2024-05-17 PUT at $3.0 Option on Exela Technologies
| XELA Stock | USD 2.59 0.48 22.75% |
2024-05-17 PUT at $3.0 is a PUT option contract on Exela Technologies' common stock with a strick price of 3.0 expiring on 2024-05-17. The contract was last traded on 2024-05-06 at 14:27:20 for $0.5 and, as of today, has 10 days remaining before the expiration. The option is currently trading at a bid price of $0.4, and an ask price of $0.85. The implied volatility as of the 7th of May is 133.35.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Exela Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Exela Stock refer to our How to Trade Exela Stock guide.
Exela |
A put option written on Exela Technologies becomes more valuable as the price of Exela Technologies drops. Conversely, Exela Technologies' put option loses its value as Exela Stock rises. When exercised, put options on Exela Technologies produce a short position in Exela Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Exela Technologies' downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that Exela Technologies will have an average daily up or down price movement of about 8.33% per day over the life of the option. With Exela Technologies trading at USD 2.59, that is roughly USD 0.22. If you think that the market is fully understating Exela Technologies' daily price movement you should consider buying Exela Technologies options at that current volatility level of 133.35%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Put Option on Exela Technologies
An 'In The Money' option is one with a strike price that the current stock price has already surpassed. Some options investors can hedge their Exela Technologies positions using in-the-money options. They may also want to buy options with some intrinsic value, not just time value. However, because in-the-money options on Exela Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
| Put Contract Name | 2024-05-17 PUT at $3.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 10 |
| Last Traded On | 2024-05-06 14:27:20 |
| Contract Period | MONTHLY |
| Open Interest | 13 |
| Current Trading Volume | 95.0 |
| Strike Price | 3.0 |
| Last Traded At | 0.5 |
| Current Price Spread | 0.4 | 0.85 |
| Rule 16 Daily Up or Down | USD0.22 |
Exela short PUT Option Greeks
Exela Technologies' Option Greeks for the contract ending on 2024-05-17 at a strike price of 3.0 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 Exela Technologies' option greeks, its implied volatility helps estimate the risk of Exela Technologies stock implied by the prices of the options on Exela Technologies' stock.
| Delta | -0.7096 | |
| Gamma | 0.6012 | |
| Theta | -0.0095 | |
| Vega | 0.0015 | |
| Rho | -5.0E-4 |
Exela long PUT Option Payoff at expiration
Put options written on Exela Technologies grant holders of the option the right to sell a specified amount of Exela Technologies 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 Exela Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Exela Technologies is like buying insurance aginst Exela Technologies' downside shift.
Profit |
| Exela Technologies Price At Expiration |
Exela short PUT Option Payoff at expiration
By selling Exela Technologies' put option, the investors signal their bearish sentiment. A short position in a put option written on Exela Technologies will generally make money when the underlying price is above the strike price. Therefore Exela Technologies' put payoff at expiration depends on where the Exela Stock price is relative to the put option strike price. The breakeven price of 2.5 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 Exela Technologies' price. Finally, at the strike price of 3.0, the payoff chart is constant and positive.
Profit |
| Exela Technologies Price At Expiration |
Exela Technologies Available Put Options
Exela Technologies' option chain is a display of a range of information that helps investors for ways to trade options on Exela. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Exela. It also shows strike prices and maturity days for a Exela Technologies 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 $1.0 | -0.0472 | 0.0522 | 9 | 2024-05-17 | 0.0 - 0.05 | 0.05 | Out |
Put | 2024-05-17 PUT at $2.0 | -0.1763 | 0.2919 | 26 | 2024-05-17 | 0.05 - 0.15 | 0.1 | Out |
Put | 2024-05-17 PUT at $3.0 | -0.7096 | 0.6012 | 13 | 2024-05-17 | 0.4 - 0.85 | 0.5 | In |
Put | 2024-05-17 PUT at $4.0 | -0.4804 | 0.1568 | 0 | 2024-05-17 | 0.7 - 3.4 | 0.0 | In |
Put | 2024-05-17 PUT at $5.0 | -0.5082 | 0.1369 | 0 | 2024-05-17 | 1.6 - 4.5 | 0.0 | In |
Put | 2024-05-17 PUT at $6.0 | -0.4863 | 0.1158 | 0 | 2024-05-17 | 2.6 - 5.7 | 0.0 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Exela Technologies 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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Exela Technologies Corporate Management
Elected by the shareholders, the Exela Technologies' board of directors comprises two types of representatives: Exela Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Exela. The board's role is to monitor Exela Technologies' management team and ensure that shareholders' interests are well served. Exela Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Exela Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Matthew Brown | Interim ETIMNA | Profile | |
| Jean Xie | Exec Asia | Profile | |
| Vincent Kondaveeti | Vice Development | Profile | |
| Erik Mengwall | Deputy Secretary | Profile |
Already Invested in Exela Technologies?
The danger of trading Exela Technologies 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 Exela Technologies 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 Exela Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Exela Technologies 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 Exela Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Exela Technologies' 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 Exela Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Exela Technologies Stock: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Exela Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Exela Stock refer to our How to Trade Exela Stock guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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When running Exela Technologies' price analysis, check to measure Exela Technologies' 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 Exela Technologies is operating at the current time. Most of Exela Technologies' value examination focuses on studying past and present price action to predict the probability of Exela Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Exela Technologies' price. Additionally, you may evaluate how the addition of Exela Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Exela Technologies' 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 Exela Technologies. If investors know Exela 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 Exela Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (22.37) | Revenue Per Share 177.843 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0021 |
The market value of Exela Technologies is measured differently than its book value, which is the value of Exela that is recorded on the company's balance sheet. Investors also form their own opinion of Exela Technologies' value that differs from its market value or its book value, called intrinsic value, which is Exela Technologies' 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 Exela Technologies' market value can be influenced by many factors that don't directly affect Exela Technologies' 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 Exela Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Exela Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Exela Technologies' 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.