2024-05-17 PUT at $46.0 Option on Canadian Imperial Bank
| CM Stock | USD 47.88 0.57 1.20% |
2024-05-17 PUT at $46.0 is a PUT option contract on Canadian Imperial's common stock with a strick price of 46.0 expiring on 2024-05-17. The contract was last traded on 2024-04-22 at 12:21:04 for $0.35 and, as of today, has 14 days remaining before the expiration. The option is currently trading at a bid price of $0.2, and an ask price of $0.3. The implied volatility as of the 4th of May is 19.89.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Imperial Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Canadian |
A put option written on Canadian Imperial becomes more valuable as the price of Canadian Imperial drops. Conversely, Canadian Imperial's put option loses its value as Canadian Stock rises. When exercised, put options on Canadian Imperial produce a short position in Canadian Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Canadian Imperial's downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that Canadian Imperial Bank will have an average daily up or down price movement of about 1.24% per day over the life of the option. With Canadian Imperial trading at USD 47.88, that is roughly USD 0.6. If you think that the market is fully understating Canadian Imperial's daily price movement you should consider buying Canadian Imperial Bank options at that current volatility level of 19.89%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on Canadian Imperial
An 'Out of The Money' option on Canadian has a strike price that Canadian 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 Canadian Imperial's 'Out of The Money' options include buying the options if you expect a big move in Canadian Imperial'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.
| Put Contract Name | 2024-05-17 PUT at $46.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 14 |
| Last Traded On | 2024-04-22 12:21:04 |
| Contract Period | MONTHLY |
| Open Interest | 34 |
| Current Trading Volume | 0.0 |
| Strike Price | 46.0 |
| Last Traded At | 0.35 |
| Current Price Spread | 0.2 | 0.3 |
| Rule 16 Daily Up or Down | USD0.6 |
Canadian short PUT Option Greeks
Canadian Imperial's Option Greeks for the contract ending on 2024-05-17 at a strike price of 46.0 measures the various factors that affect its cost and calculated using a theoretical options pricing model. It helps investors make more informed decisions about whether to trade this option contract or when to trade it. In addition to Canadian Imperial's option greeks, its implied volatility helps estimate the risk of Canadian Imperial stock implied by the prices of the options on Canadian Imperial's stock.
| Delta | -0.229 | |
| Gamma | 0.1643 | |
| Theta | -0.0199 | |
| Vega | 0.028 | |
| Rho | -0.0039 |
Canadian long PUT Option Payoff at expiration
Put options written on Canadian Imperial grant holders of the option the right to sell a specified amount of Canadian Imperial at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Canadian Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Canadian Imperial is like buying insurance aginst Canadian Imperial's downside shift.
Profit |
| Canadian Imperial Price At Expiration |
Canadian short PUT Option Payoff at expiration
By selling Canadian Imperial's put option, the investors signal their bearish sentiment. A short position in a put option written on Canadian Imperial will generally make money when the underlying price is above the strike price. Therefore Canadian Imperial's put payoff at expiration depends on where the Canadian Stock price is relative to the put option strike price. The breakeven price of 45.75 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to Canadian Imperial's price. Finally, at the strike price of 46.0, the payoff chart is constant and positive.
Profit |
| Canadian Imperial Price At Expiration |
Canadian Imperial Bank Available Put Options
Canadian Imperial's option chain is a display of a range of information that helps investors for ways to trade options on Canadian. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Canadian. It also shows strike prices and maturity days for a Canadian Imperial 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.
| Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Put | 2024-05-17 PUT at $40.0 | -0.0292 | 0.0154 | 261 | 2024-05-17 | 0.0 - 0.05 | 0.05 | Out |
Put | 2024-05-17 PUT at $42.0 | -0.0377 | 0.0254 | 149 | 2024-05-17 | 0.0 - 0.15 | 0.05 | Out |
Put | 2024-05-17 PUT at $43.0 | -0.0581 | 0.0395 | 55 | 2024-05-17 | 0.05 - 0.1 | 0.05 | Out |
Put | 2024-05-17 PUT at $44.0 | -0.0701 | 0.0567 | 2217 | 2024-05-17 | 0.05 - 0.1 | 0.1 | Out |
Put | 2024-05-17 PUT at $45.0 | -0.1207 | 0.0973 | 72 | 2024-05-17 | 0.1 - 0.15 | 0.1 | Out |
Put | 2024-05-17 PUT at $46.0 | -0.229 | 0.1643 | 34 | 2024-05-17 | 0.2 - 0.3 | 0.35 | Out |
Put | 2024-05-17 PUT at $47.0 | -0.419 | 0.2317 | 545 | 2024-05-17 | 0.45 - 0.6 | 0.61 | Out |
Put | 2024-05-17 PUT at $48.0 | -0.6718 | 0.2439 | 161 | 2024-05-17 | 1.0 - 1.1 | 1.0 | In |
Put | 2024-05-17 PUT at $49.0 | -0.81 | 0.1467 | 70 | 2024-05-17 | 1.7 - 2.05 | 2.0 | In |
Put | 2024-05-17 PUT at $50.0 | -0.8863 | 0.0904 | 13 | 2024-05-17 | 0.6 - 5.0 | 0.95 | In |
Put | 2024-05-17 PUT at $52.5 | -0.946 | 0.0363 | 0 | 2024-05-17 | 3.0 - 7.5 | 0.0 | In |
Put | 2024-05-17 PUT at $55.0 | -0.9567 | 0.0225 | 0 | 2024-05-17 | 5.5 - 10.0 | 0.0 | In |
Put | 2024-05-17 PUT at $57.5 | -0.963 | 0.016 | 0 | 2024-05-17 | 8.0 - 12.5 | 0.0 | In |
Put | 2024-05-17 PUT at $60.0 | -0.9672 | 0.0143 | 0 | 2024-05-17 | 10.5 - 15.0 | 0.0 | In |
Put | 2024-05-17 PUT at $65.0 | -0.9724 | 0.0083 | 0 | 2024-05-17 | 15.5 - 20.0 | 0.0 | In |
Put | 2024-05-17 PUT at $70.0 | -0.759 | 0.0154 | 0 | 2024-05-17 | 20.2 - 25.0 | 0.0 | In |
Put | 2024-05-17 PUT at $75.0 | -0.7726 | 0.0136 | 0 | 2024-05-17 | 25.2 - 30.0 | 0.0 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Canadian Imperial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Canadian Imperial Corporate Directors
Canadian Imperial corporate directors refer to members of a Canadian Imperial board of directors. The board of directors generally takes responsibility for the Canadian Imperial's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Canadian Imperial's board members must vote for the resolution. The Canadian Imperial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Ronald Tysoe | Independent Director | Profile | |
| Luc Desjardins | Independent Director | Profile | |
| Linda Hasenfratz | Independent Director | Profile | |
| Gary Colter | Independent Director | Profile |
Already Invested in Canadian Imperial Bank?
The danger of trading Canadian Imperial Bank is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Canadian Imperial is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Canadian Imperial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Canadian Imperial Bank is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Canadian Imperial Bank is a strong investment it is important to analyze Canadian Imperial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Canadian Imperial's future performance. For an informed investment choice regarding Canadian Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Imperial Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Canadian Stock analysis
When running Canadian Imperial's price analysis, check to measure Canadian Imperial'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 Canadian Imperial is operating at the current time. Most of Canadian Imperial's value examination focuses on studying past and present price action to predict the probability of Canadian Imperial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Imperial's price. Additionally, you may evaluate how the addition of Canadian Imperial to your portfolios can decrease your overall portfolio volatility.
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Is Canadian Imperial's industry 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 Canadian Imperial. If investors know Canadian 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 Canadian Imperial 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 3.559 | Dividend Share 3.49 | Earnings Share 4.75 | Revenue Per Share 23.121 | Return On Assets 0.0067 |
The market value of Canadian Imperial Bank is measured differently than its book value, which is the value of Canadian that is recorded on the company's balance sheet. Investors also form their own opinion of Canadian Imperial's value that differs from its market value or its book value, called intrinsic value, which is Canadian Imperial'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 Canadian Imperial's market value can be influenced by many factors that don't directly affect Canadian Imperial'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 Canadian Imperial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Imperial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Imperial'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.