OVV241220P00036000 Option on Ovintiv
| OVV Stock | USD 42.25 0.90 2.18% |
Ovintiv's latest option contracts expiring on 2024-12-20 are carrying combined implied volatility of 0.59 with a put-to-call open interest ratio of 0.35 over 32 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2024-12-20. The total put volume is at 284, with calls trading at the volume of 284. This yields a 0.8 put-to-call volume ratio.
Open Interest Against 2024-12-20 Option Contracts
Ovintiv 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 Ovintiv's lending market. For example, when Ovintiv'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 Ovintiv, he or she must hedge the risk by shorting Ovintiv stock over its option's life.
2024-12-20
The chart above shows Ovintiv'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. Ovintiv's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Ovintiv's option, there is no secondary market available for investors to trade.
Ovintiv Maximum Pain Price across 2024-12-20 Option Contracts
Max pain occurs when Ovintiv's market makers reach a net positive position across all Ovintiv's options at a strike price where option holders stand to lose the most money. By contrast, Ovintiv's option sellers may reap the most after selling more options than buying, causing them to expire worthless.
In The Money vs. Out of Money Option Contracts on Ovintiv
Analyzing Ovintiv's in-the-money options over time can help investors to take a profitable long position in Ovintiv regardless of its overall volatility. This is especially true when Ovintiv's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Ovintiv's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Ovintiv's stock while costing only a fraction of its price.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ovintiv. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
Ovintiv In The Money Call Balance
When Ovintiv's strike price is surpassing the current stock price, the option contract against Ovintiv stock is said to be in the money. When it comes to buying Ovintiv'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 Ovintiv 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.
Ovintiv Current Options Market Mood
Ovintiv'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 Ovintiv 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
Unfortunately, most Ovintiv's options investors are not very successful. Ovintiv'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 Ovintiv contract
Base on the Rule 16, the options market is currently suggesting that Ovintiv will have an average daily up or down price movement of about 0.0369% per day over the life of the 2024-12-20 option contract. With Ovintiv trading at USD 42.25, that is roughly USD 0.0156. If you think that the market is fully incorporating Ovintiv's daily price movement you should consider buying Ovintiv options at the current volatility level of 0.59%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Ovintiv |
Purchasing Ovintiv 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" Ovintiv calls. Remember, the seller must deliver Ovintiv stock to the call owner when a call is exercised.
Ovintiv Option Chain
When Ovintiv's strike price is surpassing the current stock price, the option contract against Ovintiv 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.
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 Int | Expiration | Current Spread | Last Price | |||
Call | OVV Option Call 20-12-2024 35 | 0 | 2024-12-20 | 0.0 - 0.0 | 4.77 | In |
Call | OVV Option Call 20-12-2024 36 | 1 | 2024-12-20 | 10.1 - 12.7 | 5.33 | In |
Call | OVV Option Call 20-12-2024 38 | 20 | 2024-12-20 | 2.65 - 5.3 | 2.85 | In |
Call | OVV Option Call 20-12-2024 39 | 47 | 2024-12-20 | 3.2 - 3.5 | 4.1 | In |
Call | OVV Option Call 20-12-2024 40 | 65 | 2024-12-20 | 2.35 - 2.5 | 3.28 | In |
Call | OVV Option Call 20-12-2024 41 | 125 | 2024-12-20 | 1.5 - 1.65 | 1.3 | In |
Call | OVV Option Call 20-12-2024 42 | 67 | 2024-12-20 | 0.9 - 1.05 | 0.77 | In |
Call | OVV Option Call 20-12-2024 43 | 171 | 2024-12-20 | 0.5 - 0.6 | 0.4 | Out |
Call | OVV Option Call 20-12-2024 44 | 296 | 2024-12-20 | 0.25 - 0.35 | 0.3 | Out |
Call | OVV Option Call 20-12-2024 45 | 186 | 2024-12-20 | 0.1 - 0.2 | 0.13 | Out |
Call | OVV Option Call 20-12-2024 46 | 397 | 2024-12-20 | 0.05 - 0.15 | 0.11 | Out |
Call | OVV Option Call 20-12-2024 47 | 584 | 2024-12-20 | 0.0 - 1.0 | 0.05 | Out |
Call | OVV Option Call 20-12-2024 48 | 1518 | 2024-12-20 | 0.0 - 0.25 | 0.1 | Out |
Call | OVV Option Call 20-12-2024 49 | 2836 | 2024-12-20 | 0.0 - 0.05 | 0.1 | Out |
Call | OVV Option Call 20-12-2024 50 | 1110 | 2024-12-20 | 0.0 - 0.05 | 0.06 | Out |
Put | OVV Option Put 20-12-2024 33 | 3 | 2024-12-20 | 0.0 - 1.0 | 0.5 | Out |
Put | OVV Option Put 20-12-2024 35 | 13 | 2024-12-20 | 0.0 - 0.3 | 0.05 | Out |
Put | OVV Option Put 20-12-2024 36 | 183 | 2024-12-20 | 0.0 - 0.1 | 0.04 | Out |
Put | OVV Option Put 20-12-2024 37 | 24 | 2024-12-20 | 0.0 - 0.3 | 0.1 | Out |
Put | OVV Option Put 20-12-2024 38 | 22 | 2024-12-20 | 0.05 - 0.15 | 0.2 | Out |
Put | OVV Option Put 20-12-2024 39 | 62 | 2024-12-20 | 0.1 - 0.2 | 0.25 | Out |
Put | OVV Option Put 20-12-2024 40 | 585 | 2024-12-20 | 0.2 - 0.3 | 0.23 | Out |
Put | OVV Option Put 20-12-2024 41 | 119 | 2024-12-20 | 0.4 - 0.5 | 0.9 | Out |
Put | OVV Option Put 20-12-2024 42 | 222 | 2024-12-20 | 0.8 - 0.9 | 1.5 | Out |
Put | OVV Option Put 20-12-2024 43 | 149 | 2024-12-20 | 1.4 - 1.5 | 2.47 | In |
Put | OVV Option Put 20-12-2024 44 | 257 | 2024-12-20 | 2.15 - 2.3 | 3.09 | In |
Put | OVV Option Put 20-12-2024 45 | 717 | 2024-12-20 | 3.0 - 3.2 | 2.45 | In |
Put | OVV Option Put 20-12-2024 46 | 166 | 2024-12-20 | 3.7 - 4.2 | 1.7 | In |
Put | OVV Option Put 20-12-2024 47 | 14 | 2024-12-20 | 4.8 - 5.9 | 4.4 | In |
Put | OVV Option Put 20-12-2024 48 | 9 | 2024-12-20 | 4.3 - 6.9 | 4.5 | In |
Put | OVV Option Put 20-12-2024 49 | 0 | 2024-12-20 | 3.1 - 5.9 | 10.5 | In |
Put | OVV Option Put 20-12-2024 50 | 24 | 2024-12-20 | 7.3 - 8.3 | 6.0 | In |
Ovintiv Market Cap Over Time
Market Cap |
| Timeline |
Ovintiv Total Stockholder Equity
Total Stockholder Equity |
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Ovintiv Corporate Management
| Rachel CHRP | Executive Services | Profile | |
| Brendan McCracken | Executive Vice President - Corporate Development and External Relations | Profile | |
| Michael McAllister | President | Profile | |
| Joanne Alexander | Executive Vice President General Counsel, Corporate Secretary | Profile | |
| Renee Zemljak | Executive Vice President of Midstream, Marketing and Fundamentals | Profile |
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.