2024-05-17 PUT at $90.0 Option on Synaptics Incorporated
| SYNA Stock | USD 92.82 0.57 0.62% |
2024-05-17 PUT at $90.0 is a PUT option contract on Synaptics Incorporated's common stock with a strick price of 90.0 expiring on 2024-05-17. The contract was last traded on 2024-05-15 at 14:18:35 for $0.45 and, as of today, has 1 days remaining before the expiration. The option is currently trading at a bid price of $0.25, and an ask price of $0.4. The implied volatility as of the 16th of May 2024 is 58.21.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synaptics Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Synaptics Stock refer to our How to Trade Synaptics Stock guide.
Synaptics |
A put option written on Synaptics Incorporated becomes more valuable as the price of Synaptics Incorporated drops. Conversely, Synaptics Incorporated's put option loses its value as Synaptics Stock rises. When exercised, put options on Synaptics Incorporated produce a short position in Synaptics Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Synaptics Incorporated's downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that Synaptics Incorporated will have an average daily up or down price movement of about 3.64% per day over the life of the option. With Synaptics Incorporated trading at USD 92.82, that is roughly USD 3.38. If you think that the market is fully understating Synaptics Incorporated's daily price movement you should consider buying Synaptics Incorporated options at that current volatility level of 58.21%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on Synaptics Incorporated
An 'Out of The Money' option on Synaptics has a strike price that Synaptics Stock has yet to reach, meaning the option has no intrinsic value. 'Out of The Money' options are usually less costly than 'In The Money' options, making them more desirable to traders with smaller amounts of capital. Some of the uses for Synaptics Incorporated's 'Out of The Money' options include buying the options if you expect a big move in Synaptics Incorporated's stock. Since 'Out of The Money' options have a lower up-front cost (i.e., no intrinsic value) than 'In The Money' options, buying it is a reasonable choice.
| Put Contract Name | 2024-05-17 PUT at $90.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 1 |
| Last Traded On | 2024-05-15 14:18:35 |
| Contract Period | MONTHLY |
| Open Interest | 52 |
| Current Trading Volume | 14.0 |
| Strike Price | 90.0 |
| Last Traded At | 0.45 |
| Current Price Spread | 0.25 | 0.4 |
| Rule 16 Daily Up or Down | USD3.38 |
Synaptics short PUT Option Greeks
Synaptics Incorporated's Option Greeks for the contract ending on 2024-05-17 at a strike price of 90.0 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 Synaptics Incorporated's option greeks, its implied volatility helps estimate the risk of Synaptics Incorporated stock implied by the prices of the options on Synaptics Incorporated's stock.
| Delta | -0.2032 | |
| Gamma | 0.1006 | |
| Theta | -0.3947 | |
| Vega | 0.0136 | |
| Rho | -5.0E-4 |
Synaptics long PUT Option Payoff at expiration
Put options written on Synaptics Incorporated grant holders of the option the right to sell a specified amount of Synaptics Incorporated at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Synaptics Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Synaptics Incorporated is like buying insurance aginst Synaptics Incorporated's downside shift.
Profit |
| Synaptics Incorporated Price At Expiration |
Synaptics short PUT Option Payoff at expiration
By selling Synaptics Incorporated's put option, the investors signal their bearish sentiment. A short position in a put option written on Synaptics Incorporated will generally make money when the underlying price is above the strike price. Therefore Synaptics Incorporated's put payoff at expiration depends on where the Synaptics Stock price is relative to the put option strike price. The breakeven price of 89.67 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to Synaptics Incorporated's price. Finally, at the strike price of 90.0, the payoff chart is constant and positive.
Profit |
| Synaptics Incorporated Price At Expiration |
Synaptics Incorporated Available Put Options
Synaptics Incorporated's option chain is a display of a range of information that helps investors for ways to trade options on Synaptics. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Synaptics. It also shows strike prices and maturity days for a Synaptics Incorporated 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 | |||
Put | 2024-05-17 PUT at $90.0 | -0.2032 | 0.1006 | 52 | 2024-05-17 | 0.25 - 0.4 | 0.45 | Out |
Put | 2024-05-17 PUT at $95.0 | -0.91 | 0.092 | 10 | 2024-05-17 | 2.15 - 3.5 | 5.2 | In |
Put | 2024-05-17 PUT at $100.0 | -0.9641 | 0.0195 | 0 | 2024-05-17 | 5.8 - 9.8 | 14.33 | In |
Put | 2024-05-17 PUT at $105.0 | -0.9465 | 0.0151 | 0 | 2024-05-17 | 11.1 - 14.7 | 17.1 | In |
Put | 2024-05-17 PUT at $115.0 | -0.8513 | 0.013 | 0 | 2024-05-17 | 21.4 - 24.0 | 0.0 | In |
Put | 2024-05-17 PUT at $120.0 | -0.8288 | 0.0112 | 0 | 2024-05-17 | 25.8 - 29.6 | 0.0 | In |
Put | 2024-05-17 PUT at $125.0 | -0.8736 | 0.0094 | 0 | 2024-05-17 | 30.8 - 34.0 | 0.0 | In |
Put | 2024-05-17 PUT at $130.0 | -0.8813 | 0.0082 | 0 | 2024-05-17 | 35.8 - 39.0 | 0.0 | In |
Put | 2024-05-17 PUT at $135.0 | -0.9059 | 0.0069 | 0 | 2024-05-17 | 40.8 - 43.7 | 0.0 | In |
Put | 2024-05-17 PUT at $145.0 | -0.8972 | 0.0061 | 0 | 2024-05-17 | 50.8 - 54.0 | 0.0 | In |
Put | 2024-05-17 PUT at $150.0 | -0.9727 | 0.0029 | 0 | 2024-05-17 | 55.6 - 60.3 | 0.0 | In |
Put | 2024-05-17 PUT at $160.0 | -0.9849 | 0.0017 | 0 | 2024-05-17 | 65.5 - 70.2 | 0.0 | In |
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Our tools can tell you how much better you can do entering a position in Synaptics Incorporated 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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Synaptics Incorporated Corporate Management
Elected by the shareholders, the Synaptics Incorporated's board of directors comprises two types of representatives: Synaptics Incorporated inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Synaptics. The board's role is to monitor Synaptics Incorporated's management team and ensure that shareholders' interests are well served. Synaptics Incorporated'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, Synaptics Incorporated's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lisa Bodensteiner | Chief VP | Profile | |
| Satish Ganesan | GM VP | Profile | |
| Esther Song | Corporate CP | Profile | |
| Craig Stein | VP Division | Profile | |
| Michael Brooker | Senior Officer | Profile | |
| Lori Stahl | Senior Officer | Profile |
Already Invested in Synaptics Incorporated?
The danger of trading Synaptics Incorporated 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 Synaptics Incorporated 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 Synaptics Incorporated. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Synaptics Incorporated 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 Synaptics Incorporated offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Synaptics Incorporated'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 Synaptics Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Synaptics Incorporated Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synaptics Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Synaptics Stock refer to our How to Trade Synaptics Stock guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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Is Synaptics Incorporated'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 Synaptics Incorporated. If investors know Synaptics 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 Synaptics Incorporated 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 (0.84) | Earnings Share (2.70) | Revenue Per Share 23.992 | Quarterly Revenue Growth (0.27) | Return On Assets (0.02) |
The market value of Synaptics Incorporated is measured differently than its book value, which is the value of Synaptics that is recorded on the company's balance sheet. Investors also form their own opinion of Synaptics Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Synaptics Incorporated'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 Synaptics Incorporated's market value can be influenced by many factors that don't directly affect Synaptics Incorporated'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 Synaptics Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Synaptics Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Synaptics Incorporated'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.