Northern Oil Stock Options

NOG Stock  USD 33.49  1.13  3.26%   
Northern Oil's option chain provides insight into all available option contracts written on Northern Oil's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Northern Oil'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 Northern option contract. View S&P 500 options
Purchasing Northern Oil 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" Northern calls. Remember, the seller must deliver Northern Oil Gas stock to the call owner when a call is exercised.

In The Money vs. Out of Money Option Contracts on Northern Oil

Analyzing Northern Oil's in-the-money options over time can help investors to take a profitable long position in Northern Oil regardless of its overall volatility. This is especially true when Northern Oil's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Northern Oil's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Northern Oil's stock while costing only a fraction of its price.
Northern Oil's latest option contracts expiring on 2023-02-17 are carrying combined implied volatility of 47.96 with a put-to-call open interest ratio of 0.6 over 44 outstanding agreements suggesting investors are buying more calls than puts on contracts expiring on 2023-02-17. The current put volume is at 297, with calls trading at the volume of 1136. This yields a 0.26 put-to-call volume ratio. The Northern Oil option chain provides detailed quote and price information for the current Northern Oil Gas option contracts. It shows all of Northern Oil's listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2023-02-17 Option Contracts

Northern Oil 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 Northern Oil's lending market. For example, when Northern Oil'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 Northern Oil, he or she must hedge the risk by shorting Northern Oil stock over its option's life.
The chart above shows Northern Oil'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. Northern Oil's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Northern Oil's option, there is no secondary market available for investors to trade.

Northern Oil Maximum Pain Price across 2023-02-17 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Northern Oil close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Northern Oil's stock options are financial instruments that give investors the right to buy or sell shares of Northern Oil Gas common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Northern stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Northern Oil's stock price goes up or down, the stock options follow.
Additionally, see Correlation Analysis.
Please note that buying 'in-the-money' options on Northern Oil lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Northern Oil'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 Northern Oil 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 Northern Stock moves the wrong way.
As of January 30, 2023, Net Income Common Stock is expected to decline to about (851 M)

Northern Oil Gas In The Money Call Balance

When Northern Oil's strike price is surpassing the current stock price, the option contract against Northern Oil Gas stock is said to be in the money. When it comes to buying Northern Oil'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 Northern Oil Gas 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.

Northern Current Options Market Mood

Northern Oil'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 Northern Stock'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 Northern Oil'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. Northern Oil'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 Northern Oil'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 Northern contract

Base on the Rule 16, the options market is currently suggesting that Northern Oil Gas will have an average daily up or down price movement of about 3.0% per day over the life of the 2023-02-17 option contract. With Northern Oil trading at USD33.49, that is roughly USD1.0. If you think that the market is fully incorporating Northern Oil's daily price movement you should consider buying Northern Oil Gas options at the current volatility level of 47.96%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Northern Oil Option Chain

When Northern Oil's strike price is surpassing the current stock price, the option contract against Northern Oil Gas 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.
Northern Oil's option chain is a display of a range of information that helps investors for ways to trade options on Northern. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Northern. It also shows strike prices and maturity days for a Northern Oil 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.
DeltaGammaOpen IntExpirationCurrent SpreadLast Price
2023-02-17 CALL at $20.00.9880.003402023-02-1714.4 - 14.90.0In
2023-02-17 CALL at $22.00.98630.007802023-02-1712.4 - 12.90.0In
2023-02-17 CALL at $23.00.97230.00802023-02-1711.4 - 12.00.0In
2023-02-17 CALL at $24.00.97010.009402023-02-1710.4 - 11.00.0In
2023-02-17 CALL at $25.00.9830.0074162023-02-179.2 - 10.16.77In
2023-02-17 CALL at $26.00.95130.015802023-02-178.5 - 9.07.5In
2023-02-17 CALL at $27.00.94640.0192142023-02-177.5 - 8.05.14In
2023-02-17 CALL at $28.00.95650.0204272023-02-176.3 - 7.14.32In
2023-02-17 CALL at $29.00.90510.0339442023-02-175.6 - 6.14.55In
2023-02-17 CALL at $30.00.85820.04512062023-02-174.7 - 5.15.0In
2023-02-17 CALL at $31.00.84750.05954302023-02-173.7 - 4.24.3In
2023-02-17 CALL at $32.00.75150.071412972023-02-172.95 - 3.43.32In
2023-02-17 CALL at $33.00.67070.08232042023-02-172.3 - 2.652.64In
2023-02-17 CALL at $34.00.58610.099711512023-02-171.75 - 2.01.7In
2023-02-17 CALL at $35.00.4830.10433792023-02-171.25 - 1.451.55Out
2023-02-17 CALL at $36.00.39090.09541272023-02-170.85 - 1.051.04Out
2023-02-17 CALL at $37.00.29010.0906762023-02-170.55 - 0.70.65Out
2023-02-17 CALL at $38.00.20440.07745522023-02-170.3 - 0.50.4Out
2023-02-17 CALL at $39.00.15610.062282023-02-170.1 - 0.350.3Out
2023-02-17 CALL at $40.00.09260.04572872023-02-170.1 - 0.20.15Out
2023-02-17 CALL at $41.00.07470.036102023-02-170.0 - 0.20.0Out
2023-02-17 PUT at $28.0-0.06390.02465162023-02-170.0 - 0.150.15Out
2023-02-17 PUT at $29.0-0.04820.02621652023-02-170.05 - 0.150.08Out
2023-02-17 PUT at $30.0-0.11270.04427742023-02-170.15 - 0.250.25Out
2023-02-17 PUT at $31.0-0.15660.05932112023-02-170.3 - 0.350.35Out
2023-02-17 PUT at $32.0-0.21820.07773132023-02-170.45 - 0.60.5Out
2023-02-17 PUT at $33.0-0.30960.09292702023-02-170.7 - 0.850.8Out
2023-02-17 PUT at $34.0-0.41080.1033372023-02-171.1 - 1.251.19Out
2023-02-17 PUT at $35.0-0.52040.1131442023-02-171.55 - 1.751.6In
2023-02-17 PUT at $36.0-0.63050.108312023-02-172.15 - 2.352.2In
2023-02-17 PUT at $37.0-0.72060.093702023-02-172.8 - 3.10.0In
2023-02-17 PUT at $38.0-0.84470.078612023-02-173.4 - 3.88.4In
2023-02-17 PUT at $39.0-0.88130.06902023-02-174.4 - 4.70.0In
2023-02-17 PUT at $40.0-0.93690.03902023-02-175.2 - 5.70.0In
2023-02-17 PUT at $41.0-0.94250.03202023-02-176.2 - 6.70.0In
2023-02-17 PUT at $45.0-0.95550.018302023-02-1710.1 - 10.80.0In

Northern Oil Net Income Common Stock Over Time

The amount of net income (loss) for the period due to common shareholders. Typically differs from Net Income to the parent entity due to the deduction of Preferred Dividends Income Statement Impact.
   Net Income Common Stock   

Northern Oil Gas Historical Liabilities

While analyzing the current debt level is an essential aspect of forecasting the current year budgeting needs of Northern Oil, understanding its historical liability is critical in projecting Northern Oil's future earnings, especially during periods of low and high inflation and deflation. Many analysts look at the trend in assets and liabilities and evaluate how Northern Oil uses its financing power over time.

Northern Oil Investors Sentiment

The influence of Northern Oil's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Northern. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Northern Oil's public news can be used to forecast risks associated with investment in Northern. The trend in average sentiment can be used to explain how an investor holding Northern can time the market purely based on public headlines and social activities around Northern Oil Gas. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Northern Oil's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Northern Oil's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Northern Oil's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Northern Oil.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Northern Oil in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Northern Oil's short interest history, or implied volatility extrapolated from Northern Oil options trading.

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Additionally, see Correlation Analysis. You can also try Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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Is Northern Oil'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 Northern Oil. If investors know Northern 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 Northern Oil 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
Market Capitalization
Quarterly Revenue Growth
Return On Assets
Return On Equity
The market value of Northern Oil Gas is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Oil's value that differs from its market value or its book value, called intrinsic value, which is Northern Oil'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 Northern Oil's market value can be influenced by many factors that don't directly affect Northern Oil'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 Northern Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine Northern Oil value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Oil'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.