ORI220819P00030000 Option on Old Republic Interna
| ORI Stock | USD 30.31 0.10 0.33% |
Old Republic's option chain provides insight into all available option contracts written on Old Republic's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Old Republic'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 Old option contract.
In The Money vs. Out of Money Option Contracts on Old Republic
Analyzing Old Republic's in-the-money options over time can help investors to take a profitable long position in Old Republic regardless of its overall volatility. This is especially true when Old Republic's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Old Republic's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Old Republic's stock while costing only a fraction of its price.
Old Republic's latest option contracts expiring on 2024-05-17 are carrying combined implied volatility of 22.59 with a put-to-call open interest ratio of 0.12 over 26 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2024-05-17. The current put volume is at 6, with calls trading at the volume of 44. This yields a 0.14 put-to-call volume ratio. The Old Republic option chain provides detailed quote and price information for the current Old Republic International option contracts. It shows all of Old Republic's listed puts, calls, expiration dates, strike prices, and other pricing information.
Open Interest Against 2024-05-17 Option Contracts
Old Republic 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 Old Republic's lending market. For example, when Old Republic'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 Old Republic, he or she must hedge the risk by shorting Old Republic stock over its option's life.
2024-05-17
The chart above shows Old Republic'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. Old Republic's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Old Republic's option, there is no secondary market available for investors to trade.
Old Republic Maximum Pain Price across 2024-05-17 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 Old Republic 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.
Old Republic's stock options are financial instruments that give investors the right to buy or sell shares of Old Republic Interna common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Old stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Old Republic's stock price goes up or down, the stock options follow.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old Republic International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. Please note that buying 'in-the-money' options on Old Republic lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Old Republic'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 Old Republic 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 Old Stock moves the wrong way.
As of now, Old Republic's Stock Based Compensation is increasing as compared to previous years. The Old Republic's current Stock Based Compensation To Revenue is estimated to increase to 0, while Total Stockholder Equity is projected to decrease to under 3.5 B. Old Republic Interna In The Money Call Balance
When Old Republic's strike price is surpassing the current stock price, the option contract against Old Republic International stock is said to be in the money. When it comes to buying Old Republic'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 Old Republic International 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.
Old Current Options Market Mood
Old Republic'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 Old 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 Old Republic'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. Old Republic'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 Old Republic'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 Old contract
Base on the Rule 16, the options market is currently suggesting that Old Republic International will have an average daily up or down price movement of about 1.41% per day over the life of the 2024-05-17 option contract. With Old Republic trading at USD 30.31, that is roughly USD 0.43. If you think that the market is fully incorporating Old Republic's daily price movement you should consider buying Old Republic International options at the current volatility level of 22.59%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
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Purchasing Old Republic 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" Old calls. Remember, the seller must deliver Old Republic International stock to the call owner when a call is exercised.
Old Republic Option Chain
When Old Republic's strike price is surpassing the current stock price, the option contract against Old Republic International 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.
Old Republic's option chain is a display of a range of information that helps investors for ways to trade options on Old. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Old. It also shows strike prices and maturity days for a Old Republic 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 $15.0 | 0.9298 | 0.0074 | 0 | 2024-05-17 | 14.8 - 17.0 | 0.0 | In |
Call | 2024-05-17 CALL at $17.5 | 0.9058 | 0.0107 | 0 | 2024-05-17 | 12.5 - 14.6 | 0.0 | In |
Call | 2024-05-17 CALL at $20.0 | 0.8914 | 0.0154 | 0 | 2024-05-17 | 9.8 - 12.1 | 0.0 | In |
Call | 2024-05-17 CALL at $22.5 | 0.8958 | 0.0227 | 0 | 2024-05-17 | 7.3 - 9.0 | 0.0 | In |
Call | 2024-05-17 CALL at $25.0 | 0.8487 | 0.0378 | 0 | 2024-05-17 | 4.8 - 6.7 | 0.0 | In |
Call | 2024-05-17 CALL at $27.5 | 0.7844 | 0.0735 | 1 | 2024-05-17 | 2.3 - 4.2 | 1.96 | In |
Call | 2024-05-17 CALL at $30.0 | 0.5681 | 0.2321 | 405 | 2024-05-17 | 0.75 - 0.9 | 0.8 | In |
Call | 2024-05-17 CALL at $32.5 | 0.1173 | 0.1103 | 86 | 2024-05-17 | 0.0 - 0.15 | 0.1 | Out |
Put | 2024-05-17 PUT at $27.5 | -0.0872 | 0.0729 | 39 | 2024-05-17 | 0.05 - 0.15 | 0.09 | Out |
Put | 2024-05-17 PUT at $30.0 | -0.429 | 0.2463 | 19 | 2024-05-17 | 0.45 - 0.6 | 0.52 | Out |
Put | 2024-05-17 PUT at $32.5 | -0.8212 | 0.115 | 2 | 2024-05-17 | 1.85 - 3.1 | 1.7 | In |
Put | 2024-05-17 PUT at $35.0 | -0.85 | 0.0583 | 0 | 2024-05-17 | 4.6 - 5.5 | 0.0 | In |
Put | 2024-05-17 PUT at $37.5 | -0.782 | 0.0408 | 0 | 2024-05-17 | 6.9 - 9.2 | 0.0 | In |
Put | 2024-05-17 PUT at $40.0 | -0.7975 | 0.0326 | 0 | 2024-05-17 | 9.6 - 11.6 | 0.0 | In |
Put | 2024-05-17 PUT at $42.5 | -0.8818 | 0.0253 | 0 | 2024-05-17 | 10.7 - 14.6 | 0.0 | In |
Put | 2024-05-17 PUT at $45.0 | -0.8131 | 0.0241 | 0 | 2024-05-17 | 12.8 - 15.7 | 0.0 | In |
Old Republic 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 |
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Old Republic 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 |
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Old Total Stockholder Equity
Total Stockholder Equity |
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Old Republic Corporate Directors
Old Republic corporate directors refer to members of an Old Republic board of directors. The board of directors generally takes responsibility for the Old Republic's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Old Republic's board members must vote for the resolution. The Old Republic board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| John Dixon | Independent Director | Profile | |
| Steven Bateman | Independent Director | Profile | |
| Lisa Caldwell | Independent Director | Profile | |
| Peter McNitt | Independent Director | Profile |
Already Invested in Old Republic International?
The danger of trading Old Republic International 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 Old Republic 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 Old Republic. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Old Republic Interna 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 Old Republic Interna offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Old Republic's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Old Republic International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Old Republic International Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old Republic International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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When running Old Republic's price analysis, check to measure Old Republic'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 Old Republic is operating at the current time. Most of Old Republic's value examination focuses on studying past and present price action to predict the probability of Old Republic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Old Republic's price. Additionally, you may evaluate how the addition of Old Republic to your portfolios can decrease your overall portfolio volatility.
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Is Old Republic'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 Old Republic. If investors know Old 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 Old Republic 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 (0.60) | Dividend Share 0.98 | Earnings Share 2.1 | Revenue Per Share 25.672 | Quarterly Revenue Growth (0.17) |
The market value of Old Republic Interna is measured differently than its book value, which is the value of Old that is recorded on the company's balance sheet. Investors also form their own opinion of Old Republic's value that differs from its market value or its book value, called intrinsic value, which is Old Republic'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 Old Republic's market value can be influenced by many factors that don't directly affect Old Republic'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 Old Republic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Old Republic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Old Republic'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.