NetApp Stock Options

NTAP Stock

USD 61.06 0.47 0.76%

NetApp's option chain provides insight into all available option contracts written on NetApp's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of NetApp'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 NetApp option contract. View S&P 500 options

Purchasing NetApp 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" NetApp calls. Remember, the seller must deliver NetApp Inc stock to the call owner when a call is exercised.

In The Money vs. Out of Money Option Contracts on NetApp

Analyzing NetApp's in-the-money options over time can help investors to take a profitable long position in NetApp regardless of its overall volatility. This is especially true when NetApp's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money NetApp's options could be used as guardians of the underlying stock as they move almost dollar for dollar with NetApp's stock while costing only a fraction of its price.

NetApp's latest option contracts expiring on 2023-03-31 are carrying combined implied volatility of 34.51 with a put-to-call open interest ratio of 0.0 over 86 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2023-03-31. The current put volume is at 190, with calls trading at the volume of 33. This yields a 5.76 put-to-call volume ratio. The NetApp option chain provides detailed quote and price information for the current NetApp Inc option contracts. It shows all of NetApp's listed puts, calls, expiration dates, strike prices, and other pricing information.

The chart above shows NetApp'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. NetApp's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for NetApp's option, there is no secondary market available for investors to trade.

NetApp Maximum Pain Price across 2023-03-31 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 NetApp 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.

NetApp's stock options are financial instruments that give investors the right to buy or sell shares of NetApp Inc common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell NetApp stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If NetApp's stock price goes up or down, the stock options follow.

Check out Correlation Analysis. To learn how to invest in NetApp Stock please use our How to Invest in NetApp guide.

Please note that buying 'in-the-money' options on NetApp lessens the impact of time decay, as they carry both intrinsic and time value. So, even if NetApp'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 NetApp 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 NetApp Stock moves the wrong way.

As of 03/26/2023, Net Income Common Stock is likely to grow to about 741.6 M

NetApp Inc In The Money Call Balance

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

NetApp Current Options Market Mood

NetApp'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 NetApp 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 Volume

Most options investors, including buyers and sellers of NetApp'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. NetApp'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 NetApp'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 NetApp contract

Base on the Rule 16, the options market is currently suggesting that NetApp Inc will have an average daily up or down price movement of about 2.16% per day over the life of the 2023-03-31 option contract. With NetApp trading at USD61.06, that is roughly USD1.32. If you think that the market is fully incorporating NetApp's daily price movement you should consider buying NetApp Inc options at the current volatility level of 34.51%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

NetApp Valuation Risk

NetApp Option Chain

When NetApp's strike price is surpassing the current stock price, the option contract against NetApp Inc 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.

2023-03-31 2023-04-06 2023-04-14 2023-04-21 2023-04-28 2023-05-05 2023-05-19 2023-06-16 2023-09-15 2024-01-19 2024-06-21 2025-01-17

NetApp's option chain is a display of a range of information that helps investors for ways to trade options on NetApp. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for NetApp. It also shows strike prices and maturity days for a NetApp 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	2023-03-31 CALL at $40.0	0.8804	0.0074	0	2023-03-31	18.5 - 23.0	0.0	In
Call	2023-03-31 CALL at $45.0	0.9874	0.0037	0	2023-03-31	13.7 - 18.5	0.0	In
Call	2023-03-31 CALL at $50.0	0.7942	0.0157	0	2023-03-31	8.6 - 13.5	0.0	In
Call	2023-03-31 CALL at $51.0	0.8001	0.0182	0	2023-03-31	8.0 - 12.0	0.0	In
Call	2023-03-31 CALL at $52.0	0.7884	0.0202	0	2023-03-31	7.1 - 11.0	0.0	In
Call	2023-03-31 CALL at $53.0	0.7886	0.0234	0	2023-03-31	6.2 - 9.7	0.0	In
Call	2023-03-31 CALL at $54.0	0.7692	0.0259	0	2023-03-31	5.2 - 8.8	0.0	In
Call	2023-03-31 CALL at $55.0	0.7478	0.0288	0	2023-03-31	4.1 - 7.9	0.0	In
Call	2023-03-31 CALL at $56.0	0.7281	0.0329	0	2023-03-31	3.1 - 6.9	0.0	In
Call	2023-03-31 CALL at $57.0	0.9127	0.05	0	2023-03-31	3.6 - 4.8	0.0	In
Call	2023-03-31 CALL at $57.5	0.9051	0.0589	0	2023-03-31	3.5 - 3.9	0.0	In
Call	2023-03-31 CALL at $58.0	0.9608	0.0465	0	2023-03-31	2.7 - 3.5	0.0	In
Call	2023-03-31 CALL at $58.5	0.7809	0.0839	0	2023-03-31	2.85 - 3.2	0.0	In
Call	2023-03-31 CALL at $59.0	0.7242	0.0895	0	2023-03-31	2.45 - 3.0	0.0	In
Call	2023-03-31 CALL at $59.5	0.7158	0.1163	0	2023-03-31	2.0 - 2.2	0.0	In
Call	2023-03-31 CALL at $60.0	0.6587	0.1309	0	2023-03-31	1.65 - 1.8	1.37	In
Call	2023-03-31 CALL at $60.5	0.5968	0.1509	0	2023-03-31	1.3 - 1.45	1.33	In
Call	2023-03-31 CALL at $61.0	0.5196	0.153	0	2023-03-31	1.0 - 1.15	0.0	In
Call	2023-03-31 CALL at $61.5	0.4403	0.158	0	2023-03-31	0.75 - 0.9	0.8	Out
Call	2023-03-31 CALL at $62.0	0.3627	0.1514	0	2023-03-31	0.55 - 0.65	0.6	Out
Call	2023-03-31 CALL at $62.5	0.2804	0.1435	0	2023-03-31	0.35 - 0.45	0.0	Out
Call	2023-03-31 CALL at $63.0	0.2211	0.1234	0	2023-03-31	0.25 - 0.35	0.0	Out
Call	2023-03-31 CALL at $63.5	0.1625	0.1036	0	2023-03-31	0.15 - 0.25	0.13	Out
Call	2023-03-31 CALL at $64.0	0.1255	0.0843	0	2023-03-31	0.1 - 0.2	0.0	Out
Call	2023-03-31 CALL at $64.5	0.0897	0.0662	0	2023-03-31	0.05 - 0.15	0.0	Out
Put	2023-03-31 PUT at $90.0	-0.9405	0.0084	0	2023-03-31	27.0 - 31.5	0.0	In
Put	2023-03-31 PUT at $85.0	-0.9348	0.0102	0	2023-03-31	22.0 - 26.5	0.0	In
Put	2023-03-31 PUT at $80.0	-0.9266	0.013	0	2023-03-31	17.0 - 21.5	0.0	In
Put	2023-03-31 PUT at $75.0	-0.9559	0.0131	0	2023-03-31	12.0 - 16.1	0.0	In
Put	2023-03-31 PUT at $74.0	-0.9413	0.0162	0	2023-03-31	11.3 - 14.9	0.0	In
Put	2023-03-31 PUT at $73.0	-0.9518	0.0158	0	2023-03-31	10.1 - 14.0	0.0	In
Put	2023-03-31 PUT at $72.0	-0.9493	0.0175	0	2023-03-31	9.1 - 13.0	0.0	In
Put	2023-03-31 PUT at $71.0	-0.9317	0.022	0	2023-03-31	8.2 - 12.0	0.0	In
Put	2023-03-31 PUT at $70.0	-0.9429	0.0223	0	2023-03-31	7.1 - 11.0	0.0	In
Put	2023-03-31 PUT at $69.0	-0.9388	0.0257	0	2023-03-31	6.2 - 9.9	0.0	In
Put	2023-03-31 PUT at $68.5	-0.9364	0.0278	0	2023-03-31	5.8 - 9.3	0.0	In
Put	2023-03-31 PUT at $68.0	-0.9162	0.0333	0	2023-03-31	5.1 - 9.1	0.0	In
Put	2023-03-31 PUT at $67.5	-0.8835	0.0396	0	2023-03-31	4.8 - 8.6	0.0	In
Put	2023-03-31 PUT at $67.0	-0.8434	0.0447	0	2023-03-31	4.8 - 7.9	0.0	In
Put	2023-03-31 PUT at $66.5	-0.9469	0.0528	0	2023-03-31	3.9 - 7.1	0.0	In
Put	2023-03-31 PUT at $66.0	-0.829	0.0531	0	2023-03-31	4.3 - 6.4	0.0	In
Put	2023-03-31 PUT at $65.5	-0.8444	0.0585	0	2023-03-31	4.1 - 5.4	0.0	In
Put	2023-03-31 PUT at $65.0	-0.935	0.0513	0	2023-03-31	3.5 - 4.5	0.0	In
Put	2023-03-31 PUT at $64.5	-0.8169	0.0742	0	2023-03-31	2.25 - 5.3	0.0	In
Put	2023-03-31 PUT at $64.0	-0.7158	0.0722	0	2023-03-31	2.75 - 4.7	0.0	In
Put	2023-03-31 PUT at $63.5	-0.6558	0.0688	0	2023-03-31	1.6 - 3.7	3.6	In
Put	2023-03-31 PUT at $63.0	-0.789	0.1252	0	2023-03-31	1.95 - 2.45	0.0	In
Put	2023-03-31 PUT at $62.5	-0.7274	0.1468	0	2023-03-31	1.7 - 1.9	0.0	In
Put	2023-03-31 PUT at $62.0	-0.6419	0.1555	0	2023-03-31	1.45 - 1.55	2.0	In
Put	2023-03-31 PUT at $61.5	-0.5599	0.1585	165	2023-03-31	1.15 - 1.3	1.68	In
Put	2023-03-31 PUT at $61.0	-0.4804	0.1534	1	2023-03-31	0.95 - 1.05	1.37	Out
Put	2023-03-31 PUT at $60.5	-0.4044	0.1485	0	2023-03-31	0.7 - 0.85	1.21	Out
Put	2023-03-31 PUT at $60.0	-0.3374	0.1341	0	2023-03-31	0.55 - 0.7	0.0	Out
Put	2023-03-31 PUT at $59.5	-0.2835	0.1166	0	2023-03-31	0.45 - 0.6	0.0	Out
Put	2023-03-31 PUT at $59.0	-0.229	0.1031	3	2023-03-31	0.35 - 0.45	0.66	Out
Put	2023-03-31 PUT at $58.5	-0.1952	0.0874	0	2023-03-31	0.3 - 0.4	0.0	Out
Put	2023-03-31 PUT at $58.0	-0.1582	0.0747	0	2023-03-31	0.2 - 0.35	0.0	Out
Put	2023-03-31 PUT at $57.5	-0.1381	0.0635	0	2023-03-31	0.2 - 0.3	0.0	Out
Put	2023-03-31 PUT at $57.0	-0.1127	0.0537	0	2023-03-31	0.15 - 0.25	0.0	Out
Put	2023-03-31 PUT at $56.0	-0.1292	0.0434	0	2023-03-31	0.1 - 0.55	0.0	Out
Put	2023-03-31 PUT at $55.0	-0.0726	0.0306	0	2023-03-31	0.05 - 1.25	0.15	Out

NetApp Inc Historical Liabilities

While analyzing the current debt level is an essential aspect of forecasting the current year budgeting needs of NetApp, understanding its historical liability is critical in projecting NetApp'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 NetApp uses its financing power over time.

NetApp Investors Sentiment

The influence of NetApp'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 NetApp. 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 NetApp's public news can be used to forecast risks associated with investment in NetApp. The trend in average sentiment can be used to explain how an investor holding NetApp can time the market purely based on public headlines and social activities around NetApp Inc. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.

NetApp'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 NetApp'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 NetApp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on NetApp.

NetApp Implied Volatility

34.51

NetApp's implied volatility exposes the market's sentiment of NetApp Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if NetApp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that NetApp stock will not fluctuate a lot when NetApp's options are near their expiration.

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 NetApp 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, NetApp's short interest history, or implied volatility extrapolated from NetApp options trading.

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Check out Correlation Analysis. To learn how to invest in NetApp Stock please use our How to Invest in NetApp guide. Note that the NetApp Inc information on this page should be used as a complementary analysis to other NetApp'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running NetApp Inc price analysis, check to measure NetApp'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 NetApp is operating at the current time. Most of NetApp's value examination focuses on studying past and present price action to predict the probability of NetApp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move NetApp's price. Additionally, you may evaluate how the addition of NetApp to your portfolios can decrease your overall portfolio volatility.

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Is NetApp'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 NetApp. If investors know NetApp 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 NetApp 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

(0.73)

Dividend Share

Earnings Share

5.75

Revenue Per Share

29.469

Quarterly Revenue Growth

(0.06)

The market value of NetApp Inc is measured differently than its book value, which is the value of NetApp that is recorded on the company's balance sheet. Investors also form their own opinion of NetApp's value that differs from its market value or its book value, called intrinsic value, which is NetApp'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 NetApp's market value can be influenced by many factors that don't directly affect NetApp'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 NetApp's value and its price as these two are different measures arrived at by different means. Investors typically determine NetApp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NetApp'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.

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NetApp Stock Options

In The Money vs. Out of Money Option Contracts on NetApp

NetApp Maximum Pain Price across 2023-03-31 Option Contracts

NetApp Inc In The Money Call Balance

NetApp Current Options Market Mood

Put-to-Call Volume

Rule 16 of the current NetApp contract

NetApp Option Chain

NetApp Inc Historical Liabilities

NetApp Investors Sentiment

NetApp Implied Volatility

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for NetApp Stock analysis

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