UVE241220P00019870 Option on Universal Insurance
| UVE Stock | USD 21.51 0.29 1.37% |
Universal Insurance's latest option contracts expiring on 2024-12-20 are carrying combined implied volatility of 0.64 with a put-to-call open interest ratio of 0.22 over 16 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2024-12-20. The total put volume is at 3.0, with calls trading at the volume of 3.0. This yields a 0.2 put-to-call volume ratio.
Open Interest Against 2024-12-20 Option Contracts
2024-12-20
The chart above shows Universal Insurance'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. Universal Insurance's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Universal Insurance's option, there is no secondary market available for investors to trade.
In The Money vs. Out of Money Option Contracts on Universal Insurance
Analyzing Universal Insurance's in-the-money options over time can help investors to take a profitable long position in Universal Insurance regardless of its overall volatility. This is especially true when Universal Insurance's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Universal Insurance's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Universal Insurance's stock while costing only a fraction of its price.
Universal Insurance's stock options are financial instruments that give investors the right to buy or sell shares of Universal Insurance common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Universal stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Universal Insurance's stock price goes up or down, the stock options follow.
At present, Universal Insurance's Common Stock Shares Outstanding is projected to decrease significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 2.4 B, whereas Common Stock Total Equity is forecasted to decline to about 513.5 K. Universal Insurance In The Money Call Balance
When Universal Insurance's strike price is surpassing the current stock price, the option contract against Universal Insurance Holdings stock is said to be in the money. When it comes to buying Universal Insurance'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 Universal Insurance Holdings 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.
Universal Current Options Market Mood
Universal Insurance'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 Universal 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 Universal Insurance's options investors are not very successful. Universal Insurance'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 Universal contract
Base on the Rule 16, the options market is currently suggesting that Universal Insurance Holdings will have an average daily up or down price movement of about 0.04% per day over the life of the 2024-12-20 option contract. With Universal Insurance trading at USD 21.51, that is roughly USD 0.008604. If you think that the market is fully incorporating Universal Insurance's daily price movement you should consider buying Universal Insurance Holdings options at the current volatility level of 0.64%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
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Purchasing Universal Insurance 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" Universal calls. Remember, the seller must deliver Universal Insurance Holdings stock to the call owner when a call is exercised.
Universal Insurance Option Chain
When Universal Insurance's strike price is surpassing the current stock price, the option contract against Universal Insurance Holdings 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.
Universal Insurance's option chain is a display of a range of information that helps investors for ways to trade options on Universal. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Universal. It also shows strike prices and maturity days for a Universal Insurance 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 | UVE Option Call 20-12-2024 19 | 75 | 2024-12-20 | 1.15 - 2.25 | 2.78 | In |
Call | UVE Option Call 20-12-2024 20 | 75 | 2024-12-20 | 0.0 - 0.0 | 2.78 | In |
Call | UVE Option Call 20-12-2024 22 | 15 | 2024-12-20 | 0.05 - 0.95 | 0.6 | Out |
Call | UVE Option Call 20-12-2024 22 | 18 | 2024-12-20 | 0.0 - 0.0 | 0.7 | Out |
Call | UVE Option Call 20-12-2024 24 | 22 | 2024-12-20 | 0.0 - 0.75 | 0.11 | Out |
Call | UVE Option Call 20-12-2024 25 | 22 | 2024-12-20 | 0.0 - 0.0 | 0.11 | Out |
Put | UVE Option Put 20-12-2024 12 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.05 | |
Put | UVE Option Put 20-12-2024 12 | 2 | 2024-12-20 | 0.0 - 0.75 | 0.05 | Out |
Put | UVE Option Put 20-12-2024 14 | 3 | 2024-12-20 | 0.0 - 0.75 | 0.12 | Out |
Put | UVE Option Put 20-12-2024 15 | 3 | 2024-12-20 | 0.0 - 0.0 | 0.12 | Out |
Put | UVE Option Put 20-12-2024 17 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.09 | |
Put | UVE Option Put 20-12-2024 17 | 27 | 2024-12-20 | 0.0 - 0.0 | 0.09 | Out |
Put | UVE Option Put 20-12-2024 19 | 1 | 2024-12-20 | 0.0 - 0.2 | 0.25 | Out |
Put | UVE Option Put 20-12-2024 20 | 1 | 2024-12-20 | 0.0 - 0.0 | 0.25 | Out |
Put | UVE Option Put 20-12-2024 22 | 6 | 2024-12-20 | 0.85 - 1.7 | 0.5 | In |
Put | UVE Option Put 20-12-2024 22 | 6 | 2024-12-20 | 0.0 - 0.0 | 0.5 | In |
Universal Total Stockholder Equity
Total Stockholder Equity |
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Universal Insurance Corporate Directors
| Ozzie Schindler | Independent Director | Profile | |
| Richard Peterson | Independent Director | Profile | |
| Michael Pietrangelo | Lead Independent Director | Profile | |
| Jon Springer | COO, Executive VP, Director and Member of Investment Committee | Profile |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Universal Insurance Holdings. 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. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Property & Casualty Insurance 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 Universal Insurance. If investors know Universal 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 Universal Insurance 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 0.301 | Dividend Share 0.64 | Earnings Share 2.48 | Revenue Per Share 52.62 | Quarterly Revenue Growth 0.076 |
The market value of Universal Insurance is measured differently than its book value, which is the value of Universal that is recorded on the company's balance sheet. Investors also form their own opinion of Universal Insurance's value that differs from its market value or its book value, called intrinsic value, which is Universal Insurance'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 Universal Insurance's market value can be influenced by many factors that don't directly affect Universal Insurance'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 Universal Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Universal Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Universal Insurance'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.