at $80.5 | -0.7708 | 0.0625 | 0 | 2024-05-03 | 2.0 - 6.95 | 0.0 | In |
Put | 2024-05-03 PUT at $80.0 | -0.7576 | 0.0695 | 0 | 2024-05-03 | 1.5 - 6.45 | 0.0 | In |
Put | 2024-05-03 PUT at $79.5 | -0.7419 | 0.0783 | 0 | 2024-05-03 | 1.0 - 5.95 | 0.0 | In |
Put | 2024-05-03 PUT at $79.0 | -0.7229 | 0.0893 | 0 | 2024-05-03 | 0.5 - 5.45 | 0.0 | In |
Put | 2024-05-03 PUT at $77.0 | -0.5624 | 0.1938 | 45 | 2024-05-03 | 0.0 - 4.8 | 1.0 | In |
Put | 2024-05-03 PUT at $76.5 | -0.4485 | 0.3142 | 2519 | 2024-05-03 | 0.05 - 5.0 | 0.43 | Out |
Put | 2024-05-03 PUT at $76.0 | -0.294 | 0.28 | 2272 | 2024-05-03 | 0.0 - 4.8 | 0.23 | Out |
Put | 2024-05-03 PUT at $75.5 | -0.1209 | 0.201 | 2714 | 2024-05-03 | 0.0 - 4.8 | 0.06 | Out |
Put | 2024-05-03 PUT at $75.0 | -0.0476 | 0.0984 | 13379 | 2024-05-03 | 0.01 - 0.03 | 0.07 | Out |
Put | 2024-05-03 PUT at $74.5 | -0.0394 | 0.0681 | 51028 | 2024-05-03 | 0.01 - 0.03 | 0.05 | Out |
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Our tools can tell you how much better you can do entering a position in IShares IBoxx 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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Already Invested in iShares iBoxx High?
The danger of trading iShares iBoxx High is mainly related to its market volatility and ETF 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 IShares IBoxx 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 IShares IBoxx. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile iShares iBoxx High 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 iShares iBoxx High is a strong investment it is important to analyze IShares IBoxx'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 IShares IBoxx's future performance. For an informed investment choice regarding IShares Etf, 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 iShares iBoxx High. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
The market value of iShares iBoxx High is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares IBoxx's value that differs from its market value or its book value, called intrinsic value, which is IShares IBoxx'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 IShares IBoxx's market value can be influenced by many factors that don't directly affect IShares IBoxx'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 IShares IBoxx's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares IBoxx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares IBoxx'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.