2024-05-17 PUT at $55.0 Option on Axos Financial
| AX Stock | USD 57.53 0.24 0.42% |
2024-05-17 PUT at $55.0 is a PUT option contract on Axos Financial's common stock with a strick price of 55.0 expiring on 2024-05-17. The contract was last traded on 2024-05-03 at 15:36:26 for $0.5 and, as of today, has 12 days remaining before the expiration. The option is currently trading at a bid price of $0.4, and an ask price of $0.55. The implied volatility as of the 5th of May is 34.27.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axos Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Axos Stock please use our How to Invest in Axos Financial guide.
Axos |
A put option written on Axos Financial becomes more valuable as the price of Axos Financial drops. Conversely, Axos Financial's put option loses its value as Axos Stock rises. When exercised, put options on Axos Financial produce a short position in Axos Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Axos Financial's downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that Axos Financial will have an average daily up or down price movement of about 2.14% per day over the life of the option. With Axos Financial trading at USD 57.53, that is roughly USD 1.23. If you think that the market is fully understating Axos Financial's daily price movement you should consider buying Axos Financial options at that current volatility level of 34.27%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on Axos Financial
An 'Out of The Money' option on Axos has a strike price that Axos 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 Axos Financial's 'Out of The Money' options include buying the options if you expect a big move in Axos Financial'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 $55.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 12 |
| Last Traded On | 2024-05-03 15:36:26 |
| Contract Period | MONTHLY |
| Open Interest | 34 |
| Current Trading Volume | 26.0 |
| Strike Price | 55.0 |
| Last Traded At | 0.5 |
| Current Price Spread | 0.4 | 0.55 |
| Rule 16 Daily Up or Down | USD1.23 |
Axos short PUT Option Greeks
Axos Financial's Option Greeks for the contract ending on 2024-05-17 at a strike price of 55.0 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 Axos Financial's option greeks, its implied volatility helps estimate the risk of Axos Financial stock implied by the prices of the options on Axos Financial's stock.
| Delta | -0.2256 | |
| Gamma | 0.0809 | |
| Theta | -0.0412 | |
| Vega | 0.0326 | |
| Rho | -0.0043 |
Axos long PUT Option Payoff at expiration
Put options written on Axos Financial grant holders of the option the right to sell a specified amount of Axos Financial 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 Axos Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Axos Financial is like buying insurance aginst Axos Financial's downside shift.
Profit |
| Axos Financial Price At Expiration |
Axos short PUT Option Payoff at expiration
By selling Axos Financial's put option, the investors signal their bearish sentiment. A short position in a put option written on Axos Financial will generally make money when the underlying price is above the strike price. Therefore Axos Financial's put payoff at expiration depends on where the Axos Stock price is relative to the put option strike price. The breakeven price of 54.5 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 Axos Financial's price. Finally, at the strike price of 55.0, the payoff chart is constant and positive.
Profit |
| Axos Financial Price At Expiration |
Axos Financial Available Put Options
Axos Financial's option chain is a display of a range of information that helps investors for ways to trade options on Axos. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Axos. It also shows strike prices and maturity days for a Axos Financial 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 $50.0 | -0.0613 | 0.0222 | 819 | 2024-05-17 | 0.05 - 0.25 | 0.15 | Out |
Put | 2024-05-17 PUT at $52.5 | -0.097 | 0.0404 | 425 | 2024-05-17 | 0.1 - 0.25 | 0.2 | Out |
Put | 2024-05-17 PUT at $55.0 | -0.2256 | 0.0809 | 34 | 2024-05-17 | 0.4 - 0.55 | 0.5 | Out |
Put | 2024-05-17 PUT at $57.5 | -0.475 | 0.1131 | 61 | 2024-05-17 | 1.2 - 1.4 | 1.35 | Out |
Put | 2024-05-17 PUT at $60.0 | -0.7095 | 0.0859 | 1 | 2024-05-17 | 1.75 - 3.1 | 4.7 | In |
Put | 2024-05-17 PUT at $62.5 | -0.7327 | 0.0479 | 0 | 2024-05-17 | 4.8 - 7.1 | 0.0 | In |
Put | 2024-05-17 PUT at $65.0 | -0.7556 | 0.0364 | 0 | 2024-05-17 | 5.7 - 8.6 | 0.0 | In |
Put | 2024-05-17 PUT at $70.0 | -0.8962 | 0.0215 | 0 | 2024-05-17 | 11.2 - 14.4 | 0.0 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Axos Financial 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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Axos Financial Corporate Directors
Axos Financial corporate directors refer to members of an Axos Financial board of directors. The board of directors generally takes responsibility for the Axos Financial's 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 Axos Financial's board members must vote for the resolution. The Axos Financial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| James Argalas | Independent Director | Profile | |
| Edward Ratinoff | Independent Director | Profile | |
| Uzair Dada | Independent Director | Profile | |
| James Black | Independent Director | Profile |
Already Invested in Axos Financial?
The danger of trading Axos Financial 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 Axos Financial 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 Axos Financial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Axos Financial 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 Axos Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Axos Financial'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 Axos Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Axos Financial Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axos Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Axos Stock please use our How to Invest in Axos Financial guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Axos Stock analysis
When running Axos Financial's price analysis, check to measure Axos Financial'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 Axos Financial is operating at the current time. Most of Axos Financial's value examination focuses on studying past and present price action to predict the probability of Axos Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axos Financial's price. Additionally, you may evaluate how the addition of Axos Financial to your portfolios can decrease your overall portfolio volatility.
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Is Axos Financial'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 Axos Financial. If investors know Axos 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 Axos Financial 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 0.447 | Earnings Share 7.32 | Revenue Per Share 17.291 | Quarterly Revenue Growth 0.279 | Return On Assets 0.0204 |
The market value of Axos Financial is measured differently than its book value, which is the value of Axos that is recorded on the company's balance sheet. Investors also form their own opinion of Axos Financial's value that differs from its market value or its book value, called intrinsic value, which is Axos Financial'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 Axos Financial's market value can be influenced by many factors that don't directly affect Axos Financial'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 Axos Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axos Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axos Financial'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.