NOC Option Call 20-12-2024 380 Option on Northrop Grumman

NOC Stock  USD 484.75  4.90  1.00%   
NOC Option Call 20-12-2024 380 is a CALL option contract on Northrop Grumman's common stock with a strick price of 380.0 expiring on 2024-12-20. The contract was last traded on 2024-09-26 at 10:31:03 for $151.11 and, as of today, has 17 days remaining before the expiration. The option is currently trading at a bid price of $137.1, and an ask price of $145.7. The implied volatility as of the 3rd of December is 17.0.
  
The strike price represents the predetermined price at which a call buyer can buy Northrop Stock. Call options may be purchased for speculation or sold for income purposes, or simply combined for various spread or combination strategies. If Northrop Grumman's price is above the strike price at expiry, the profit is the current Northrop Grumman's stock price, minus the strike price and the premium.

Rule 16 of 2024-12-20 Option Contract

The options market is anticipating that Northrop Grumman will have an average daily up or down price movement of about 0.12% per day over the life of the option. With Northrop Grumman trading at USD 484.75, that is roughly USD 0.57. If you think that the market is fully understating Northrop Grumman's daily price movement you should consider buying Northrop Grumman options at that current volatility level of 1.89%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

In The Money Call Option on Northrop Grumman

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 Northrop Grumman 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 Northrop 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 NameNOC Option Call 20-12-2024 380
Expires On2024-12-20
Days Before Expriration17
Last Traded On2024-09-26 10:31:03
Open Interest1
Strike Price380.0
Last Traded At151.11
Current Price Spread137.1 | 145.7
Rule 16 Daily Up or DownUSD 0.57

Northrop long CALL Option Payoff at expiration

Buying Northrop Grumman's call option is the simplest of option trades. A call option on Northrop Stock gives investors the right (but not the obligation) to purchase Northrop Grumman at the given strike price. Therefore Northrop Grumman's call intrinsic value or payoff at expiration depends on where the Northrop Stock price is relative to the call option strike price. The strike price of 380.0 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 Northrop Grumman's price. Finally, at the break-even point of 380.0, the line crosses zero, and trading Northrop becomes profitable.
   Profit   
       Northrop Grumman Price At Expiration  

Northrop short CALL Option Payoff at expiration

By selling Northrop Grumman's call option, the investors signals his or her bearish sentiment. A short position in a call option written on Northrop Grumman will generally make money when the underlying price goes down. Therefore Northrop Grumman's call intrinsic value or payoff at expiration depends on where the Northrop Stock price is relative to the call option strike price. The strike price of 380.0 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 Northrop Grumman's price. Finally, at the break-even point of 380.0, the line crosses zero, and trading Northrop becomes disadvantageous with no downside limits.
   Profit   
       Northrop Grumman Price At Expiration  
View All Northrop Grumman Options

Northrop Grumman Available Call Options

Northrop Grumman's option chain is a display of a range of information that helps investors for ways to trade options on Northrop. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Northrop. It also shows strike prices and maturity days for a Northrop Grumman 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 IntExpirationCurrent SpreadLast Price
Call
NOC Option Call 20-12-2024 38012024-12-20137.1 - 145.7151.11In
Call
NOC Option Call 20-12-2024 39012024-12-20138.6 - 147.8132.6In
Call
NOC Option Call 20-12-2024 40042024-12-20107.4 - 116.257.1In
Call
NOC Option Call 20-12-2024 41022024-12-2035.1 - 36.579.2In
Call
NOC Option Call 20-12-2024 42052024-12-2064.1 - 73.8102.75In
Call
NOC Option Call 20-12-2024 42502024-12-200.0 - 0.064.88In
Call
NOC Option Call 20-12-2024 43002024-12-200.0 - 0.070.4In
Call
NOC Option Call 20-12-2024 44082024-12-2045.2 - 52.983.2In
Call
NOC Option Call 20-12-2024 44512024-12-2049.8 - 55.187.96In
Call
NOC Option Call 20-12-2024 45002024-12-200.0 - 0.041.15In
Call
NOC Option Call 20-12-2024 45512024-12-2079.6 - 54.076.6In
Call
NOC Option Call 20-12-2024 46002024-12-200.0 - 0.027.11In
Call
NOC Option Call 20-12-2024 46502024-12-200.0 - 0.028.71In
Call
NOC Option Call 20-12-2024 47002024-12-200.0 - 0.021.02In
Call
NOC Option Call 20-12-2024 47502024-12-200.0 - 0.013.3In
Call
NOC Option Call 20-12-2024 48002024-12-200.0 - 0.013.95In
Call
NOC Option Call 20-12-2024 48502024-12-200.0 - 0.010.5In
Call
NOC Option Call 20-12-2024 49002024-12-200.0 - 0.08.3Out
Call
NOC Option Call 20-12-2024 49502024-12-200.0 - 0.05.78Out
Call
NOC Option Call 20-12-2024 50002024-12-200.0 - 0.04.0Out
Call
NOC Option Call 20-12-2024 50502024-12-200.0 - 0.03.2Out
Call
NOC Option Call 20-12-2024 51002024-12-200.0 - 0.02.05Out
Call
NOC Option Call 20-12-2024 51502024-12-200.0 - 0.01.43Out
Call
NOC Option Call 20-12-2024 52002024-12-200.0 - 0.00.85Out
Call
NOC Option Call 20-12-2024 52502024-12-200.0 - 0.01.0Out
Call
NOC Option Call 20-12-2024 53002024-12-200.0 - 0.00.2Out
Call
NOC Option Call 20-12-2024 53502024-12-200.0 - 0.00.5Out
Call
NOC Option Call 20-12-2024 54002024-12-200.0 - 0.00.35Out
Call
NOC Option Call 20-12-2024 54502024-12-200.0 - 0.01.43Out
Call
NOC Option Call 20-12-2024 55002024-12-200.0 - 0.00.29Out
Call
NOC Option Call 20-12-2024 55502024-12-200.0 - 0.00.85Out
Call
NOC Option Call 20-12-2024 56002024-12-200.0 - 0.00.05Out
Call
NOC Option Call 20-12-2024 56502024-12-200.0 - 0.01.52Out
Call
NOC Option Call 20-12-2024 57002024-12-200.0 - 0.00.5Out
Call
NOC Option Call 20-12-2024 57502024-12-200.0 - 0.00.27Out
Call
NOC Option Call 20-12-2024 58002024-12-200.0 - 0.01.25Out
Call
NOC Option Call 20-12-2024 59032024-12-200.0 - 2.71.7Out
Call
NOC Option Call 20-12-2024 59502024-12-200.0 - 0.00.06Out
Call
NOC Option Call 20-12-2024 60082024-12-200.0 - 1.20.97Out
Call
NOC Option Call 20-12-2024 60552024-12-200.1 - 4.63.2Out
Call
NOC Option Call 20-12-2024 61032024-12-200.0 - 3.11.74Out
Call
NOC Option Call 20-12-2024 62052024-12-200.0 - 2.60.92Out
Call
NOC Option Call 20-12-2024 62502024-12-200.0 - 0.00.09Out
Call
NOC Option Call 20-12-2024 64032024-12-200.95 - 2.61.3Out
Call
NOC Option Call 20-12-2024 64512024-12-200.05 - 4.52.01Out
Call
NOC Option Call 20-12-2024 66022024-12-200.3 - 4.60.51Out
Call
NOC Option Call 20-12-2024 67012024-12-200.0 - 2.60.31Out
Call
NOC Option Call 20-12-2024 70022024-12-200.0 - 0.00.72Out
Call
NOC Option Call 20-12-2024 72002024-12-200.0 - 0.00.15Out
Call
NOC Option Call 20-12-2024 72502024-12-200.0 - 0.00.15Out
Call
NOC Option Call 20-12-2024 74532024-12-200.0 - 3.90.5Out
Call
NOC Option Call 20-12-2024 750302024-12-200.0 - 2.750.05Out

Northrop Grumman Corporate Directors

Thomas SchoeweIndependent DirectorProfile
Marianne BrownIndependent DirectorProfile
Karl KrapekIndependent DirectorProfile
Madeleine KleinerIndependent DirectorProfile
When determining whether Northrop Grumman offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Northrop Grumman'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 Northrop Grumman Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Northrop Grumman Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northrop Grumman. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
For information on how to trade Northrop Stock refer to our How to Trade Northrop Stock guide.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Aerospace & Defense 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 Northrop Grumman. If investors know Northrop 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 Northrop Grumman 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
0.133
Dividend Share
7.86
Earnings Share
16.24
Revenue Per Share
276.412
Quarterly Revenue Growth
0.023
The market value of Northrop Grumman is measured differently than its book value, which is the value of Northrop that is recorded on the company's balance sheet. Investors also form their own opinion of Northrop Grumman's value that differs from its market value or its book value, called intrinsic value, which is Northrop Grumman'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 Northrop Grumman's market value can be influenced by many factors that don't directly affect Northrop Grumman'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 Northrop Grumman's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northrop Grumman is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northrop Grumman'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.