2024-05-17 PUT at $120.0 Option on Grand Canyon Education
| LOPE Stock | USD 136.11 2.09 1.56% |
2024-05-17 PUT at $120.0 is a PUT option contract on Grand Canyon's common stock with a strick price of 120.0 expiring on 2024-05-17. The contract was last traded on 2024-04-23 at 15:59:22 for $2.13 and, as of today, has 14 days remaining before the expiration. The option is currently trading at a bid price of $0.9, and an ask price of $1.1. The implied volatility as of the 3rd of May is 54.2.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Grand Canyon Education. 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.
Grand |
A put option written on Grand Canyon becomes more valuable as the price of Grand Canyon drops. Conversely, Grand Canyon's put option loses its value as Grand Stock rises. When exercised, put options on Grand Canyon produce a short position in Grand Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Grand Canyon's downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that Grand Canyon Education will have an average daily up or down price movement of about 3.39% per day over the life of the option. With Grand Canyon trading at USD 136.11, that is roughly USD 4.61. If you think that the market is fully understating Grand Canyon's daily price movement you should consider buying Grand Canyon Education options at that current volatility level of 54.2%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on Grand Canyon
An 'Out of The Money' option on Grand has a strike price that Grand 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 Grand Canyon's 'Out of The Money' options include buying the options if you expect a big move in Grand Canyon'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 $120.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 14 |
| Last Traded On | 2024-04-23 15:59:22 |
| Contract Period | MONTHLY |
| Open Interest | 110 |
| Current Trading Volume | 0.0 |
| Strike Price | 120.0 |
| Last Traded At | 2.13 |
| Current Price Spread | 0.9 | 1.1 |
| Rule 16 Daily Up or Down | USD4.61 |
Grand short PUT Option Greeks
Grand Canyon's Option Greeks for the contract ending on 2024-05-17 at a strike price of 120.0 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 Grand Canyon's option greeks, its implied volatility helps estimate the risk of Grand Canyon stock implied by the prices of the options on Grand Canyon's stock.
| Delta | -0.1332 | |
| Gamma | 0.0151 | |
| Theta | -0.1068 | |
| Vega | 0.0565 | |
| Rho | -0.0066 |
Grand long PUT Option Payoff at expiration
Put options written on Grand Canyon grant holders of the option the right to sell a specified amount of Grand Canyon 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 Grand Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Grand Canyon is like buying insurance aginst Grand Canyon's downside shift.
Profit |
| Grand Canyon Price At Expiration |
Grand short PUT Option Payoff at expiration
By selling Grand Canyon's put option, the investors signal their bearish sentiment. A short position in a put option written on Grand Canyon will generally make money when the underlying price is above the strike price. Therefore Grand Canyon's put payoff at expiration depends on where the Grand Stock price is relative to the put option strike price. The breakeven price of 119.0 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 Grand Canyon's price. Finally, at the strike price of 120.0, the payoff chart is constant and positive.
Profit |
| Grand Canyon Price At Expiration |
Grand Canyon Education Available Put Options
Grand Canyon's option chain is a display of a range of information that helps investors for ways to trade options on Grand. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Grand. It also shows strike prices and maturity days for a Grand Canyon 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 $105.0 | -0.0226 | 0.0032 | 0 | 2024-05-17 | 0.05 - 0.25 | 0.0 | Out |
Put | 2024-05-17 PUT at $110.0 | -0.0356 | 0.0051 | 0 | 2024-05-17 | 0.15 - 0.3 | 0.0 | Out |
Put | 2024-05-17 PUT at $115.0 | -0.0702 | 0.0092 | 0 | 2024-05-17 | 0.4 - 0.55 | 0.0 | Out |
Put | 2024-05-17 PUT at $120.0 | -0.1332 | 0.0151 | 110 | 2024-05-17 | 0.9 - 1.1 | 2.13 | Out |
Put | 2024-05-17 PUT at $125.0 | -0.2283 | 0.0219 | 2 | 2024-05-17 | 1.8 - 2.05 | 2.55 | Out |
Put | 2024-05-17 PUT at $130.0 | -0.3561 | 0.0281 | 1005 | 2024-05-17 | 3.3 - 3.6 | 4.2 | Out |
Put | 2024-05-17 PUT at $135.0 | -0.5034 | 0.0301 | 4 | 2024-05-17 | 5.5 - 5.9 | 6.3 | In |
Put | 2024-05-17 PUT at $140.0 | -0.6498 | 0.0285 | 2 | 2024-05-17 | 8.4 - 9.0 | 7.3 | In |
Put | 2024-05-17 PUT at $145.0 | -0.772 | 0.0232 | 0 | 2024-05-17 | 12.1 - 12.8 | 0.0 | In |
Put | 2024-05-17 PUT at $150.0 | -0.8585 | 0.0169 | 0 | 2024-05-17 | 16.4 - 17.1 | 0.0 | In |
Put | 2024-05-17 PUT at $155.0 | -0.9039 | 0.012 | 0 | 2024-05-17 | 19.8 - 23.1 | 0.0 | In |
Put | 2024-05-17 PUT at $160.0 | -0.9312 | 0.0087 | 0 | 2024-05-17 | 24.5 - 28.1 | 0.0 | In |
Put | 2024-05-17 PUT at $165.0 | -0.9721 | 0.0045 | 0 | 2024-05-17 | 29.1 - 33.0 | 0.0 | In |
Put | 2024-05-17 PUT at $170.0 | -0.8393 | 0.0085 | 0 | 2024-05-17 | 33.9 - 38.0 | 0.0 | In |
Put | 2024-05-17 PUT at $175.0 | -0.848 | 0.0076 | 0 | 2024-05-17 | 38.9 - 43.0 | 0.0 | In |
Put | 2024-05-17 PUT at $180.0 | -0.8554 | 0.0069 | 0 | 2024-05-17 | 43.9 - 48.0 | 0.0 | In |
Put | 2024-05-17 PUT at $185.0 | -0.8614 | 0.0063 | 0 | 2024-05-17 | 48.9 - 53.0 | 0.0 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Grand Canyon 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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Grand Canyon Corporate Directors
Grand Canyon corporate directors refer to members of a Grand Canyon board of directors. The board of directors generally takes responsibility for the Grand Canyon'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 Grand Canyon's board members must vote for the resolution. The Grand Canyon board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Sara Dial | Independent Director | Profile | |
| Bradley Casper | Independent Director | Profile | |
| Kevin Warren | Independent Director | Profile | |
| Jack Henry | Independent Director | Profile |
Already Invested in Grand Canyon Education?
The danger of trading Grand Canyon Education 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 Grand Canyon 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 Grand Canyon. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Grand Canyon Education 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 Grand Canyon Education is a strong investment it is important to analyze Grand Canyon'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 Grand Canyon's future performance. For an informed investment choice regarding Grand Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Grand Canyon Education. 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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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When running Grand Canyon's price analysis, check to measure Grand Canyon'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 Grand Canyon is operating at the current time. Most of Grand Canyon's value examination focuses on studying past and present price action to predict the probability of Grand Canyon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grand Canyon's price. Additionally, you may evaluate how the addition of Grand Canyon to your portfolios can decrease your overall portfolio volatility.
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Is Grand Canyon'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 Grand Canyon. If investors know Grand 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 Grand Canyon 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 0.176 | Earnings Share 6.8 | Revenue Per Share 32.04 | Quarterly Revenue Growth 0.076 | Return On Assets 0.1767 |
The market value of Grand Canyon Education is measured differently than its book value, which is the value of Grand that is recorded on the company's balance sheet. Investors also form their own opinion of Grand Canyon's value that differs from its market value or its book value, called intrinsic value, which is Grand Canyon'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 Grand Canyon's market value can be influenced by many factors that don't directly affect Grand Canyon'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 Grand Canyon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grand Canyon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grand Canyon'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.