NX241220P00030000 Option on Quanex Building Products
| NX Stock | USD 29.76 0.95 3.30% |
Quanex Building's latest option contracts expiring on 2024-12-20 are carrying combined implied volatility of 1.02 with a put-to-call open interest ratio of 1.56 over 8 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on 2024-12-20. The total put volume is at 16.0, with calls trading at the volume of 16.0. This yields a 1.07 put-to-call volume ratio.
Open Interest Against 2024-12-20 Option Contracts
Quanex Building 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 Quanex Building's lending market. For example, when Quanex Building'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 Quanex Building, he or she must hedge the risk by shorting Quanex Building stock over its option's life.
2024-12-20
The chart above shows Quanex Building'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. Quanex Building's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Quanex Building's option, there is no secondary market available for investors to trade.
Quanex Building's option chain provides insight into all available option contracts written on Quanex Building's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Quanex Building'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 Quanex option contract.
In The Money vs. Out of Money Option Contracts on Quanex Building
Analyzing Quanex Building's in-the-money options over time can help investors to take a profitable long position in Quanex Building regardless of its overall volatility. This is especially true when Quanex Building's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Quanex Building's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Quanex Building'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 Quanex Building Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
Quanex Building Products In The Money Call Balance
When Quanex Building's strike price is surpassing the current stock price, the option contract against Quanex Building Products stock is said to be in the money. When it comes to buying Quanex Building'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 Quanex Building Products 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.
Quanex Current Options Market Mood
Quanex Building'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 Quanex 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 Quanex Building'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. Quanex Building'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 Quanex contract
Base on the Rule 16, the options market is currently suggesting that Quanex Building Products will have an average daily up or down price movement of about 0.0638% per day over the life of the 2024-12-20 option contract. With Quanex Building trading at USD 29.76, that is roughly USD 0.019. If you think that the market is fully incorporating Quanex Building's daily price movement you should consider buying Quanex Building Products options at the current volatility level of 1.02%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
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Purchasing Quanex Building 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" Quanex calls. Remember, the seller must deliver Quanex Building Products stock to the call owner when a call is exercised.
Quanex Building Option Chain
When Quanex Building's strike price is surpassing the current stock price, the option contract against Quanex Building Products 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.
Quanex Building's option chain is a display of a range of information that helps investors for ways to trade options on Quanex. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Quanex. It also shows strike prices and maturity days for a Quanex Building 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 | NX Option Call 20-12-2024 20 | 4 | 2024-12-20 | 6.2 - 10.4 | 11.0 | In |
Call | NX Option Call 20-12-2024 30 | 0 | 2024-12-20 | 0.0 - 0.0 | 1.25 | |
Call | NX Option Call 20-12-2024 35 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.36 | |
Call | NX Option Call 20-12-2024 40 | 5 | 2024-12-20 | 0.0 - 2.7 | 1.8 | Out |
Put | NX Option Put 20-12-2024 50 | 0 | 2024-12-20 | 23.3 - 27.3 | 20.72 | In |
Put | NX Option Put 20-12-2024 30 | 14 | 2024-12-20 | 0.55 - 4.7 | 3.21 | In |
Put | NX Option Put 20-12-2024 25 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.25 | |
Put | NX Option Put 20-12-2024 20 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.05 |
Quanex Total Stockholder Equity
Total Stockholder Equity |
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Quanex Building Corporate Directors
| Robert Buck | Director and Member of Audit Committee | Profile | |
| Joseph Rupp | Lead Independent Director | Profile | |
| Donald Maier | Independent Director | Profile | |
| William Waltz | Independent Director | Profile |
Additional Tools for Quanex Stock Analysis
When running Quanex Building's price analysis, check to measure Quanex Building'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 Quanex Building is operating at the current time. Most of Quanex Building's value examination focuses on studying past and present price action to predict the probability of Quanex Building's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quanex Building's price. Additionally, you may evaluate how the addition of Quanex Building to your portfolios can decrease your overall portfolio volatility.