NOC241220P00320000 Option on Northrop Grumman
| NOC Stock | USD 489.65 0.57 0.12% |
Northrop Grumman's latest option contracts expiring on 2024-12-20 are carrying combined implied volatility of 0.35 with a put-to-call open interest ratio of 2.12 over 101 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on 2024-12-20. The total put volume is at 300, with calls trading at the volume of 300. This yields a 1.55 put-to-call volume ratio.
Open Interest Against 2024-12-20 Option Contracts
2024-12-20
The chart above shows Northrop Grumman'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. Northrop Grumman's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Northrop Grumman's option, there is no secondary market available for investors to trade.
Northrop Grumman's option chain provides insight into all available option contracts written on Northrop Grumman's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Northrop Grumman's stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given Northrop option contract.
In The Money vs. Out of Money Option Contracts on Northrop Grumman
Analyzing Northrop Grumman's in-the-money options over time can help investors to take a profitable long position in Northrop Grumman regardless of its overall volatility. This is especially true when Northrop Grumman's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Northrop Grumman's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Northrop Grumman's stock while costing only a fraction of its price.
Northrop Grumman's stock options are financial instruments that give investors the right to buy or sell shares of Northrop Grumman common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Northrop stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Northrop Grumman's stock price goes up or down, the stock options follow.
At present, Northrop Grumman's Stock Based Compensation To Revenue is projected to slightly decrease based on the last few years of reporting. Northrop Grumman In The Money Call Balance
When Northrop Grumman's strike price is surpassing the current stock price, the option contract against Northrop Grumman stock is said to be in the money. When it comes to buying Northrop Grumman'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 Northrop Grumman 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.
Northrop Current Options Market Mood
Northrop Grumman'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 Northrop 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 Northrop Grumman'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. Northrop Grumman'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 Northrop contract
Base on the Rule 16, the options market is currently suggesting that Northrop Grumman will have an average daily up or down price movement of about 0.0219% per day over the life of the 2024-12-20 option contract. With Northrop Grumman trading at USD 489.65, that is roughly USD 0.11. If you think that the market is fully incorporating Northrop Grumman's daily price movement you should consider buying Northrop Grumman options at the current volatility level of 0.35%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Northrop |
Purchasing Northrop Grumman 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" Northrop calls. Remember, the seller must deliver Northrop Grumman stock to the call owner when a call is exercised.
Northrop Grumman Option Chain
When Northrop Grumman's strike price is surpassing the current stock price, the option contract against Northrop Grumman 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.
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 Int | Expiration | Current Spread | Last Price | |||
Call | NOC Option Call 20-12-2024 380 | 1 | 2024-12-20 | 137.1 - 145.7 | 151.11 | In |
Call | NOC Option Call 20-12-2024 390 | 1 | 2024-12-20 | 138.6 - 147.8 | 132.6 | In |
Call | NOC Option Call 20-12-2024 400 | 4 | 2024-12-20 | 107.4 - 116.2 | 57.1 | In |
Call | NOC Option Call 20-12-2024 410 | 2 | 2024-12-20 | 35.1 - 36.5 | 79.2 | In |
Call | NOC Option Call 20-12-2024 420 | 5 | 2024-12-20 | 64.1 - 73.8 | 102.75 | In |
Call | NOC Option Call 20-12-2024 425 | 0 | 2024-12-20 | 0.0 - 0.0 | 64.88 | In |
Call | NOC Option Call 20-12-2024 430 | 0 | 2024-12-20 | 0.0 - 0.0 | 70.4 | In |
Call | NOC Option Call 20-12-2024 440 | 8 | 2024-12-20 | 45.2 - 52.9 | 83.2 | In |
Call | NOC Option Call 20-12-2024 445 | 1 | 2024-12-20 | 49.8 - 55.1 | 87.96 | In |
Call | NOC Option Call 20-12-2024 450 | 0 | 2024-12-20 | 0.0 - 0.0 | 41.15 | In |
Call | NOC Option Call 20-12-2024 455 | 1 | 2024-12-20 | 79.6 - 54.0 | 76.6 | In |
Call | NOC Option Call 20-12-2024 460 | 0 | 2024-12-20 | 0.0 - 0.0 | 27.11 | In |
Call | NOC Option Call 20-12-2024 465 | 0 | 2024-12-20 | 0.0 - 0.0 | 28.71 | In |
Call | NOC Option Call 20-12-2024 470 | 0 | 2024-12-20 | 0.0 - 0.0 | 21.02 | In |
Call | NOC Option Call 20-12-2024 475 | 0 | 2024-12-20 | 0.0 - 0.0 | 13.3 | In |
Call | NOC Option Call 20-12-2024 480 | 0 | 2024-12-20 | 0.0 - 0.0 | 13.95 | In |
Call | NOC Option Call 20-12-2024 485 | 0 | 2024-12-20 | 0.0 - 0.0 | 10.5 | In |
Call | NOC Option Call 20-12-2024 490 | 0 | 2024-12-20 | 0.0 - 0.0 | 8.3 | |
Call | NOC Option Call 20-12-2024 495 | 0 | 2024-12-20 | 0.0 - 0.0 | 5.78 | |
Call | NOC Option Call 20-12-2024 500 | 0 | 2024-12-20 | 0.0 - 0.0 | 4.0 | |
Call | NOC Option Call 20-12-2024 505 | 0 | 2024-12-20 | 0.0 - 0.0 | 3.2 | |
Call | NOC Option Call 20-12-2024 510 | 0 | 2024-12-20 | 0.0 - 0.0 | 2.05 | |
Call | NOC Option Call 20-12-2024 515 | 0 | 2024-12-20 | 0.0 - 0.0 | 1.43 | |
Call | NOC Option Call 20-12-2024 520 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.85 | |
Call | NOC Option Call 20-12-2024 525 | 0 | 2024-12-20 | 0.0 - 0.0 | 1.0 | |
Call | NOC Option Call 20-12-2024 530 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.2 | |
Call | NOC Option Call 20-12-2024 535 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.5 | |
Call | NOC Option Call 20-12-2024 540 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.35 | |
Call | NOC Option Call 20-12-2024 545 | 0 | 2024-12-20 | 0.0 - 0.0 | 1.43 | |
Call | NOC Option Call 20-12-2024 550 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.29 | |
Call | NOC Option Call 20-12-2024 555 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.85 | |
Call | NOC Option Call 20-12-2024 560 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.05 | |
Call | NOC Option Call 20-12-2024 565 | 0 | 2024-12-20 | 0.0 - 0.0 | 1.52 | |
Call | NOC Option Call 20-12-2024 570 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.5 | |
Call | NOC Option Call 20-12-2024 575 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.27 | |
Call | NOC Option Call 20-12-2024 580 | 0 | 2024-12-20 | 0.0 - 0.0 | 1.25 | |
Call | NOC Option Call 20-12-2024 590 | 3 | 2024-12-20 | 0.0 - 2.7 | 1.7 | Out |
Call | NOC Option Call 20-12-2024 595 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.06 | |
Call | NOC Option Call 20-12-2024 600 | 8 | 2024-12-20 | 0.0 - 1.2 | 0.97 | Out |
Call | NOC Option Call 20-12-2024 605 | 5 | 2024-12-20 | 0.1 - 4.6 | 3.2 | Out |
Call | NOC Option Call 20-12-2024 610 | 3 | 2024-12-20 | 0.0 - 3.1 | 1.74 | Out |
Call | NOC Option Call 20-12-2024 620 | 5 | 2024-12-20 | 0.0 - 2.6 | 0.92 | Out |
Call | NOC Option Call 20-12-2024 625 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.09 | |
Call | NOC Option Call 20-12-2024 640 | 3 | 2024-12-20 | 0.95 - 2.6 | 1.3 | Out |
Call | NOC Option Call 20-12-2024 645 | 1 | 2024-12-20 | 0.05 - 4.5 | 2.01 | Out |
Call | NOC Option Call 20-12-2024 660 | 2 | 2024-12-20 | 0.3 - 4.6 | 0.51 | Out |
Call | NOC Option Call 20-12-2024 670 | 1 | 2024-12-20 | 0.0 - 2.6 | 0.31 | Out |
Call | NOC Option Call 20-12-2024 700 | 2 | 2024-12-20 | 0.0 - 0.0 | 0.72 | Out |
Call | NOC Option Call 20-12-2024 720 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.15 | |
Call | NOC Option Call 20-12-2024 725 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.15 | |
Call | NOC Option Call 20-12-2024 745 | 3 | 2024-12-20 | 0.0 - 3.9 | 0.5 | Out |
Call | NOC Option Call 20-12-2024 750 | 30 | 2024-12-20 | 0.0 - 2.75 | 0.05 | Out |
Put | NOC Option Put 20-12-2024 240 | 0 | 2024-12-20 | 0.0 - 4.7 | 2.38 | |
Put | NOC Option Put 20-12-2024 250 | 4 | 2024-12-20 | 0.0 - 0.0 | 0.52 | Out |
Put | NOC Option Put 20-12-2024 260 | 7 | 2024-12-20 | 0.0 - 4.5 | 1.22 | Out |
Put | NOC Option Put 20-12-2024 270 | 7 | 2024-12-20 | 0.0 - 4.7 | 2.09 | Out |
Put | NOC Option Put 20-12-2024 280 | 0 | 2024-12-20 | 0.0 - 4.6 | 1.35 | |
Put | NOC Option Put 20-12-2024 290 | 36 | 2024-12-20 | 0.05 - 5.8 | 2.5 | Out |
Put | NOC Option Put 20-12-2024 300 | 2 | 2024-12-20 | 0.05 - 6.0 | 4.7 | Out |
Put | NOC Option Put 20-12-2024 310 | 3 | 2024-12-20 | 0.0 - 2.8 | 0.3 | Out |
Put | NOC Option Put 20-12-2024 320 | 4 | 2024-12-20 | 0.0 - 0.0 | 0.89 | Out |
Put | NOC Option Put 20-12-2024 330 | 3 | 2024-12-20 | 0.0 - 2.65 | 0.35 | Out |
Put | NOC Option Put 20-12-2024 350 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.01 | |
Put | NOC Option Put 20-12-2024 355 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.15 | |
Put | NOC Option Put 20-12-2024 360 | 61 | 2024-12-20 | 0.05 - 5.5 | 1.19 | Out |
Put | NOC Option Put 20-12-2024 370 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.35 | |
Put | NOC Option Put 20-12-2024 380 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.1 | |
Put | NOC Option Put 20-12-2024 385 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.06 | |
Put | NOC Option Put 20-12-2024 390 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.06 | |
Put | NOC Option Put 20-12-2024 400 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.14 | |
Put | NOC Option Put 20-12-2024 410 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.21 | |
Put | NOC Option Put 20-12-2024 420 | 0 | 2024-12-20 | 0.0 - 0.0 | 1.02 | |
Put | NOC Option Put 20-12-2024 425 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.55 | |
Put | NOC Option Put 20-12-2024 430 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.37 | |
Put | NOC Option Put 20-12-2024 435 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.5 | |
Put | NOC Option Put 20-12-2024 440 | 0 | 2024-12-20 | 0.0 - 0.0 | 1.0 | |
Put | NOC Option Put 20-12-2024 445 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.77 | |
Put | NOC Option Put 20-12-2024 450 | 0 | 2024-12-20 | 0.0 - 0.0 | 1.0 | |
Put | NOC Option Put 20-12-2024 455 | 0 | 2024-12-20 | 0.0 - 0.0 | 1.05 | |
Put | NOC Option Put 20-12-2024 460 | 0 | 2024-12-20 | 0.0 - 0.0 | 1.37 | |
Put | NOC Option Put 20-12-2024 465 | 0 | 2024-12-20 | 0.0 - 0.0 | 2.25 | |
Put | NOC Option Put 20-12-2024 470 | 0 | 2024-12-20 | 0.0 - 0.0 | 3.2 | |
Put | NOC Option Put 20-12-2024 475 | 0 | 2024-12-20 | 0.0 - 0.0 | 3.94 | |
Put | NOC Option Put 20-12-2024 480 | 0 | 2024-12-20 | 0.0 - 0.0 | 4.82 | |
Put | NOC Option Put 20-12-2024 485 | 0 | 2024-12-20 | 0.0 - 0.0 | 7.7 | |
Put | NOC Option Put 20-12-2024 490 | 0 | 2024-12-20 | 0.0 - 0.0 | 11.4 | In |
Put | NOC Option Put 20-12-2024 495 | 0 | 2024-12-20 | 0.0 - 0.0 | 13.75 | In |
Put | NOC Option Put 20-12-2024 500 | 0 | 2024-12-20 | 0.0 - 0.0 | 23.35 | In |
Put | NOC Option Put 20-12-2024 505 | 0 | 2024-12-20 | 0.0 - 0.0 | 18.1 | In |
Put | NOC Option Put 20-12-2024 510 | 0 | 2024-12-20 | 0.0 - 0.0 | 23.42 | In |
Put | NOC Option Put 20-12-2024 515 | 0 | 2024-12-20 | 0.0 - 0.0 | 28.4 | In |
Put | NOC Option Put 20-12-2024 520 | 0 | 2024-12-20 | 0.0 - 0.0 | 32.6 | In |
Put | NOC Option Put 20-12-2024 525 | 0 | 2024-12-20 | 0.0 - 0.0 | 31.1 | In |
Put | NOC Option Put 20-12-2024 530 | 0 | 2024-12-20 | 0.0 - 0.0 | 35.65 | In |
Put | NOC Option Put 20-12-2024 535 | 0 | 2024-12-20 | 0.0 - 0.0 | 37.5 | In |
Put | NOC Option Put 20-12-2024 540 | 0 | 2024-12-20 | 0.0 - 0.0 | 37.38 | In |
Put | NOC Option Put 20-12-2024 545 | 8 | 2024-12-20 | 51.1 - 55.8 | 28.0 | In |
Put | NOC Option Put 20-12-2024 550 | 51 | 2024-12-20 | 57.1 - 66.9 | 45.4 | In |
Put | NOC Option Put 20-12-2024 555 | 0 | 2024-12-20 | 0.0 - 0.0 | 32.2 | In |
Put | NOC Option Put 20-12-2024 560 | 2 | 2024-12-20 | 68.2 - 77.9 | 46.3 | In |
Put | NOC Option Put 20-12-2024 580 | 1 | 2024-12-20 | 51.2 - 59.7 | 62.9 | In |
Northrop Grumman Market Cap Over Time
Market Cap |
| Timeline |
Northrop Total Stockholder Equity
Total Stockholder Equity |
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Northrop Grumman Corporate Directors
| Thomas Schoewe | Independent Director | Profile | |
| Marianne Brown | Independent Director | Profile | |
| Karl Krapek | Independent Director | Profile | |
| Madeleine Kleiner | Independent Director | Profile |
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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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 16.21 | 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.