WMS221216P00100000 Option on Advanced Drainage Systems

WMS Stock  USD 172.24  0.80  0.47%   
Advanced Drainage's option chain provides insight into all available option contracts written on Advanced Drainage's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Advanced Drainage'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 Advanced option contract.

In The Money vs. Out of Money Option Contracts on Advanced Drainage

Analyzing Advanced Drainage's in-the-money options over time can help investors to take a profitable long position in Advanced Drainage regardless of its overall volatility. This is especially true when Advanced Drainage's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Advanced Drainage's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Advanced Drainage's stock while costing only a fraction of its price.
Advanced Drainage's latest option contracts expiring on 2024-04-19 are carrying combined implied volatility of 27.18 with a put-to-call open interest ratio of 0.44 over 56 outstanding agreements suggesting investors are buying more calls than puts on contracts expiring on 2024-04-19. The current put volume is at 89, with calls trading at the volume of 15. This yields a 5.93 put-to-call volume ratio. The Advanced Drainage option chain provides detailed quote and price information for the current Advanced Drainage Systems option contracts. It shows all of Advanced Drainage's listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2024-04-19 Option Contracts

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

Advanced Drainage 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 Advanced Drainage 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.
Advanced Drainage's stock options are financial instruments that give investors the right to buy or sell shares of Advanced Drainage Systems common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Advanced stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Advanced Drainage'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 Advanced Drainage Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Please note that buying 'in-the-money' options on Advanced Drainage lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Advanced Drainage'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 Advanced Drainage 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 Advanced Stock moves the wrong way.
At this time, Advanced Drainage's Other Stockholder Equity is comparatively stable compared to the past year. Capital Stock is likely to gain to about 191.9 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 615.5 M in 2024.

Advanced Drainage Systems In The Money Call Balance

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

Advanced Current Options Market Mood

Advanced Drainage'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 Advanced 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 Advanced Drainage'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. Advanced Drainage'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 Advanced Drainage'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 Advanced contract

Base on the Rule 16, the options market is currently suggesting that Advanced Drainage Systems will have an average daily up or down price movement of about 1.7% per day over the life of the 2024-04-19 option contract. With Advanced Drainage trading at USD 172.24, that is roughly USD 2.93. If you think that the market is fully incorporating Advanced Drainage's daily price movement you should consider buying Advanced Drainage Systems options at the current volatility level of 27.18%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
Purchasing Advanced Drainage 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" Advanced calls. Remember, the seller must deliver Advanced Drainage Systems stock to the call owner when a call is exercised.

Advanced Drainage Option Chain

When Advanced Drainage's strike price is surpassing the current stock price, the option contract against Advanced Drainage Systems 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.
Advanced Drainage's option chain is a display of a range of information that helps investors for ways to trade options on Advanced. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Advanced. It also shows strike prices and maturity days for a Advanced Drainage 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 $85.00.94990.001202024-04-1984.2 - 88.90.0In
Call
2024-04-19 CALL at $90.00.9963.0E-402024-04-1979.5 - 84.00.0In
Call
2024-04-19 CALL at $95.00.9410.001502024-04-1974.4 - 79.00.0In
Call
2024-04-19 CALL at $100.00.98897.0E-402024-04-1969.5 - 74.30.0In
Call
2024-04-19 CALL at $105.00.98887.0E-402024-04-1964.5 - 69.30.0In
Call
2024-04-19 CALL at $110.00.98888.0E-402024-04-1959.5 - 64.30.0In
Call
2024-04-19 CALL at $115.00.98889.0E-402024-04-1954.5 - 59.30.0In
Call
2024-04-19 CALL at $120.00.98540.001202024-04-1949.5 - 54.40.0In
Call
2024-04-19 CALL at $125.00.9947.0E-402024-04-1944.5 - 49.20.0In
Call
2024-04-19 CALL at $130.00.98480.001712024-04-1939.5 - 44.431.8In
Call
2024-04-19 CALL at $135.00.97120.002902024-04-1934.7 - 39.50.0In
Call
2024-04-19 CALL at $140.00.96450.003902024-04-1929.8 - 34.50.0In
Call
2024-04-19 CALL at $145.00.9560.005302024-04-1924.9 - 29.50.0In
Call
2024-04-19 CALL at $150.00.95010.00712024-04-1920.0 - 24.417.5In
Call
2024-04-19 CALL at $155.00.92950.010972024-04-1915.0 - 19.612.9In
Call
2024-04-19 CALL at $160.00.85070.0189162024-04-1911.9 - 13.915.3In
Call
2024-04-19 CALL at $165.00.73620.02764212024-04-198.4 - 9.88.9In
Call
2024-04-19 CALL at $170.00.57860.03261682024-04-195.4 - 5.95.8In
Call
2024-04-19 CALL at $175.00.4080.03431852024-04-193.1 - 3.43.2Out
Call
2024-04-19 CALL at $180.00.26310.02781442024-04-191.65 - 1.851.81Out
Call
2024-04-19 CALL at $185.00.16490.02512024-04-190.8 - 1.051.05Out
Call
2024-04-19 CALL at $190.00.08670.0129152024-04-190.3 - 0.650.5Out
 Put
2024-04-19 PUT at $145.0-0.04790.0055402024-04-190.2 - 0.550.45Out
 Put
2024-04-19 PUT at $150.0-0.04510.0067322024-04-190.1 - 0.50.27Out
 Put
2024-04-19 PUT at $155.0-0.09110.0121042024-04-190.4 - 0.80.75Out
 Put
2024-04-19 PUT at $160.0-0.14640.019292024-04-190.8 - 1.10.94Out
 Put
2024-04-19 PUT at $165.0-0.26190.02821352024-04-191.85 - 2.051.9Out
 Put
2024-04-19 PUT at $170.0-0.42210.03491192024-04-193.4 - 3.84.0Out
 Put
2024-04-19 PUT at $175.0-0.5990.034602024-04-196.1 - 6.50.0In
 Put
2024-04-19 PUT at $180.0-0.74660.027812024-04-198.7 - 11.28.5In
 Put
2024-04-19 PUT at $185.0-0.83690.039802024-04-1912.8 - 15.90.0In
 Put
2024-04-19 PUT at $190.0-0.92060.012102024-04-1916.6 - 21.00.0In
 Put
2024-04-19 PUT at $195.0-0.80940.011802024-04-1921.5 - 25.50.0In
 Put
2024-04-19 PUT at $200.0-0.81260.0102024-04-1926.0 - 30.80.0In
 Put
2024-04-19 PUT at $210.0-0.83510.007702024-04-1936.0 - 40.80.0In
 Put
2024-04-19 PUT at $220.0-0.84720.006302024-04-1946.0 - 50.90.0In
 Put
2024-04-19 PUT at $230.0-0.85870.005402024-04-1956.0 - 60.90.0In
 Put
2024-04-19 PUT at $240.0-0.87110.004702024-04-1966.0 - 70.80.0In

Advanced Drainage 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  

Advanced Drainage 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  

Advanced Total Stockholder Equity

Total Stockholder Equity

615.47 Million

At this time, Advanced Drainage's Total Stockholder Equity is comparatively stable compared to the past year.

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When determining whether Advanced Drainage Systems is a strong investment it is important to analyze Advanced Drainage'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 Advanced Drainage's future performance. For an informed investment choice regarding Advanced 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 Advanced Drainage Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

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Is Advanced Drainage'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 Advanced Drainage. If investors know Advanced 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 Advanced Drainage 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
0.354
Dividend Share
0.54
Earnings Share
6.29
Revenue Per Share
35.932
Quarterly Revenue Growth
0.011
The market value of Advanced Drainage Systems is measured differently than its book value, which is the value of Advanced that is recorded on the company's balance sheet. Investors also form their own opinion of Advanced Drainage's value that differs from its market value or its book value, called intrinsic value, which is Advanced Drainage'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 Advanced Drainage's market value can be influenced by many factors that don't directly affect Advanced Drainage'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 Advanced Drainage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Advanced Drainage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advanced Drainage'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.