2024-05-17 PUT at $4.0 Option on LL Flooring Holdings
| LL Stock | USD 1.66 0.01 0.61% |
2024-05-17 PUT at $4.0 is a PUT option contract on LL Flooring's common stock with a strick price of 4.0 expiring on 2024-05-17. The contract was last traded on 2024-02-08 at 13:20:53 for $1.55 and, as of today, has 12 days remaining before the expiration. The option is currently trading at a bid price of $2.25, and an ask price of $2.5. The implied volatility as of the 5th of May is 305.25.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LL Flooring Holdings. 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.
LL Flooring |
A put option written on LL Flooring becomes more valuable as the price of LL Flooring drops. Conversely, LL Flooring's put option loses its value as LL Flooring Stock rises. When exercised, put options on LL Flooring produce a short position in LL Flooring Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on LL Flooring's downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that LL Flooring Holdings will have an average daily up or down price movement of about 19.08% per day over the life of the option. With LL Flooring trading at USD 1.66, that is roughly USD 0.32. If you think that the market is fully understating LL Flooring's daily price movement you should consider buying LL Flooring Holdings options at that current volatility level of 305.25%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Put Option on LL Flooring
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 LL Flooring 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 LL Flooring 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 $4.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 12 |
| Last Traded On | 2024-02-08 13:20:53 |
| Contract Period | MONTHLY |
| Open Interest | 2 |
| Current Trading Volume | 0.0 |
| Strike Price | 4.0 |
| Last Traded At | 1.55 |
| Current Price Spread | 2.25 | 2.5 |
| Rule 16 Daily Up or Down | USD0.32 |
LL Flooring short PUT Option Greeks
LL Flooring's Option Greeks for the contract ending on 2024-05-17 at a strike price of 4.0 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 LL Flooring's option greeks, its implied volatility helps estimate the risk of LL Flooring stock implied by the prices of the options on LL Flooring's stock.
| Delta | -0.8939 | |
| Gamma | 0.1938 | |
| Theta | -0.0064 | |
| Vega | 6.0E-4 | |
| Rho | -8.0E-4 |
LL Flooring long PUT Option Payoff at expiration
Put options written on LL Flooring grant holders of the option the right to sell a specified amount of LL Flooring 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 LL Flooring Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on LL Flooring is like buying insurance aginst LL Flooring's downside shift.
Profit |
| LL Flooring Price At Expiration |
LL Flooring short PUT Option Payoff at expiration
By selling LL Flooring's put option, the investors signal their bearish sentiment. A short position in a put option written on LL Flooring will generally make money when the underlying price is above the strike price. Therefore LL Flooring's put payoff at expiration depends on where the LL Flooring Stock price is relative to the put option strike price. The breakeven price of 1.62 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 LL Flooring's price. Finally, at the strike price of 4.0, the payoff chart is constant and positive.
Profit |
| LL Flooring Price At Expiration |
LL Flooring Holdings Available Put Options
LL Flooring's option chain is a display of a range of information that helps investors for ways to trade options on LL Flooring. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for LL Flooring. It also shows strike prices and maturity days for a LL Flooring 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 $2.0 | -0.7264 | 0.7913 | 10 | 2024-05-17 | 0.3 - 0.5 | 0.41 | In |
Put | 2024-05-17 PUT at $3.0 | -0.8246 | 0.3123 | 55 | 2024-05-17 | 1.2 - 1.4 | 1.25 | In |
Put | 2024-05-17 PUT at $4.0 | -0.8939 | 0.1938 | 2 | 2024-05-17 | 2.25 - 2.5 | 1.55 | In |
Put | 2024-05-17 PUT at $5.0 | -0.8627 | 0.1769 | 1 | 2024-05-17 | 3.2 - 3.4 | 1.6 | In |
Put | 2024-05-17 PUT at $6.0 | -0.8699 | 0.1539 | 0 | 2024-05-17 | 3.6 - 5.2 | 0.0 | In |
Put | 2024-05-17 PUT at $7.0 | -0.9613 | 0.0747 | 0 | 2024-05-17 | 5.2 - 5.5 | 0.0 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in LL Flooring 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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| All Next | Launch Module |
LL Flooring Corporate Directors
LL Flooring corporate directors refer to members of a LL Flooring board of directors. The board of directors generally takes responsibility for the LL Flooring'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 LL Flooring's board members must vote for the resolution. The LL Flooring board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Douglas Moore | Independent Director | Profile | |
| Famous Rhodes | Independent Director | Profile | |
| Ashish Parmar | Independent Director | Profile | |
| Jimmie Wade | Independent Director | Profile |
Already Invested in LL Flooring Holdings?
The danger of trading LL Flooring Holdings 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 LL Flooring 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 LL Flooring. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile LL Flooring Holdings 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 LL Flooring Holdings is a strong investment it is important to analyze LL Flooring'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 LL Flooring's future performance. For an informed investment choice regarding LL Flooring Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LL Flooring Holdings. 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. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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When running LL Flooring's price analysis, check to measure LL Flooring'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 LL Flooring is operating at the current time. Most of LL Flooring's value examination focuses on studying past and present price action to predict the probability of LL Flooring's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LL Flooring's price. Additionally, you may evaluate how the addition of LL Flooring to your portfolios can decrease your overall portfolio volatility.
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Is LL Flooring'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 LL Flooring. If investors know LL Flooring 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 LL Flooring 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 (0.78) | Earnings Share (3.59) | Revenue Per Share 31.408 | Quarterly Revenue Growth (0.20) | Return On Assets (0.09) |
The market value of LL Flooring Holdings is measured differently than its book value, which is the value of LL Flooring that is recorded on the company's balance sheet. Investors also form their own opinion of LL Flooring's value that differs from its market value or its book value, called intrinsic value, which is LL Flooring'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 LL Flooring's market value can be influenced by many factors that don't directly affect LL Flooring'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 LL Flooring's value and its price as these two are different measures arrived at by different means. Investors typically determine if LL Flooring is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LL Flooring'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.