Office Depot Stock Options


USD 35.03  0.12  0.34%   

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

In The Money vs. Out of Money Option Contracts on Office Depot

Analyzing Office Depot's in-the-money options over time can help investors to take a profitable long position in Office Depot regardless of its overall volatility. This is especially true when Office Depot's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Office Depot's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Office Depot's stock while costing only a fraction of its price.
Office Depot's latest option contracts expiring on 2022-10-21 are carrying combined implied volatility of 43.19 with a put-to-call open interest ratio of 0.74 over 46 outstanding agreements suggesting investors are buying slightly more calls than puts on contracts expiring on 2022-10-21. The current put volume is at 33, with calls trading at the volume of 38. This yields a 0.87 put-to-call volume ratio. The Office Depot option chain provides detailed quote and price information for the current Office Depot option contracts. It shows all of Office Depot's listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2022-10-21 Option Contracts

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

Office Depot Maximum Pain Price across 2022-10-21 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 Office Depot 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.
Office Depot's stock options are financial instruments that give investors the right to buy or sell shares of Office Depot common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Office stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Office Depot's stock price goes up or down, the stock options follow.
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Please note that buying 'in-the-money' options on Office Depot lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Office Depot'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 Office Depot 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 Office Stock moves the wrong way.

Office Depot In The Money Call Balance

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

Office Current Options Market Mood

Office Depot'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 Office 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 Office Depot'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. Office Depot'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 Office Depot'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 Office contract

Base on the Rule 16, the options market is currently suggesting that Office Depot will have an average daily up or down price movement of about 2.7% per day over the life of the 2022-10-21 option contract. With Office Depot trading at $35.03, that is roughly $0.95. If you think that the market is fully incorporating Office Depot's daily price movement you should consider buying Office Depot options at the current volatility level of 43.19%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Office Depot Option Chain

When Office Depot's strike price is surpassing the current stock price, the option contract against Office Depot 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.
Office Depot's option chain is a display of a range of information that helps investors for ways to trade options on Office. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Office. It also shows strike prices and maturity days for a Office Depot 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
2022-10-21 CALL at $15.00.94850.004602022-10-2118.9 - 22.50.0In
2022-10-21 CALL at $20.00.91820.008802022-10-2114.4 - 17.30.0In
2022-10-21 CALL at $25.00.91350.016302022-10-218.9 - 12.10.0In
2022-10-21 CALL at $30.00.83020.039912022-10-213.9 - 7.56.0In
2022-10-21 CALL at $35.00.53450.08081012022-10-211.3 - 2.72.4In
2022-10-21 CALL at $36.00.46710.0712372022-10-210.85 - 2.82.03Out
2022-10-21 CALL at $37.00.39540.0708852022-10-210.5 - 2.31.85Out
2022-10-21 CALL at $38.00.33450.0659152022-10-210.25 - 2.01.65Out
2022-10-21 CALL at $41.00.19830.047512022-10-210.05 - 1.153.0Out
2022-10-21 PUT at $65.0-0.84050.01402022-10-2128.2 - 31.10.0In
2022-10-21 PUT at $60.0-0.83090.015902022-10-2123.2 - 26.10.0In
2022-10-21 PUT at $55.0-0.85930.017802022-10-2118.6 - 20.70.0In
2022-10-21 PUT at $50.0-0.80920.022902022-10-2113.3 - 16.00.0In
2022-10-21 PUT at $49.0-0.86580.02302022-10-2112.9 - 16.10.0In
2022-10-21 PUT at $48.0-0.82160.025402022-10-2111.4 - 13.80.0In
2022-10-21 PUT at $47.0-0.80440.027102022-10-2110.9 - 12.90.0In
2022-10-21 PUT at $46.0-0.77640.028602022-10-219.0 - 12.10.0In
2022-10-21 PUT at $45.0-0.88170.029112022-10-219.0 - 11.610.6In
2022-10-21 PUT at $44.0-0.82240.033902022-10-217.7 - 9.67.2In
2022-10-21 PUT at $43.0-0.80610.037302022-10-217.2 - 10.10.0In
2022-10-21 PUT at $42.0-0.710.038402022-10-215.4 - 8.40.0In
2022-10-21 PUT at $41.0-0.8170.047702022-10-215.2 - 7.70.0In
2022-10-21 PUT at $40.0-0.71980.0497302022-10-213.3 - 6.04.7In
2022-10-21 PUT at $39.0-0.76340.106852022-10-213.7 - 5.43.7In
2022-10-21 PUT at $38.0-0.74590.081912022-10-212.6 - 4.44.13In
2022-10-21 PUT at $37.0-0.60750.0716282022-10-210.4 - 3.30.93In
2022-10-21 PUT at $36.0-0.55390.0865292022-10-211.75 - 2.951.55In
2022-10-21 PUT at $35.0-0.47230.11461052022-10-211.2 - 1.51.47Out
2022-10-21 PUT at $30.0-0.15650.0405132022-10-210.05 - 1.00.05Out

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Please check Your Equity Center. Note that the Office Depot information on this page should be used as a complementary analysis to other Office Depot'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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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Is Office Depot'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 Office Depot. If investors know Office 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 Office Depot listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Office Depot is measured differently than its book value, which is the value of Office that is recorded on the company's balance sheet. Investors also form their own opinion of Office Depot's value that differs from its market value or its book value, called intrinsic value, which is Office Depot'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 Office Depot's market value can be influenced by many factors that don't directly affect Office Depot'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 Office Depot's value and its price as these two are different measures arrived at by different means. Investors typically determine Office Depot value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Office Depot'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.