Mercury General Stock Options
| MCY Stock | USD 72.48 0.45 0.62% |
Mercury General's latest option contracts expiring on 2024-12-20 are carrying combined implied volatility of 1.16 with a put-to-call open interest ratio of 0.26 over 21 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2024-12-20. The total put volume is at 35.0, with calls trading at the volume of 35.0. This yields a 1.09 put-to-call volume ratio.
Open Interest Against 2024-12-20 Option Contracts
Mercury General option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Mercury General's lending market. For example, when Mercury General's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Mercury General, he or she must hedge the risk by shorting Mercury General stock over its option's life.
2024-12-20
The chart above shows Mercury General's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Mercury General's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Mercury General's option, there is no secondary market available for investors to trade.
In The Money vs. Out of Money Option Contracts on Mercury General
Analyzing Mercury General's in-the-money options over time can help investors to take a profitable long position in Mercury General regardless of its overall volatility. This is especially true when Mercury General's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Mercury General's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Mercury General's stock while costing only a fraction of its price.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mercury General. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Mercury General In The Money Call Balance
When Mercury General's strike price is surpassing the current stock price, the option contract against Mercury General stock is said to be in the money. When it comes to buying Mercury General's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Mercury General are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
Mercury Current Options Market Mood
Mercury General's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Mercury Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Most options investors, including buyers and sellers of Mercury General's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Mercury General's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.
Rule 16 of the current Mercury contract
Base on the Rule 16, the options market is currently suggesting that Mercury General will have an average daily up or down price movement of about 0.0725% per day over the life of the 2024-12-20 option contract. With Mercury General trading at USD 72.48, that is roughly USD 0.0525. If you think that the market is fully incorporating Mercury General's daily price movement you should consider buying Mercury General options at the current volatility level of 1.16%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Mercury |
Purchasing Mercury General options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Mercury calls. Remember, the seller must deliver Mercury General stock to the call owner when a call is exercised.
Mercury General Option Chain
When Mercury General's strike price is surpassing the current stock price, the option contract against Mercury General stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
Mercury General's option chain is a display of a range of information that helps investors for ways to trade options on Mercury. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Mercury. It also shows strike prices and maturity days for a Mercury General 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. | Open Int | Expiration | Current Spread | Last Price | |||
Call | MCY Option Call 20-12-2024 35 | 6 | 2024-12-20 | 30.0 - 34.5 | 29.3 | In |
Call | MCY Option Call 20-12-2024 40 | 9 | 2024-12-20 | 30.6 - 34.8 | 38.5 | In |
Call | MCY Option Call 20-12-2024 45 | 3 | 2024-12-20 | 16.6 - 21.5 | 19.15 | In |
Call | MCY Option Call 20-12-2024 50 | 14 | 2024-12-20 | 20.7 - 23.5 | 22.24 | In |
Call | MCY Option Call 20-12-2024 55 | 56 | 2024-12-20 | 15.5 - 18.8 | 17.2 | In |
Call | MCY Option Call 20-12-2024 60 | 66 | 2024-12-20 | 10.5 - 13.8 | 13.1 | In |
Call | MCY Option Call 20-12-2024 65 | 22 | 2024-12-20 | 5.7 - 9.2 | 12.64 | In |
Call | MCY Option Call 20-12-2024 70 | 25 | 2024-12-20 | 2.65 - 4.8 | 4.0 | In |
Call | MCY Option Call 20-12-2024 75 | 116 | 2024-12-20 | 0.2 - 4.0 | 0.75 | Out |
Call | MCY Option Call 20-12-2024 80 | 51 | 2024-12-20 | 0.0 - 1.75 | 0.25 | Out |
Call | MCY Option Call 20-12-2024 85 | 43 | 2024-12-20 | 0.0 - 0.75 | 0.2 | Out |
Put | MCY Option Put 20-12-2024 30 | 4 | 2024-12-20 | 0.0 - 3.9 | 0.73 | Out |
Put | MCY Option Put 20-12-2024 40 | 1 | 2024-12-20 | 0.0 - 4.8 | 2.45 | Out |
Put | MCY Option Put 20-12-2024 45 | 12 | 2024-12-20 | 0.0 - 0.0 | 0.8 | Out |
Put | MCY Option Put 20-12-2024 50 | 21 | 2024-12-20 | 0.0 - 0.35 | 1.4 | Out |
Put | MCY Option Put 20-12-2024 55 | 31 | 2024-12-20 | 0.0 - 0.75 | 0.2 | Out |
Put | MCY Option Put 20-12-2024 60 | 3 | 2024-12-20 | 0.0 - 0.75 | 0.5 | Out |
Put | MCY Option Put 20-12-2024 65 | 0 | 2024-12-20 | 0.0 - 0.75 | 2.3 | |
Put | MCY Option Put 20-12-2024 70 | 16 | 2024-12-20 | 0.0 - 4.7 | 0.35 | Out |
Put | MCY Option Put 20-12-2024 75 | 16 | 2024-12-20 | 1.1 - 5.4 | 1.5 | In |
Put | MCY Option Put 20-12-2024 80 | 1 | 2024-12-20 | 6.1 - 9.8 | 3.1 | In |
Mercury General Selling And Marketing Expenses Over Time
Selling And Marketing Expenses |
| Timeline |
Mercury Total Stockholder Equity
Total Stockholder Equity |
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Mercury General Corporate Directors
| James Ellis | Independent Director | Profile | |
| George Braunegg | Independent Director | Profile | |
| Christopher Graves | Chief Investment Officer, VP, Director and Member of Investment Committee | Profile | |
| Joshua Little | Independent Director | Profile |
Additional Tools for Mercury Stock Analysis
When running Mercury General's price analysis, check to measure Mercury General'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 Mercury General is operating at the current time. Most of Mercury General's value examination focuses on studying past and present price action to predict the probability of Mercury General's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mercury General's price. Additionally, you may evaluate how the addition of Mercury General to your portfolios can decrease your overall portfolio volatility.