2024-09-27 CALL at $2.0 Option on Opendoor Technologies

OPEN Stock  USD 2.08  0.11  5.02%   
2024-09-27 CALL at $2.0 is a CALL option contract on Opendoor Technologies' common stock with a strick price of 2.0 expiring on 2024-09-27. The contract was last traded on 2024-09-20 at 15:59:18 for $0.16 and, as of today, has 4 days remaining before the expiration. The option is currently trading at a bid price of $0.15, and an ask price of $0.18. The implied volatility as of the 23rd of September is 101.69.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Opendoor Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Opendoor Stock, please use our How to Invest in Opendoor Technologies guide.
Call options on Opendoor Technologies give the investor right to buy Opendoor Stock at a specified price within a specific period. The strike price represents the predetermined price at which a call buyer can buy Opendoor Stock. Call options may be purchased for speculation or sold for income purposes, or simply combined for various spread or combination strategies. If Opendoor Technologies' price is above the strike price at expiry, the profit is the current Opendoor Technologies' stock price, minus the strike price and the premium.

Rule 16 of 2024-09-27 Option Contract

The options market is anticipating that Opendoor Technologies will have an average daily up or down price movement of about 6.36% per day over the life of the option. With Opendoor Technologies trading at USD 2.08, that is roughly USD 0.13. If you think that the market is fully understating Opendoor Technologies' daily price movement you should consider buying Opendoor Technologies options at that current volatility level of 101.69%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

In The Money Call Option on Opendoor 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 Opendoor 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 Opendoor Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
Call Contract Name2024-09-27 CALL at $2.0
Expires On2024-09-27
Days Before Expriration4
Last Traded On2024-09-20 15:59:18
Contract PeriodWEEKLY
Open Interest1928
Current Trading Volume1174.0
Strike Price2.0
Last Traded At0.16
Current Price Spread0.15 | 0.18
Rule 16 Daily Up or DownUSD0.13

Opendoor short CALL Option Greeks

Opendoor Technologies' Option Greeks for the contract ending on 2024-09-27 at a strike price of 2.0 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 Opendoor Technologies' option greeks, its implied volatility helps estimate the risk of Opendoor Technologies stock implied by the prices of the options on Opendoor Technologies' stock.
Delta0.6389
Gamma1.2787
Theta-0.008
Vega0.0011
Rho2.0E-4

Opendoor long CALL Option Payoff at expiration

Buying Opendoor Technologies' call option is the simplest of option trades. A call option on Opendoor Stock gives investors the right (but not the obligation) to purchase Opendoor Technologies at the given strike price. Therefore Opendoor Technologies' call intrinsic value or payoff at expiration depends on where the Opendoor Stock price is relative to the call option strike price. The strike price of 2.0 is the critical point that divides the payoff function into two parts. Below the strike, the payoff chart is constant and negative (the trade is a loss). Above the strike, the payoff line is upward sloping as the option payoff rises in proportion with Opendoor Technologies' price. Finally, at the break-even point of 2.16, the line crosses zero, and trading Opendoor becomes profitable.
   Profit   
       Opendoor Technologies Price At Expiration  

Opendoor short CALL Option Payoff at expiration

By selling Opendoor Technologies' call option, the investors signals his or her bearish sentiment. A short position in a call option written on Opendoor Technologies will generally make money when the underlying price goes down. Therefore Opendoor Technologies' call intrinsic value or payoff at expiration depends on where the Opendoor Stock price is relative to the call option strike price. The strike price of 2.0 is the critical point that divides the payoff function into two parts. Below the strike, the payoff chart is constant and positive (the seller makes a profit). Above the strike, the payoff line is downward sloping as the option payoff drops in proportion to Opendoor Technologies' price. Finally, at the break-even point of 2.16, the line crosses zero, and trading Opendoor becomes disadvantageous with no downside limits.
   Profit   
       Opendoor Technologies Price At Expiration  
View All Opendoor Technologies Options

Opendoor Technologies Available Call Options

Opendoor Technologies' option chain is a display of a range of information that helps investors for ways to trade options on Opendoor. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Opendoor. It also shows strike prices and maturity days for a Opendoor 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.
DeltaGammaOpen IntExpirationCurrent SpreadLast Price
Call
2024-09-27 CALL at $1.00.88960.08674012024-09-270.86 - 1.281.23In
Call
2024-09-27 CALL at $1.50.79710.13331462024-09-270.17 - 1.020.57In
Call
2024-09-27 CALL at $2.00.63891.278719282024-09-270.15 - 0.180.16In
Call
2024-09-27 CALL at $2.50.19640.691693972024-09-270.03 - 0.050.04Out
Call
2024-09-27 CALL at $3.00.09110.314674742024-09-270.01 - 0.020.02Out
Call
2024-09-27 CALL at $3.50.04550.162131602024-09-270.01 - 0.050.01Out

Opendoor Technologies Corporate Management

Additional Information and Resources on Investing in Opendoor Stock

When determining whether Opendoor Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Opendoor 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 Opendoor Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Opendoor Technologies Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Opendoor Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Opendoor Stock, please use our How to Invest in Opendoor Technologies guide.
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Is Real Estate Management & Development space 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 Opendoor Technologies. If investors know Opendoor 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 Opendoor 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
(0.59)
Revenue Per Share
6.702
Quarterly Revenue Growth
(0.23)
Return On Assets
(0.06)
Return On Equity
(0.41)
The market value of Opendoor Technologies is measured differently than its book value, which is the value of Opendoor that is recorded on the company's balance sheet. Investors also form their own opinion of Opendoor Technologies' value that differs from its market value or its book value, called intrinsic value, which is Opendoor 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 Opendoor Technologies' market value can be influenced by many factors that don't directly affect Opendoor 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 Opendoor Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Opendoor Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Opendoor 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.