2024-05-17 CALL at $67.5 Option on Johnson Controls Int
| JCI Stock | USD 66.88 0.82 1.24% |
2024-05-17 CALL at $67.5 is a CALL option contract on Johnson Controls' common stock with a strick price of 67.5 expiring on 2024-05-17. The contract was last traded on 2024-05-14 at 15:37:38 for $0.4 and, as of today, has 2 days remaining before the expiration. The option is currently trading at a bid price of $0.3, and an ask price of $0.45. The implied volatility as of the 15th of May 2024 is 33.27.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Johnson Controls International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Johnson |
Call options on Johnson Controls give the investor right to buy Johnson Stock at a specified price within a specific period. The strike price represents the predetermined price at which a call buyer can buy Johnson Stock. Call options may be purchased for speculation or sold for income purposes, or simply combined for various spread or combination strategies. If Johnson Controls' price is above the strike price at expiry, the profit is the current Johnson Controls' stock price, minus the strike price and the premium.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that Johnson Controls International will have an average daily up or down price movement of about 2.08% per day over the life of the option. With Johnson Controls trading at USD 66.88, that is roughly USD 1.39. If you think that the market is fully understating Johnson Controls' daily price movement you should consider buying Johnson Controls International options at that current volatility level of 33.27%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Call Option on Johnson Controls
An 'Out of The Money' option on Johnson has a strike price that Johnson 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 Johnson Controls' 'Out of The Money' options include buying the options if you expect a big move in Johnson Controls' 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.
| Call Contract Name | 2024-05-17 CALL at $67.5 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 2 |
| Last Traded On | 2024-05-14 15:37:38 |
| Contract Period | MONTHLY |
| Open Interest | 12362 |
| Current Trading Volume | 1455.0 |
| Strike Price | 67.5 |
| Last Traded At | 0.4 |
| Current Price Spread | 0.3 | 0.45 |
| Rule 16 Daily Up or Down | USD1.39 |
Johnson short CALL Option Greeks
Johnson Controls' Option Greeks for the contract ending on 2024-05-17 at a strike price of 67.5 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 Johnson Controls' option greeks, its implied volatility helps estimate the risk of Johnson Controls stock implied by the prices of the options on Johnson Controls' stock.
| Delta | 0.3611 | |
| Gamma | 0.2274 | |
| Theta | -0.1562 | |
| Vega | 0.0185 | |
| Rho | 0.0013 |
Johnson long CALL Option Payoff at expiration
Buying Johnson Controls' call option is the simplest of option trades. A call option on Johnson Stock gives investors the right (but not the obligation) to purchase Johnson Controls at the given strike price. Therefore Johnson Controls' call intrinsic value or payoff at expiration depends on where the Johnson Stock price is relative to the call option strike price. The strike price of 67.5 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 Johnson Controls' price. Finally, at the break-even point of 67.9, the line crosses zero, and trading Johnson becomes profitable.
Profit |
| Johnson Controls Price At Expiration |
Johnson short CALL Option Payoff at expiration
By selling Johnson Controls' call option, the investors signals his or her bearish sentiment. A short position in a call option written on Johnson Controls will generally make money when the underlying price goes down. Therefore Johnson Controls' call intrinsic value or payoff at expiration depends on where the Johnson Stock price is relative to the call option strike price. The strike price of 67.5 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 Johnson Controls' price. Finally, at the break-even point of 67.9, the line crosses zero, and trading Johnson becomes disadvantageous with no downside limits.
Profit |
| Johnson Controls Price At Expiration |
Johnson Controls Int Available Call Options
Johnson Controls' option chain is a display of a range of information that helps investors for ways to trade options on Johnson. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Johnson. It also shows strike prices and maturity days for a Johnson Controls 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 $32.5 | 0.9871 | 0.0014 | 0 | 2024-05-17 | 32.8 - 36.2 | 0.0 | In |
Call | 2024-05-17 CALL at $35.0 | 0.9222 | 0.0038 | 0 | 2024-05-17 | 29.9 - 33.6 | 0.0 | In |
Call | 2024-05-17 CALL at $37.5 | 0.9964 | 7.0E-4 | 0 | 2024-05-17 | 27.4 - 31.4 | 0.0 | In |
Call | 2024-05-17 CALL at $40.0 | 0.9654 | 0.0037 | 0 | 2024-05-17 | 25.4 - 29.0 | 0.0 | In |
Call | 2024-05-17 CALL at $42.5 | 0.9578 | 0.0047 | 0 | 2024-05-17 | 23.1 - 26.4 | 0.0 | In |
Call | 2024-05-17 CALL at $45.0 | 0.9671 | 0.0048 | 0 | 2024-05-17 | 20.6 - 23.6 | 0.0 | In |
Call | 2024-05-17 CALL at $47.5 | 0.9844 | 0.0035 | 3 | 2024-05-17 | 17.5 - 21.4 | 18.18 | In |
Call | 2024-05-17 CALL at $50.0 | 0.8899 | 0.0106 | 0 | 2024-05-17 | 16.8 - 19.1 | 0.0 | In |
Call | 2024-05-17 CALL at $52.5 | 0.9602 | 0.0089 | 0 | 2024-05-17 | 12.4 - 16.7 | 0.0 | In |
Call | 2024-05-17 CALL at $55.0 | 0.8728 | 0.0166 | 0 | 2024-05-17 | 11.5 - 14.0 | 5.8 | In |
Call | 2024-05-17 CALL at $57.5 | 0.8398 | 0.0219 | 26 | 2024-05-17 | 7.7 - 10.4 | 4.95 | In |
Call | 2024-05-17 CALL at $60.0 | 0.7754 | 0.0279 | 1206 | 2024-05-17 | 5.2 - 8.4 | 6.3 | In |
Call | 2024-05-17 CALL at $62.5 | 0.8403 | 0.0514 | 759 | 2024-05-17 | 2.7 - 4.8 | 4.2 | In |
Call | 2024-05-17 CALL at $65.0 | 0.839 | 0.1242 | 3226 | 2024-05-17 | 1.95 - 2.45 | 2.06 | In |
Call | 2024-05-17 CALL at $67.5 | 0.3611 | 0.2274 | 12362 | 2024-05-17 | 0.3 - 0.45 | 0.4 | Out |
Call | 2024-05-17 CALL at $70.0 | 0.0823 | 0.0703 | 2344 | 2024-05-17 | 0.05 - 0.1 | 0.08 | Out |
Call | 2024-05-17 CALL at $72.5 | 0.0467 | 0.0308 | 4128 | 2024-05-17 | 0.0 - 0.3 | 0.06 | Out |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Johnson Controls 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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Johnson Controls Corporate Directors
Johnson Controls corporate directors refer to members of a Johnson Controls board of directors. The board of directors generally takes responsibility for the Johnson Controls' 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 Johnson Controls' board members must vote for the resolution. The Johnson Controls board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| John Young | Independent Director | Profile | |
| Carl Tinggren | Lead Independent Director | Profile | |
| Michael Daniels | Independent Director | Profile | |
| Robert Yost | Independent Director | Profile |
Already Invested in Johnson Controls International?
The danger of trading Johnson Controls International 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 Johnson Controls 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 Johnson Controls. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Johnson Controls Int 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 Johnson Controls Int offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Johnson Controls' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Johnson Controls International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Johnson Controls International Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Johnson Controls International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Johnson Controls Int information on this page should be used as a complementary analysis to other Johnson Controls' 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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When running Johnson Controls' price analysis, check to measure Johnson Controls' 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 Johnson Controls is operating at the current time. Most of Johnson Controls' value examination focuses on studying past and present price action to predict the probability of Johnson Controls' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Johnson Controls' price. Additionally, you may evaluate how the addition of Johnson Controls to your portfolios can decrease your overall portfolio volatility.
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Is Johnson Controls' 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 Johnson Controls. If investors know Johnson 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 Johnson Controls 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 2.232 | Dividend Share 1.48 | Earnings Share 2.69 | Revenue Per Share 39.412 | Quarterly Revenue Growth 0.002 |
The market value of Johnson Controls Int is measured differently than its book value, which is the value of Johnson that is recorded on the company's balance sheet. Investors also form their own opinion of Johnson Controls' value that differs from its market value or its book value, called intrinsic value, which is Johnson Controls' 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 Johnson Controls' market value can be influenced by many factors that don't directly affect Johnson Controls' 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 Johnson Controls' value and its price as these two are different measures arrived at by different means. Investors typically determine if Johnson Controls is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Johnson Controls' 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.