TRV221021C00160000 Option on The Travelers Companies
| TRV Stock | USD 210.42 3.84 1.86% |
Travelers Companies' option chain provides insight into all available option contracts written on Travelers Companies' stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Travelers Companies' 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 Travelers option contract.
In The Money vs. Out of Money Option Contracts on Travelers Companies
Analyzing Travelers Companies' in-the-money options over time can help investors to take a profitable long position in Travelers Companies regardless of its overall volatility. This is especially true when Travelers Companies' options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Travelers Companies' options could be used as guardians of the underlying stock as they move almost dollar for dollar with Travelers Companies' stock while costing only a fraction of its price.
Travelers Companies' latest option contracts expiring on 2024-04-19 are carrying combined implied volatility of 71.37 with a put-to-call open interest ratio of 0.92 over 60 outstanding agreements suggesting investors are buying slightly more calls than puts on contracts expiring on 2024-04-19. The current put volume is at 1758, with calls trading at the volume of 711. This yields a 2.47 put-to-call volume ratio. The Travelers Companies option chain provides detailed quote and price information for the current The Travelers Companies option contracts. It shows all of Travelers Companies' listed puts, calls, expiration dates, strike prices, and other pricing information.
Open Interest Against 2024-04-19 Option Contracts
Travelers Companies 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 Travelers Companies' lending market. For example, when Travelers Companies' 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 Travelers Companies, he or she must hedge the risk by shorting Travelers Companies stock over its option's life.
2024-04-19
The chart above shows Travelers Companies' 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. Travelers Companies' open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Travelers Companies' option, there is no secondary market available for investors to trade.
Travelers Companies' stock options are financial instruments that give investors the right to buy or sell shares of The Travelers Companies common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Travelers stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Travelers Companies' stock price goes up or down, the stock options follow.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The Travelers Companies. 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 Travelers Companies lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Travelers Companies' 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 Travelers Companies 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 Travelers Stock moves the wrong way.
At this time, Travelers Companies' Common Stock Shares Outstanding is fairly stable compared to the past year. Common Stock Total Equity is likely to climb to about 29.7 B in 2024, whereas Liabilities And Stockholders Equity is likely to drop slightly above 73.3 B in 2024. The Travelers Companies In The Money Call Balance
When Travelers Companies' strike price is surpassing the current stock price, the option contract against The Travelers Companies stock is said to be in the money. When it comes to buying Travelers Companies' 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 The Travelers Companies 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.
Travelers Current Options Market Mood
Travelers Companies' 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 Travelers 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 Travelers Companies' calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Travelers Companies' 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 Travelers Companies' 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 Travelers contract
Base on the Rule 16, the options market is currently suggesting that The Travelers Companies will have an average daily up or down price movement of about 4.46% per day over the life of the 2024-04-19 option contract. With Travelers Companies trading at USD 210.42, that is roughly USD 9.39. If you think that the market is fully incorporating Travelers Companies' daily price movement you should consider buying The Travelers Companies options at the current volatility level of 71.37%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Travelers |
Purchasing Travelers Companies 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" Travelers calls. Remember, the seller must deliver The Travelers Companies stock to the call owner when a call is exercised.
Travelers Companies Option Chain
When Travelers Companies' strike price is surpassing the current stock price, the option contract against The Travelers Companies 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.
Travelers Companies' option chain is a display of a range of information that helps investors for ways to trade options on Travelers. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Travelers. It also shows strike prices and maturity days for a Travelers Companies 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 | 2024-04-19 CALL at $85.0 | 0.9968 | 1.0E-4 | 0 | 2024-04-19 | 124.0 - 127.0 | 0.0 | In |
Call | 2024-04-19 CALL at $90.0 | 0.9675 | 6.0E-4 | 0 | 2024-04-19 | 118.2 - 122.2 | 94.8 | In |
Call | 2024-04-19 CALL at $95.0 | 0.9667 | 7.0E-4 | 0 | 2024-04-19 | 113.2 - 117.1 | 0.0 | In |
Call | 2024-04-19 CALL at $100.0 | 0.9929 | 3.0E-4 | 0 | 2024-04-19 | 109.1 - 112.1 | 77.6 | In |
Call | 2024-04-19 CALL at $105.0 | 0.9625 | 9.0E-4 | 0 | 2024-04-19 | 103.3 - 107.1 | 0.0 | In |
Call | 2024-04-19 CALL at $110.0 | 0.9587 | 0.001 | 0 | 2024-04-19 | 98.3 - 102.2 | 73.2 | In |
Call | 2024-04-19 CALL at $115.0 | 0.9577 | 0.0011 | 0 | 2024-04-19 | 93.2 - 97.1 | 69.8 | In |
Call | 2024-04-19 CALL at $120.0 | 0.9909 | 5.0E-4 | 1 | 2024-04-19 | 89.1 - 92.1 | 103.45 | In |
Call | 2024-04-19 CALL at $125.0 | 0.9926 | 4.0E-4 | 0 | 2024-04-19 | 84.0 - 87.1 | 46.7 | In |
Call | 2024-04-19 CALL at $130.0 | 0.951 | 0.0015 | 0 | 2024-04-19 | 78.2 - 82.0 | 40.9 | In |
Call | 2024-04-19 CALL at $135.0 | 0.9979 | 2.0E-4 | 0 | 2024-04-19 | 73.9 - 77.0 | 36.3 | In |
Call | 2024-04-19 CALL at $140.0 | 0.9441 | 0.0019 | 0 | 2024-04-19 | 68.3 - 72.0 | 0.0 | In |
Call | 2024-04-19 CALL at $145.0 | 0.9903 | 7.0E-4 | 0 | 2024-04-19 | 64.0 - 67.1 | 29.2 | In |
Call | 2024-04-19 CALL at $150.0 | 0.9358 | 0.0025 | 11 | 2024-04-19 | 58.3 - 62.0 | 23.1 | In |
Call | 2024-04-19 CALL at $155.0 | 0.9282 | 0.0029 | 20 | 2024-04-19 | 53.4 - 57.1 | 52.9 | In |
Call | 2024-04-19 CALL at $160.0 | 0.9224 | 0.0033 | 14 | 2024-04-19 | 48.6 - 52.1 | 63.35 | In |
Call | 2024-04-19 CALL at $165.0 | 0.9157 | 0.0039 | 59 | 2024-04-19 | 43.3 - 47.1 | 27.58 | In |
Call | 2024-04-19 CALL at $170.0 | 0.9902 | 0.0013 | 29 | 2024-04-19 | 38.9 - 42.1 | 18.04 | In |
Call | 2024-04-19 CALL at $175.0 | 0.9691 | 0.0033 | 12 | 2024-04-19 | 34.3 - 37.1 | 48.59 | In |
Call | 2024-04-19 CALL at $180.0 | 0.8874 | 0.0067 | 70 | 2024-04-19 | 28.5 - 32.1 | 27.85 | In |
Call | 2024-04-19 CALL at $185.0 | 0.8733 | 0.0083 | 70 | 2024-04-19 | 23.5 - 27.1 | 23.07 | In |
Call | 2024-04-19 CALL at $190.0 | 0.995 | 0.0017 | 126 | 2024-04-19 | 19.0 - 21.9 | 41.0 | In |
Call | 2024-04-19 CALL at $195.0 | 0.9099 | 0.0133 | 135 | 2024-04-19 | 14.2 - 16.9 | 15.96 | In |
Call | 2024-04-19 CALL at $200.0 | 0.9445 | 0.0165 | 376 | 2024-04-19 | 10.0 - 11.6 | 10.6 | In |
Call | 2024-04-19 CALL at $210.0 | 0.593 | 0.2035 | 837 | 2024-04-19 | 1.0 - 1.25 | 1.0 | In |
Call | 2024-04-19 CALL at $220.0 | 0.0079 | 0.0056 | 1442 | 2024-04-19 | 0.0 - 0.05 | 0.01 | Out |
Call | 2024-04-19 CALL at $230.0 | 0.0045 | 0.0019 | 2359 | 2024-04-19 | 0.0 - 0.05 | 0.01 | Out |
Call | 2024-04-19 CALL at $240.0 | 0.0102 | 0.0023 | 354 | 2024-04-19 | 0.0 - 0.05 | 0.04 | Out |
Put | 2024-04-19 PUT at $195.0 | -0.012 | 0.0044 | 668 | 2024-04-19 | 0.0 - 1.1 | 0.03 | Out |
Put | 2024-04-19 PUT at $200.0 | -0.0241 | 0.0104 | 1103 | 2024-04-19 | 0.0 - 0.05 | 0.05 | Out |
Put | 2024-04-19 PUT at $210.0 | -0.4288 | 0.156 | 696 | 2024-04-19 | 0.3 - 0.8 | 0.8 | Out |
Put | 2024-04-19 PUT at $220.0 | -0.8684 | 0.026 | 482 | 2024-04-19 | 7.6 - 10.1 | 10.86 | In |
Put | 2024-04-19 PUT at $230.0 | -0.929 | 0.0109 | 185 | 2024-04-19 | 18.6 - 21.3 | 22.6 | In |
Put | 2024-04-19 PUT at $240.0 | -0.9612 | 0.0055 | 0 | 2024-04-19 | 27.9 - 31.7 | 16.6 | In |
Put | 2024-04-19 PUT at $250.0 | -0.9731 | 0.0034 | 0 | 2024-04-19 | 37.8 - 41.7 | 0.0 | In |
Put | 2024-04-19 PUT at $260.0 | -0.9008 | 0.0053 | 0 | 2024-04-19 | 47.9 - 51.0 | 0.0 | In |
Travelers Companies 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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Travelers Companies 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 |
Travelers Total Stockholder Equity
Total Stockholder Equity |
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Travelers Companies Corporate Directors
Travelers Companies corporate directors refer to members of a Travelers Companies board of directors. The board of directors generally takes responsibility for the Travelers Companies' 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 Travelers Companies' board members must vote for the resolution. The Travelers Companies board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Laurie Thomsen | Independent Director | Profile | |
| Philip Ruegger | Independent Director | Profile | |
| Clarence Otis | Independent Director | Profile | |
| William Kane | Independent Director | Profile |
Already Invested in The Travelers Companies?
The danger of trading The Travelers Companies 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 Travelers Companies 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 Travelers Companies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile The Travelers Companies 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 The Travelers Companies is a strong investment it is important to analyze Travelers Companies' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Travelers Companies' future performance. For an informed investment choice regarding Travelers Stock, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The Travelers Companies. 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 Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Travelers Stock analysis
When running Travelers Companies' price analysis, check to measure Travelers Companies' 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 Travelers Companies is operating at the current time. Most of Travelers Companies' value examination focuses on studying past and present price action to predict the probability of Travelers Companies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Travelers Companies' price. Additionally, you may evaluate how the addition of Travelers Companies to your portfolios can decrease your overall portfolio volatility.
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Is Travelers Companies' 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 Travelers Companies. If investors know Travelers 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 Travelers Companies 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 0.162 | Dividend Share 4 | Earnings Share 13.47 | Revenue Per Share 187.263 | Quarterly Revenue Growth 0.157 |
The market value of The Travelers Companies is measured differently than its book value, which is the value of Travelers that is recorded on the company's balance sheet. Investors also form their own opinion of Travelers Companies' value that differs from its market value or its book value, called intrinsic value, which is Travelers Companies' 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 Travelers Companies' market value can be influenced by many factors that don't directly affect Travelers Companies' 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 Travelers Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Travelers Companies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Travelers Companies' 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.