2024-05-17 PUT at $17.0 Option on International Game
| IGT Stock | USD 20.05 0.13 0.65% |
2024-05-17 PUT at $17.0 is a PUT option contract on International Game's common stock with a strick price of 17.0 expiring on 2024-05-17. The contract was last traded on 2024-04-22 at 11:47:23 for $0.1 and, as of today, has 14 days remaining before the expiration. The option is currently trading at a bid price of $0.05, and an ask price of $0.15. The implied volatility as of the 3rd of May is 62.09.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Game Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
International |
A put option written on International Game becomes more valuable as the price of International Game drops. Conversely, International Game's put option loses its value as International Stock rises. When exercised, put options on International Game produce a short position in International Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on International Game's downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that International Game Technology will have an average daily up or down price movement of about 3.88% per day over the life of the option. With International Game trading at USD 20.05, that is roughly USD 0.78. If you think that the market is fully understating International Game's daily price movement you should consider buying International Game Technology options at that current volatility level of 62.09%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on International Game
An 'Out of The Money' option on International has a strike price that International Stock has yet to reach, meaning the option has no intrinsic value. 'Out of The Money' options are usually less costly than 'In The Money' options, making them more desirable to traders with smaller amounts of capital. Some of the uses for International Game's 'Out of The Money' options include buying the options if you expect a big move in International Game's stock. Since 'Out of The Money' options have a lower up-front cost (i.e., no intrinsic value) than 'In The Money' options, buying it is a reasonable choice.
| Put Contract Name | 2024-05-17 PUT at $17.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 14 |
| Last Traded On | 2024-04-22 11:47:23 |
| Contract Period | MONTHLY |
| Open Interest | 14 |
| Current Trading Volume | 0.0 |
| Strike Price | 17.0 |
| Last Traded At | 0.1 |
| Current Price Spread | 0.05 | 0.15 |
| Rule 16 Daily Up or Down | USD0.78 |
International short PUT Option Greeks
International Game's Option Greeks for the contract ending on 2024-05-17 at a strike price of 17.0 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 International Game's option greeks, its implied volatility helps estimate the risk of International Game stock implied by the prices of the options on International Game's stock.
| Delta | -0.0855 | |
| Gamma | 0.0645 | |
| Theta | -0.0134 | |
| Vega | 0.0061 | |
| Rho | -6.0E-4 |
International long PUT Option Payoff at expiration
Put options written on International Game grant holders of the option the right to sell a specified amount of International Game 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 International Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on International Game is like buying insurance aginst International Game's downside shift.
Profit |
| International Game Price At Expiration |
International short PUT Option Payoff at expiration
By selling International Game's put option, the investors signal their bearish sentiment. A short position in a put option written on International Game will generally make money when the underlying price is above the strike price. Therefore International Game's put payoff at expiration depends on where the International Stock price is relative to the put option strike price. The breakeven price of 16.9 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 International Game's price. Finally, at the strike price of 17.0, the payoff chart is constant and positive.
Profit |
| International Game Price At Expiration |
International Game Available Put Options
International Game's option chain is a display of a range of information that helps investors for ways to trade options on International. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for International. It also shows strike prices and maturity days for a International Game 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 | 2024-05-17 PUT at $17.0 | -0.0855 | 0.0645 | 14 | 2024-05-17 | 0.05 - 0.15 | 0.1 | Out |
Put | 2024-05-17 PUT at $18.0 | -0.1635 | 0.1124 | 53 | 2024-05-17 | 0.15 - 0.25 | 0.12 | Out |
Put | 2024-05-17 PUT at $19.0 | -0.2991 | 0.1737 | 113 | 2024-05-17 | 0.35 - 0.45 | 0.4 | Out |
Put | 2024-05-17 PUT at $20.0 | -0.494 | 0.2017 | 246 | 2024-05-17 | 0.75 - 0.9 | 0.82 | In |
Put | 2024-05-17 PUT at $21.0 | -0.6843 | 0.1808 | 239 | 2024-05-17 | 1.4 - 1.5 | 1.2 | In |
Put | 2024-05-17 PUT at $22.0 | -0.8246 | 0.1497 | 233 | 2024-05-17 | 2.2 - 2.3 | 2.35 | In |
Put | 2024-05-17 PUT at $23.0 | -0.7226 | 0.0815 | 27 | 2024-05-17 | 2.1 - 5.3 | 2.8 | In |
Put | 2024-05-17 PUT at $24.0 | -0.8186 | 0.0714 | 6 | 2024-05-17 | 2.6 - 6.2 | 3.7 | In |
Put | 2024-05-17 PUT at $25.0 | -0.9063 | 0.0518 | 0 | 2024-05-17 | 3.3 - 7.1 | 4.33 | In |
Put | 2024-05-17 PUT at $26.0 | -0.8211 | 0.0517 | 0 | 2024-05-17 | 5.0 - 8.0 | 0.0 | In |
Put | 2024-05-17 PUT at $27.0 | -0.791 | 0.046 | 0 | 2024-05-17 | 6.4 - 9.0 | 0.0 | In |
Put | 2024-05-17 PUT at $28.0 | -0.8397 | 0.0411 | 0 | 2024-05-17 | 7.0 - 10.0 | 0.0 | In |
Put | 2024-05-17 PUT at $29.0 | -0.8467 | 0.0374 | 0 | 2024-05-17 | 8.0 - 11.0 | 0.0 | In |
Put | 2024-05-17 PUT at $30.0 | -0.9155 | 0.0287 | 0 | 2024-05-17 | 8.5 - 12.0 | 0.0 | In |
Put | 2024-05-17 PUT at $31.0 | -0.8577 | 0.0319 | 0 | 2024-05-17 | 10.0 - 13.0 | 0.0 | In |
Put | 2024-05-17 PUT at $32.0 | -0.9216 | 0.0243 | 0 | 2024-05-17 | 10.5 - 14.0 | 0.0 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in International Game 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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International Game Corporate Directors
International Game corporate directors refer to members of an International Game board of directors. The board of directors generally takes responsibility for the International Game'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 International Game's board members must vote for the resolution. The International Game board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Gianmario Ruos | Non-Executive Independent Director | Profile | |
| Vincent Sadusky | Non-Executive Independent Director | Profile | |
| Janice Chaffin | Independent Director | Profile | |
| Eric Brown | Independent Director | Profile |
Already Invested in International Game Technology?
The danger of trading International Game Technology 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 International Game 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 International Game. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile International Game 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 International Game 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 International 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 International Game Technology Stock. Highlighted below are key reports to facilitate an investment decision about International Game Technology Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Game Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the International Game information on this page should be used as a complementary analysis to other International Game'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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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When running International Game's price analysis, check to measure International Game'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 International Game is operating at the current time. Most of International Game's value examination focuses on studying past and present price action to predict the probability of International Game's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move International Game's price. Additionally, you may evaluate how the addition of International Game to your portfolios can decrease your overall portfolio volatility.
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Is International Game'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 International Game. If investors know International 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 International Game 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 (0.65) | Dividend Share 0.8 | Earnings Share 0.77 | Revenue Per Share 21.545 | Quarterly Revenue Growth 0.035 |
The market value of International Game is measured differently than its book value, which is the value of International that is recorded on the company's balance sheet. Investors also form their own opinion of International Game's value that differs from its market value or its book value, called intrinsic value, which is International Game'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 International Game's market value can be influenced by many factors that don't directly affect International Game'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 International Game's value and its price as these two are different measures arrived at by different means. Investors typically determine if International Game is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, International Game'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.