NTAP230217P00072500 Option on NetApp Inc

NTAP Stock  USD 104.97  0.25  0.24%   
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.

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 2024-03-28 are carrying combined implied volatility of 24.68 with a put-to-call open interest ratio of 0.34 over 118 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2024-03-28. The current put volume is at 24, with calls trading at the volume of 151. This yields a 0.16 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.

Open Interest Against 2024-03-28 Option Contracts

NetApp 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 NetApp's lending market. For example, when NetApp'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 NetApp, he or she must hedge the risk by shorting NetApp stock over its option's life.
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'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 better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
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.
At this time, NetApp's Total Stockholder Equity is relatively stable compared to the past year. As of 03/28/2024, Common Stock Shares Outstanding is likely to grow to about 255.4 M, though Other Stockholder Equity is likely to grow to (55.7 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 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 1.54% per day over the life of the 2024-03-28 option contract. With NetApp trading at USD 104.97, that is roughly USD 1.62. 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 24.68%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
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.

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.
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.
DeltaGammaOpen IntExpirationCurrent SpreadLast Price
Call
2024-03-28 CALL at $50.00.94640.001902024-03-2853.0 - 56.90.0In
Call
2024-03-28 CALL at $55.00.93960.002302024-03-2848.2 - 51.90.0In
Call
2024-03-28 CALL at $60.00.9320.002802024-03-2843.1 - 46.90.0In
Call
2024-03-28 CALL at $65.00.96990.002302024-03-2839.2 - 42.00.0In
Call
2024-03-28 CALL at $70.00.91030.004402024-03-2833.1 - 37.00.0In
Call
2024-03-28 CALL at $73.00.9030.005102024-03-2830.4 - 34.00.0In
Call
2024-03-28 CALL at $74.00.90040.005302024-03-2829.3 - 33.00.0In
Call
2024-03-28 CALL at $75.00.89760.005602024-03-2828.1 - 32.00.0In
Call
2024-03-28 CALL at $76.00.89480.005902024-03-2827.1 - 31.00.0In
Call
2024-03-28 CALL at $77.00.89180.006202024-03-2826.1 - 30.00.0In
Call
2024-03-28 CALL at $78.00.88870.006502024-03-2825.1 - 29.00.0In
Call
2024-03-28 CALL at $79.00.90830.006602024-03-2824.3 - 27.40.0In
Call
2024-03-28 CALL at $80.00.88210.007202024-03-2823.4 - 27.00.0In
Call
2024-03-28 CALL at $81.00.87850.007602024-03-2822.0 - 26.00.0In
Call
2024-03-28 CALL at $82.00.87470.008152024-03-2821.1 - 25.05.5In
Call
2024-03-28 CALL at $83.00.87070.008562024-03-2820.1 - 24.04.9In
Call
2024-03-28 CALL at $84.00.85940.00922024-03-2819.0 - 23.25.8In
Call
2024-03-28 CALL at $85.00.8620.009612024-03-2818.1 - 22.06.25In
Call
2024-03-28 CALL at $86.00.99230.002402024-03-2817.2 - 21.30.0In
Call
2024-03-28 CALL at $87.00.85220.010912024-03-2816.1 - 20.018.3In
Call
2024-03-28 CALL at $88.00.84680.0116142024-03-2814.7 - 19.017.27In
Call
2024-03-28 CALL at $89.00.87030.0126742024-03-2814.3 - 17.421.7In
Call
2024-03-28 CALL at $90.00.83470.0134282024-03-2813.1 - 17.015.41In
Call
2024-03-28 CALL at $91.00.82790.014432024-03-2812.1 - 16.020.0In
Call
2024-03-28 CALL at $92.00.81620.015402024-03-2811.2 - 15.10.0In
Call
2024-03-28 CALL at $93.00.80380.016552024-03-2810.1 - 14.28.25In
Call
2024-03-28 CALL at $94.00.80380.018302024-03-289.1 - 13.013.93In
Call
2024-03-28 CALL at $95.00.7940.0199112024-03-288.1 - 12.09.5In
Call
2024-03-28 CALL at $96.00.78820.022142024-03-287.2 - 10.913.51In
Call
2024-03-28 CALL at $97.00.77610.024582024-03-286.1 - 9.97.5In
Call
2024-03-28 CALL at $98.00.76790.027772024-03-285.5 - 8.84.2In
Call
2024-03-28 CALL at $99.00.74130.03162024-03-284.2 - 8.05.52In
Call
2024-03-28 CALL at $100.00.7280.03471282024-03-283.5 - 6.94.0In
Call
2024-03-28 CALL at $101.00.70580.0399132024-03-282.1 - 5.94.0In
Call
2024-03-28 CALL at $102.00.67860.04671302024-03-281.25 - 4.92.8In
Call
2024-03-28 CALL at $103.00.71820.08364402024-03-281.55 - 2.951.8In
Call
2024-03-28 CALL at $104.00.72910.16073222024-03-281.1 - 2.050.62In
Call
2024-03-28 CALL at $105.00.61340.47343062024-03-280.45 - 0.550.45In
Call
2024-03-28 CALL at $106.00.23880.28893162024-03-280.1 - 0.20.08Out
Call
2024-03-28 CALL at $107.00.08560.12254242024-03-280.0 - 0.10.05Out
Call
2024-03-28 CALL at $108.00.06440.07037452024-03-280.0 - 0.050.05Out
 Put
2024-03-28 PUT at $104.0-0.22660.1809792024-03-280.0 - 0.10.22Out
 Put
2024-03-28 PUT at $105.0-0.4090.38363342024-03-280.25 - 0.350.5Out
 Put
2024-03-28 PUT at $106.0-0.79510.3155182024-03-280.85 - 1.050.88In
 Put
2024-03-28 PUT at $107.0-0.74990.124262024-03-281.1 - 2.152.47In
 Put
2024-03-28 PUT at $108.0-0.83960.089732024-03-281.1 - 4.92.6In
 Put
2024-03-28 PUT at $109.0-0.84040.066502024-03-282.25 - 5.90.0In
 Put
2024-03-28 PUT at $110.0-0.76520.049562024-03-283.6 - 6.95.6In
 Put
2024-03-28 PUT at $111.0-0.89230.041602024-03-284.1 - 7.90.0In
 Put
2024-03-28 PUT at $112.0-0.90170.034802024-03-285.1 - 8.90.0In
 Put
2024-03-28 PUT at $113.0-0.92270.02802024-03-287.2 - 8.70.0In
 Put
2024-03-28 PUT at $114.0-0.94270.021902024-03-287.0 - 10.80.0In
 Put
2024-03-28 PUT at $115.0-0.96260.018402024-03-288.0 - 11.70.0In
 Put
2024-03-28 PUT at $116.0-0.9650.013902024-03-288.8 - 12.90.0In
 Put
2024-03-28 PUT at $117.0-0.88610.021602024-03-2810.0 - 14.50.0In
 Put
2024-03-28 PUT at $118.0-0.94290.015402024-03-2811.0 - 14.90.0In
 Put
2024-03-28 PUT at $119.0-0.94550.01602024-03-2812.0 - 15.90.0In
 Put
2024-03-28 PUT at $120.0-0.95880.011302024-03-2813.0 - 16.80.0In
 Put
2024-03-28 PUT at $125.0-0.95640.00902024-03-2818.0 - 21.90.0In
 Put
2024-03-28 PUT at $130.0-0.94760.008102024-03-2823.2 - 26.90.0In
 Put
2024-03-28 PUT at $135.0-0.96590.005502024-03-2828.5 - 31.40.0In
 Put
2024-03-28 PUT at $140.0-0.96890.004502024-03-2833.1 - 36.80.0In
 Put
2024-03-28 PUT at $145.0-0.85730.00802024-03-2837.9 - 41.60.0In
 Put
2024-03-28 PUT at $150.0-0.98590.002202024-03-2843.0 - 46.70.0In

NetApp Total Stockholder Equity Over Time

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
   Total Stockholder Equity   
       Timeline  

NetApp Common Stock Shares Outstanding Over Time

The total number of shares of a company's common stock that are currently owned by all its shareholders.
   Common Stock Shares Outstanding   
       Timeline  

NetApp Total Stockholder Equity

Total Stockholder Equity

1.9 Billion

At this time, NetApp's Total Stockholder Equity is relatively stable compared to the past year.

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 market does not have solid backing from leading economists and market statisticians.
Investor biases related to NetApp's public news can be used to forecast risks associated with an 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 equities 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

    
  24.68  
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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When determining whether NetApp Inc 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 NetApp 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 Netapp Inc Stock. Highlighted below are key reports to facilitate an investment decision about Netapp Inc Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
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 the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running NetApp's 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 the 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
3.933
Dividend Share
2
Earnings Share
4.39
Revenue Per Share
29.398
Quarterly Revenue Growth
0.052
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 if NetApp is a good investment 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.