2024-08-16 CALL at $75.0 Option on NetApp Inc
| NTAP Stock | USD 108.85 0.35 0.32% |
2024-08-16 CALL at $75.0 is a CALL option contract on NetApp's common stock with a strick price of 75.0 expiring on 2024-08-16. The contract was not traded in recent days and, as of today, has 95 days remaining before the expiration. The option is currently trading at a bid price of $32.0, and an ask price of $36.5. The implied volatility as of the 13th of May 2024 is 38.7.
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.
NetApp |
Call options on NetApp give the investor right to buy NetApp Stock at a specified price within a specific period. The strike price represents the predetermined price at which a call buyer can buy NetApp Stock. Call options may be purchased for speculation or sold for income purposes, or simply combined for various spread or combination strategies. If NetApp's price is above the strike price at expiry, the profit is the current NetApp's stock price, minus the strike price and the premium.
Rule 16 of 2024-08-16 Option Contract
The options market is anticipating that NetApp Inc will have an average daily up or down price movement of about 2.42% per day over the life of the option. With NetApp trading at USD 108.85, that is roughly USD 2.63. If you think that the market is fully understating NetApp's daily price movement you should consider buying NetApp Inc options at that current volatility level of 38.7%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Call Option on NetApp
An 'In The Money' option is one with a strike price that the current stock price has already surpassed. Some options investors can hedge their NetApp positions using in-the-money options. They may also want to buy options with some intrinsic value, not just time value. However, because in-the-money options on NetApp Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
| Call Contract Name | 2024-08-16 CALL at $75.0 |
| Expires On | 2024-08-16 |
| Days Before Expriration | 95 |
| Last Traded On | 0000-00-00 00:00:00 |
| Contract Period | MONTHLY |
| Open Interest | 0 |
| Current Trading Volume | 0.0 |
| Strike Price | 75.0 |
| Last Traded At | 0.0 |
| Current Price Spread | 32.0 | 36.5 |
| Rule 16 Daily Up or Down | USD2.63 |
NetApp short CALL Option Greeks
NetApp's Option Greeks for the contract ending on 2024-08-16 at a strike price of 75.0 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 NetApp's option greeks, its implied volatility helps estimate the risk of NetApp stock implied by the prices of the options on NetApp's stock.
| Delta | 0.9725 | |
| Gamma | 0.0025 | |
| Theta | -0.0114 | |
| Vega | 0.0301 | |
| Rho | 0.1894 |
NetApp long CALL Option Payoff at expiration
Buying NetApp's call option is the simplest of option trades. A call option on NetApp Stock gives investors the right (but not the obligation) to purchase NetApp at the given strike price. Therefore NetApp's call intrinsic value or payoff at expiration depends on where the NetApp Stock price is relative to the call option strike price. The strike price of 75.0 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 NetApp's price. Finally, at the break-even point of 109.25, the line crosses zero, and trading NetApp becomes profitable.
Profit |
| NetApp Price At Expiration |
NetApp short CALL Option Payoff at expiration
By selling NetApp's call option, the investors signals his or her bearish sentiment. A short position in a call option written on NetApp will generally make money when the underlying price goes down. Therefore NetApp's call intrinsic value or payoff at expiration depends on where the NetApp Stock price is relative to the call option strike price. The strike price of 75.0 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 NetApp's price. Finally, at the break-even point of 109.25, the line crosses zero, and trading NetApp becomes disadvantageous with no downside limits.
Profit |
| NetApp Price At Expiration |
NetApp Inc Available Call Options
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 | 2024-05-17 CALL at $50.0 | 0.9383 | 0.0018 | 0 | 2024-05-17 | 56.1 - 60.9 | 0.0 | In |
Call | 2024-05-17 CALL at $55.0 | 0.9324 | 0.0022 | 1 | 2024-05-17 | 51.0 - 55.8 | 46.1 | In |
Call | 2024-05-17 CALL at $60.0 | 0.9226 | 0.0026 | 0 | 2024-05-17 | 46.1 - 50.9 | 0.0 | In |
Call | 2024-05-17 CALL at $65.0 | 0.9911 | 0.001 | 0 | 2024-05-17 | 41.2 - 46.0 | 0.0 | In |
Call | 2024-05-17 CALL at $70.0 | 0.9815 | 0.0019 | 0 | 2024-05-17 | 36.4 - 41.0 | 0.0 | In |
Call | 2024-05-17 CALL at $75.0 | 0.9962 | 7.0E-4 | 0 | 2024-05-17 | 31.2 - 35.9 | 0.0 | In |
Call | 2024-05-17 CALL at $77.5 | 0.9888 | 0.0017 | 0 | 2024-05-17 | 28.7 - 33.5 | 0.0 | In |
Call | 2024-05-17 CALL at $80.0 | 0.8749 | 0.0062 | 0 | 2024-05-17 | 26.0 - 30.9 | 30.1 | In |
Call | 2024-05-17 CALL at $82.5 | 0.8842 | 0.007 | 66 | 2024-05-17 | 24.1 - 27.8 | 19.71 | In |
Call | 2024-05-17 CALL at $85.0 | 0.8955 | 0.0078 | 26 | 2024-05-17 | 22.2 - 24.8 | 21.64 | In |
Call | 2024-05-17 CALL at $87.0 | 0.8839 | 0.0089 | 0 | 2024-05-17 | 20.1 - 22.9 | 0.0 | In |
Call | 2024-05-17 CALL at $87.5 | 0.977 | 0.0045 | 13 | 2024-05-17 | 19.6 - 22.7 | 14.95 | In |
Call | 2024-05-17 CALL at $88.0 | 0.8631 | 0.0095 | 0 | 2024-05-17 | 18.5 - 22.3 | 0.0 | In |
Call | 2024-05-17 CALL at $89.0 | 0.9757 | 0.005 | 0 | 2024-05-17 | 18.0 - 21.3 | 0.0 | In |
Call | 2024-05-17 CALL at $90.0 | 0.9844 | 0.004 | 492 | 2024-05-17 | 17.6 - 19.6 | 18.45 | In |
Call | 2024-05-17 CALL at $91.0 | 0.9982 | 8.0E-4 | 0 | 2024-05-17 | 15.6 - 19.5 | 0.0 | In |
Call | 2024-05-17 CALL at $92.0 | 0.8848 | 0.0122 | 0 | 2024-05-17 | 14.6 - 17.5 | 0.0 | In |
Call | 2024-05-17 CALL at $92.5 | 0.8759 | 0.0127 | 674 | 2024-05-17 | 14.9 - 17.1 | 15.65 | In |
Call | 2024-05-17 CALL at $93.0 | 0.8412 | 0.0132 | 0 | 2024-05-17 | 13.6 - 17.2 | 0.0 | In |
Call | 2024-05-17 CALL at $94.0 | 0.8348 | 0.0142 | 0 | 2024-05-17 | 12.6 - 16.2 | 0.0 | In |
Call | 2024-05-17 CALL at $95.0 | 0.8278 | 0.0153 | 38 | 2024-05-17 | 11.8 - 15.2 | 13.7 | In |
Call | 2024-05-17 CALL at $96.0 | 0.98 | 0.0073 | 10 | 2024-05-17 | 10.7 - 14.5 | 3.4 | In |
Call | 2024-05-17 CALL at $97.0 | 0.807 | 0.0179 | 11 | 2024-05-17 | 9.6 - 13.3 | 5.2 | In |
Call | 2024-05-17 CALL at $97.5 | 0.7978 | 0.0185 | 82 | 2024-05-17 | 9.1 - 12.9 | 6.6 | In |
Call | 2024-05-17 CALL at $98.0 | 0.7885 | 0.0191 | 14 | 2024-05-17 | 8.6 - 12.5 | 4.35 | In |
Call | 2024-05-17 CALL at $99.0 | 0.7873 | 0.0213 | 56 | 2024-05-17 | 7.6 - 11.3 | 4.3 | In |
Call | 2024-05-17 CALL at $100.0 | 0.9421 | 0.02 | 571 | 2024-05-17 | 7.7 - 9.7 | 8.5 | In |
Call | 2024-05-17 CALL at $101.0 | 0.7678 | 0.0264 | 112 | 2024-05-17 | 5.9 - 9.2 | 3.1 | In |
Call | 2024-05-17 CALL at $102.0 | 0.9163 | 0.0308 | 65 | 2024-05-17 | 5.0 - 8.5 | 5.0 | In |
Call | 2024-05-17 CALL at $103.0 | 0.8204 | 0.0407 | 98 | 2024-05-17 | 4.9 - 7.5 | 1.2 | In |
Call | 2024-05-17 CALL at $104.0 | 0.7567 | 0.0446 | 2 | 2024-05-17 | 4.6 - 6.6 | 5.2 | In |
Call | 2024-05-17 CALL at $105.0 | 0.8467 | 0.0657 | 1423 | 2024-05-17 | 3.7 - 4.0 | 3.6 | In |
Call | 2024-05-17 CALL at $106.0 | 0.791 | 0.0881 | 3470 | 2024-05-17 | 2.8 - 3.1 | 4.1 | In |
Call | 2024-05-17 CALL at $107.0 | 0.6969 | 0.1113 | 30 | 2024-05-17 | 2.1 - 2.25 | 1.81 | In |
Call | 2024-05-17 CALL at $108.0 | 0.5789 | 0.1287 | 45 | 2024-05-17 | 1.45 - 1.6 | 1.51 | In |
Call | 2024-05-17 CALL at $109.0 | 0.4492 | 0.1284 | 37 | 2024-05-17 | 0.95 - 1.1 | 0.93 | Out |
Call | 2024-05-17 CALL at $110.0 | 0.3186 | 0.1212 | 1366 | 2024-05-17 | 0.55 - 0.7 | 0.6 | Out |
Call | 2024-05-17 CALL at $111.0 | 0.3062 | 0.0768 | 24 | 2024-05-17 | 0.05 - 1.7 | 0.4 | Out |
Call | 2024-05-17 CALL at $112.0 | 0.1296 | 0.0712 | 23 | 2024-05-17 | 0.15 - 1.15 | 0.19 | Out |
Call | 2024-05-17 CALL at $113.0 | 0.0973 | 0.0519 | 12 | 2024-05-17 | 0.1 - 0.2 | 0.15 | Out |
Call | 2024-05-17 CALL at $114.0 | 0.0662 | 0.0369 | 6 | 2024-05-17 | 0.05 - 0.15 | 0.15 | Out |
Call | 2024-05-17 CALL at $115.0 | 0.0595 | 0.0298 | 592 | 2024-05-17 | 0.0 - 0.15 | 0.1 | Out |
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Our tools can tell you how much better you can do entering a position in NetApp 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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NetApp Corporate Management
Elected by the shareholders, the NetApp's board of directors comprises two types of representatives: NetApp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NetApp. The board's role is to monitor NetApp's management team and ensure that shareholders' interests are well served. NetApp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NetApp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Matthew Fawcett | Sr. VP, General Counsel and Secretary | Profile | |
| Puneet Gupta | Managing Services | Profile | |
| Michael Berry | Ex CFO | Profile | |
| Alessandra Yockelson | Executive CHRO | Profile | |
| Elizabeth OCallahan | Chief VP | Profile | |
| Gabrielle Boko | Chief Officer | Profile | |
| Kris Newton | IR Contact Officer | Profile |
Already Invested in NetApp Inc?
The danger of trading NetApp Inc 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 NetApp 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 NetApp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile NetApp Inc 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 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for NetApp Stock analysis
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.