2024-05-17 PUT at $140.0 Option on Dycom Industries
| DY Stock | USD 144.03 3.90 2.78% |
2024-05-17 PUT at $140.0 is a PUT option contract on Dycom Industries' common stock with a strick price of 140.0 expiring on 2024-05-17. The contract was last traded on 2024-04-26 at 15:45:39 for $2.51 and, as of today, has 13 days remaining before the expiration. The option is currently trading at a bid price of $1.2, and an ask price of $2.5. The implied volatility as of the 4th of May is 33.59.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dycom Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy Dycom Stock please use our How to Invest in Dycom Industries guide.
Dycom |
A put option written on Dycom Industries becomes more valuable as the price of Dycom Industries drops. Conversely, Dycom Industries' put option loses its value as Dycom Stock rises. When exercised, put options on Dycom Industries produce a short position in Dycom Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Dycom Industries' downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that Dycom Industries will have an average daily up or down price movement of about 2.1% per day over the life of the option. With Dycom Industries trading at USD 144.03, that is roughly USD 3.02. If you think that the market is fully understating Dycom Industries' daily price movement you should consider buying Dycom Industries options at that current volatility level of 33.59%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on Dycom Industries
An 'Out of The Money' option on Dycom has a strike price that Dycom 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 Dycom Industries' 'Out of The Money' options include buying the options if you expect a big move in Dycom Industries' 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 $140.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 13 |
| Last Traded On | 2024-04-26 15:45:39 |
| Contract Period | MONTHLY |
| Open Interest | 116 |
| Current Trading Volume | 0.0 |
| Strike Price | 140.0 |
| Last Traded At | 2.51 |
| Current Price Spread | 1.2 | 2.5 |
| Rule 16 Daily Up or Down | USD3.02 |
Dycom short PUT Option Greeks
Dycom Industries' Option Greeks for the contract ending on 2024-05-17 at a strike price of 140.0 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 Dycom Industries' option greeks, its implied volatility helps estimate the risk of Dycom Industries stock implied by the prices of the options on Dycom Industries' stock.
| Delta | -0.3069 | |
| Gamma | 0.0386 | |
| Theta | -0.1173 | |
| Vega | 0.0954 | |
| Rho | -0.0145 |
Dycom long PUT Option Payoff at expiration
Put options written on Dycom Industries grant holders of the option the right to sell a specified amount of Dycom Industries 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 Dycom Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Dycom Industries is like buying insurance aginst Dycom Industries' downside shift.
Profit |
| Dycom Industries Price At Expiration |
Dycom short PUT Option Payoff at expiration
By selling Dycom Industries' put option, the investors signal their bearish sentiment. A short position in a put option written on Dycom Industries will generally make money when the underlying price is above the strike price. Therefore Dycom Industries' put payoff at expiration depends on where the Dycom Stock price is relative to the put option strike price. The breakeven price of 138.15 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 Dycom Industries' price. Finally, at the strike price of 140.0, the payoff chart is constant and positive.
Profit |
| Dycom Industries Price At Expiration |
Dycom Industries Available Put Options
Dycom Industries' option chain is a display of a range of information that helps investors for ways to trade options on Dycom. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Dycom. It also shows strike prices and maturity days for a Dycom Industries 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 $130.0 | -0.0656 | 0.0125 | 10 | 2024-05-17 | 0.2 - 0.4 | 1.3 | Out |
Put | 2024-05-17 PUT at $135.0 | -0.1258 | 0.0242 | 7 | 2024-05-17 | 0.45 - 0.65 | 1.16 | Out |
Put | 2024-05-17 PUT at $140.0 | -0.3069 | 0.0386 | 116 | 2024-05-17 | 1.2 - 2.5 | 2.51 | Out |
Put | 2024-05-17 PUT at $145.0 | -0.5183 | 0.0414 | 0 | 2024-05-17 | 3.0 - 5.5 | 2.7 | In |
Put | 2024-05-17 PUT at $150.0 | -0.7863 | 0.0418 | 0 | 2024-05-17 | 6.2 - 7.1 | 0.0 | In |
Put | 2024-05-17 PUT at $155.0 | -0.9047 | 0.0216 | 0 | 2024-05-17 | 9.7 - 12.7 | 0.0 | In |
Put | 2024-05-17 PUT at $160.0 | -0.803 | 0.0169 | 0 | 2024-05-17 | 13.5 - 17.5 | 0.0 | In |
Put | 2024-05-17 PUT at $165.0 | -0.8144 | 0.0133 | 0 | 2024-05-17 | 18.5 - 22.7 | 0.0 | In |
Put | 2024-05-17 PUT at $170.0 | -0.7996 | 0.011 | 0 | 2024-05-17 | 23.5 - 28.4 | 0.0 | In |
Put | 2024-05-17 PUT at $175.0 | -0.83 | 0.0095 | 0 | 2024-05-17 | 28.5 - 33.0 | 0.0 | In |
Put | 2024-05-17 PUT at $180.0 | -0.9734 | 0.0201 | 0 | 2024-05-17 | 33.6 - 38.5 | 0.0 | In |
Put | 2024-05-17 PUT at $185.0 | -0.8338 | 0.0076 | 0 | 2024-05-17 | 38.5 - 43.4 | 0.0 | In |
Put | 2024-05-17 PUT at $190.0 | -0.9769 | 0.0028 | 0 | 2024-05-17 | 43.6 - 48.5 | 0.0 | In |
Put | 2024-05-17 PUT at $195.0 | -0.8516 | 0.0063 | 0 | 2024-05-17 | 48.5 - 53.3 | 0.0 | In |
Put | 2024-05-17 PUT at $200.0 | -0.8647 | 0.0057 | 0 | 2024-05-17 | 53.5 - 58.1 | 0.0 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dycom Industries 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?
Run Pattern Recognition Now
Pattern RecognitionUse different Pattern Recognition models to time the market across multiple global exchanges |
| All Next | Launch Module |
Dycom Industries Corporate Directors
Dycom Industries corporate directors refer to members of a Dycom Industries board of directors. The board of directors generally takes responsibility for the Dycom Industries' 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 Dycom Industries' board members must vote for the resolution. The Dycom Industries board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Dwight Duke | Independent Director | Profile | |
| Laurie Thomsen | Independent Director | Profile | |
| Eitan Gertelas | Independent Director | Profile | |
| Charles Coe | Independent Director | Profile |
Already Invested in Dycom Industries?
The danger of trading Dycom Industries 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 Dycom Industries 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 Dycom Industries. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Dycom Industries 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 Dycom Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dycom Industries' 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 Dycom Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Dycom Industries Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dycom Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy Dycom Stock please use our How to Invest in Dycom Industries guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Dycom Stock analysis
When running Dycom Industries' price analysis, check to measure Dycom Industries' 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 Dycom Industries is operating at the current time. Most of Dycom Industries' value examination focuses on studying past and present price action to predict the probability of Dycom Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dycom Industries' price. Additionally, you may evaluate how the addition of Dycom Industries to your portfolios can decrease your overall portfolio volatility.
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |
Is Dycom Industries' 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 Dycom Industries. If investors know Dycom 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 Dycom Industries 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 (0.05) | Earnings Share 7.37 | Revenue Per Share 142.35 | Quarterly Revenue Growth 0.038 | Return On Assets 0.0836 |
The market value of Dycom Industries is measured differently than its book value, which is the value of Dycom that is recorded on the company's balance sheet. Investors also form their own opinion of Dycom Industries' value that differs from its market value or its book value, called intrinsic value, which is Dycom Industries' 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 Dycom Industries' market value can be influenced by many factors that don't directly affect Dycom Industries' 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 Dycom Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dycom Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dycom Industries' 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.