WIRE221216P00155000 Option on Encore Wire

WIRE Stock  USD 262.78  9.59  3.79%   
Encore Wire's option chain provides insight into all available option contracts written on Encore Wire's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Encore Wire'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 Encore option contract.

In The Money vs. Out of Money Option Contracts on Encore Wire

Analyzing Encore Wire's in-the-money options over time can help investors to take a profitable long position in Encore Wire regardless of its overall volatility. This is especially true when Encore Wire's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Encore Wire's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Encore Wire's stock while costing only a fraction of its price.
Encore Wire's latest option contracts expiring on 2024-04-19 are carrying combined implied volatility of 39.0 with a put-to-call open interest ratio of 0.4 over 70 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2024-04-19. The current put volume is at 25, with calls trading at the volume of 57. This yields a 0.44 put-to-call volume ratio. The Encore Wire option chain provides detailed quote and price information for the current Encore Wire option contracts. It shows all of Encore Wire's listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2024-04-19 Option Contracts

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

Encore Wire Maximum Pain Price across 2024-04-19 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 Encore Wire 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.
Encore Wire's stock options are financial instruments that give investors the right to buy or sell shares of Encore Wire common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Encore stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Encore Wire's stock price goes up or down, the stock options follow.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. 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.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.
Please note that buying 'in-the-money' options on Encore Wire lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Encore Wire'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 Encore Wire 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 Encore Stock moves the wrong way.
At present, Encore Wire's Common Stock Shares Outstanding is projected to decrease significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 2.1 B, whereas Common Stock Total Equity is forecasted to decline to about 271.4 K.

Encore Wire In The Money Call Balance

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

Encore Current Options Market Mood

Encore Wire'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 Encore 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 Encore Wire'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. Encore Wire'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 Encore Wire'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 Encore contract

Base on the Rule 16, the options market is currently suggesting that Encore Wire will have an average daily up or down price movement of about 2.44% per day over the life of the 2024-04-19 option contract. With Encore Wire trading at USD 262.78, that is roughly USD 6.4. If you think that the market is fully incorporating Encore Wire's daily price movement you should consider buying Encore Wire options at the current volatility level of 39.0%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
Purchasing Encore Wire 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" Encore calls. Remember, the seller must deliver Encore Wire stock to the call owner when a call is exercised.

Encore Wire Option Chain

When Encore Wire's strike price is surpassing the current stock price, the option contract against Encore Wire 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.
Encore Wire's option chain is a display of a range of information that helps investors for ways to trade options on Encore. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Encore. It also shows strike prices and maturity days for a Encore Wire 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
Call
2024-04-19 CALL at $110.00.99062.0E-402024-04-19151.5 - 155.50.0In
Call
2024-04-19 CALL at $115.00.99352.0E-402024-04-19146.2 - 150.50.0In
Call
2024-04-19 CALL at $120.00.99023.0E-402024-04-19141.5 - 145.50.0In
Call
2024-04-19 CALL at $125.00.99013.0E-402024-04-19136.5 - 140.50.0In
Call
2024-04-19 CALL at $130.00.99372.0E-402024-04-19131.2 - 135.50.0In
Call
2024-04-19 CALL at $135.00.99542.0E-402024-04-19126.1 - 130.50.0In
Call
2024-04-19 CALL at $140.00.9864.0E-402024-04-19121.5 - 125.80.0In
Call
2024-04-19 CALL at $145.00.98694.0E-402024-04-19116.5 - 120.70.0In
Call
2024-04-19 CALL at $150.00.97717.0E-402024-04-19112.0 - 116.00.0In
Call
2024-04-19 CALL at $155.00.98635.0E-402024-04-19106.2 - 111.00.0In
Call
2024-04-19 CALL at $160.00.98456.0E-402024-04-19101.3 - 106.00.0In
Call
2024-04-19 CALL at $165.00.97449.0E-402024-04-1997.0 - 101.00.0In
Call
2024-04-19 CALL at $170.00.97340.00102024-04-1992.0 - 96.00.0In
Call
2024-04-19 CALL at $175.00.97230.001102024-04-1987.0 - 91.00.0In
Call
2024-04-19 CALL at $180.00.97920.00102024-04-1981.5 - 86.00.0In
Call
2024-04-19 CALL at $185.00.97660.001112024-04-1976.6 - 81.040.15In
Call
2024-04-19 CALL at $190.00.97380.001302024-04-1971.7 - 76.00.0In
Call
2024-04-19 CALL at $195.00.96680.001602024-04-1967.0 - 71.048.0In
Call
2024-04-19 CALL at $200.00.97360.001622024-04-1961.6 - 66.031.58In
Call
2024-04-19 CALL at $210.00.96090.002402024-04-1952.0 - 56.037.55In
Call
2024-04-19 CALL at $220.00.93180.003982024-04-1942.5 - 46.528.55In
Call
2024-04-19 CALL at $230.00.89530.0061102024-04-1933.1 - 37.020.9In
Call
2024-04-19 CALL at $240.00.8320.0093492024-04-1924.7 - 27.420.86In
Call
2024-04-19 CALL at $250.00.730.01353442024-04-1916.9 - 18.716.5In
Call
2024-04-19 CALL at $260.00.57890.0168322024-04-1910.8 - 11.611.1In
Call
2024-04-19 CALL at $270.00.41350.016310542024-04-196.3 - 7.26.8Out
Call
2024-04-19 CALL at $280.00.27130.0137112024-04-193.7 - 4.02.9Out
Call
2024-04-19 CALL at $290.00.16660.010162024-04-191.85 - 2.652.1Out
Call
2024-04-19 CALL at $300.00.10970.007112024-04-191.0 - 1.71.5Out
Call
2024-04-19 CALL at $310.00.06830.004802024-04-190.5 - 1.10.0Out
Call
2024-04-19 CALL at $320.00.050.003402024-04-190.35 - 0.850.0Out
Call
2024-04-19 CALL at $330.00.04120.002702024-04-190.35 - 0.70.0Out
Call
2024-04-19 CALL at $340.00.0250.001802024-04-190.25 - 0.650.3Out
Call
2024-04-19 CALL at $350.00.01890.0013262024-04-190.15 - 0.350.23Out
 Put
2024-04-19 PUT at $185.0-0.01017.0E-4172024-04-190.05 - 0.252.35Out
 Put
2024-04-19 PUT at $195.0-0.01830.0011382024-04-190.2 - 0.350.3Out
 Put
2024-04-19 PUT at $200.0-0.01940.00134142024-04-190.15 - 0.30.27Out
 Put
2024-04-19 PUT at $210.0-0.02140.0017502024-04-190.15 - 0.350.25Out
 Put
2024-04-19 PUT at $220.0-0.03090.0027252024-04-190.1 - 0.551.5Out
 Put
2024-04-19 PUT at $230.0-0.07510.005592024-04-190.5 - 1.00.9Out
 Put
2024-04-19 PUT at $240.0-0.13640.0094162024-04-191.35 - 2.02.1Out
 Put
2024-04-19 PUT at $250.0-0.25830.0142142024-04-193.3 - 4.14.25Out
 Put
2024-04-19 PUT at $260.0-0.42310.017422024-04-197.0 - 7.78.4Out
 Put
2024-04-19 PUT at $270.0-0.59710.017102024-04-1912.4 - 13.40.0In
 Put
2024-04-19 PUT at $280.0-0.74150.013902024-04-1918.4 - 22.00.0In
 Put
2024-04-19 PUT at $290.0-0.8530.009902024-04-1926.5 - 30.50.0In
 Put
2024-04-19 PUT at $300.0-0.9680.003602024-04-1935.1 - 39.50.0In
 Put
2024-04-19 PUT at $310.0-0.85880.00602024-04-1945.0 - 49.30.0In
 Put
2024-04-19 PUT at $320.0-0.88720.004802024-04-1954.5 - 58.80.0In
 Put
2024-04-19 PUT at $330.0-0.90820.003902024-04-1964.5 - 68.50.0In
 Put
2024-04-19 PUT at $340.0-0.89640.003702024-04-1974.5 - 79.00.0In
 Put
2024-04-19 PUT at $350.0-0.91950.006402024-04-1984.5 - 88.50.0In
 Put
2024-04-19 PUT at $360.0-0.93360.002502024-04-1994.6 - 98.20.0In

Encore Wire 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   
       Timeline  

Encore Wire 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  

Encore Total Stockholder Equity

Total Stockholder Equity

1.83 Billion

At present, Encore Wire's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting.

Encore Wire Investors Sentiment

The influence of Encore Wire's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Encore. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Encore Wire's public news can be used to forecast risks associated with an investment in Encore. The trend in average sentiment can be used to explain how an investor holding Encore can time the market purely based on public headlines and social activities around Encore Wire. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Encore Wire's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Encore Wire's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Encore Wire's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Encore Wire.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Encore Wire in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Encore Wire's short interest history, or implied volatility extrapolated from Encore Wire options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Encore Wire is a strong investment it is important to analyze Encore Wire's 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 Encore Wire's future performance. For an informed investment choice regarding Encore Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. 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.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Complementary Tools for Encore Stock analysis

When running Encore Wire's price analysis, check to measure Encore Wire'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 Encore Wire is operating at the current time. Most of Encore Wire's value examination focuses on studying past and present price action to predict the probability of Encore Wire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Encore Wire's price. Additionally, you may evaluate how the addition of Encore Wire to your portfolios can decrease your overall portfolio volatility.
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Is Encore Wire'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 Encore Wire. If investors know Encore 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 Encore Wire 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
(0.50)
Dividend Share
0.08
Earnings Share
21.62
Revenue Per Share
152.179
Quarterly Revenue Growth
(0.09)
The market value of Encore Wire is measured differently than its book value, which is the value of Encore that is recorded on the company's balance sheet. Investors also form their own opinion of Encore Wire's value that differs from its market value or its book value, called intrinsic value, which is Encore Wire'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 Encore Wire's market value can be influenced by many factors that don't directly affect Encore Wire'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 Encore Wire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Encore Wire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Encore Wire'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.