OVV Option Call 20-12-2024 47 Option on Ovintiv

OVV Stock  USD 42.25  0.90  2.18%   
OVV Option Call 20-12-2024 47 is a CALL option contract on Ovintiv's common stock with a strick price of 47.0 expiring on 2024-12-20. The contract was last traded on 2024-12-10 at 09:53:51 for $0.05 and, as of today, has 9 days remaining before the expiration. The option is currently trading at an ask price of $1.0. The implied volatility as of the 11th of December 2024 is 9.0.
  
Call options on Ovintiv give the investor right to buy Ovintiv Stock at a specified price within a specific period. If Ovintiv's price is above the strike price at expiry, the profit is the current Ovintiv's stock price, minus the strike price and the premium.

Rule 16 of 2024-12-20 Option Contract

The options market is anticipating that Ovintiv will have an average daily up or down price movement of about 0.0432% per day over the life of the option. With Ovintiv trading at USD 42.25, that is roughly USD 0.0183. If you think that the market is fully understating Ovintiv's daily price movement you should consider buying Ovintiv options at that current volatility level of 0.69%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Call Option on Ovintiv

An 'Out of The Money' option on Ovintiv has a strike price that Ovintiv Stock has yet to reach, meaning the option has no intrinsic value. 'Out of The Money' options are usually less costly than 'In The Money' options, making them more desirable to traders with smaller amounts of capital. Some of the uses for Ovintiv's 'Out of The Money' options include buying the options if you expect a big move in Ovintiv's stock. Since 'Out of The Money' options have a lower up-front cost (i.e., no intrinsic value) than 'In The Money' options, buying it is a reasonable choice.
Call Contract NameOVV Option Call 20-12-2024 47
Expires On2024-12-20
Days Before Expriration9
Last Traded On2024-12-10 09:53:51
Open Interest584
Current Trading Volume1.0
Strike Price47.0
Last Traded At0.05
Current Price Spread0.0 | 1.0
Rule 16 Daily Up or DownUSD 0.0183

Ovintiv long CALL Option Payoff at expiration

Buying Ovintiv's call option is the simplest of option trades. A call option on Ovintiv Stock gives investors the right (but not the obligation) to purchase Ovintiv at the given strike price. Therefore Ovintiv's call intrinsic value or payoff at expiration depends on where the Ovintiv Stock price is relative to the call option strike price. The strike price of 47.0 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 Ovintiv's price. Finally, at the break-even point of 47.0, the line crosses zero, and trading Ovintiv becomes profitable.
   Profit   
       Ovintiv Price At Expiration  

Ovintiv short CALL Option Payoff at expiration

By selling Ovintiv's call option, the investors signals his or her bearish sentiment. A short position in a call option written on Ovintiv will generally make money when the underlying price goes down. Therefore Ovintiv's call intrinsic value or payoff at expiration depends on where the Ovintiv Stock price is relative to the call option strike price. The strike price of 47.0 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 Ovintiv's price. Finally, at the break-even point of 47.0, the line crosses zero, and trading Ovintiv becomes disadvantageous with no downside limits.
   Profit   
       Ovintiv Price At Expiration  
View All Ovintiv Options

Ovintiv Available Call Options

Ovintiv's option chain is a display of a range of information that helps investors for ways to trade options on Ovintiv. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Ovintiv. It also shows strike prices and maturity days for a Ovintiv 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
OVV Option Call 20-12-2024 3502024-12-200.0 - 0.04.77In
Call
OVV Option Call 20-12-2024 3612024-12-2010.1 - 12.75.33In
Call
OVV Option Call 20-12-2024 38202024-12-202.65 - 5.32.85In
Call
OVV Option Call 20-12-2024 39472024-12-203.2 - 3.54.1In
Call
OVV Option Call 20-12-2024 40652024-12-202.35 - 2.53.28In
Call
OVV Option Call 20-12-2024 411252024-12-201.5 - 1.651.3In
Call
OVV Option Call 20-12-2024 42672024-12-200.9 - 1.050.77In
Call
OVV Option Call 20-12-2024 431712024-12-200.5 - 0.60.4Out
Call
OVV Option Call 20-12-2024 442962024-12-200.25 - 0.350.3Out
Call
OVV Option Call 20-12-2024 451862024-12-200.1 - 0.20.13Out
Call
OVV Option Call 20-12-2024 463972024-12-200.05 - 0.150.11Out
Call
OVV Option Call 20-12-2024 475842024-12-200.0 - 1.00.05Out
Call
OVV Option Call 20-12-2024 4815182024-12-200.0 - 0.250.1Out
Call
OVV Option Call 20-12-2024 4928362024-12-200.0 - 0.050.1Out
Call
OVV Option Call 20-12-2024 5011102024-12-200.0 - 0.050.06Out

Ovintiv Corporate Management

Rachel CHRPExecutive ServicesProfile
Brendan McCrackenExecutive Vice President - Corporate Development and External RelationsProfile
Michael McAllisterPresidentProfile
Joanne AlexanderExecutive Vice President General Counsel, Corporate SecretaryProfile
Renee ZemljakExecutive Vice President of Midstream, Marketing and FundamentalsProfile

Additional Tools for Ovintiv Stock Analysis

When running Ovintiv's price analysis, check to measure Ovintiv'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 Ovintiv is operating at the current time. Most of Ovintiv's value examination focuses on studying past and present price action to predict the probability of Ovintiv's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ovintiv's price. Additionally, you may evaluate how the addition of Ovintiv to your portfolios can decrease your overall portfolio volatility.