2024-05-17 PUT at $4.0 Option on GoPro Inc
| GPRO Stock | USD 1.91 0.01 0.52% |
2024-05-17 PUT at $4.0 is a PUT option contract on GoPro's common stock with a strick price of 4.0 expiring on 2024-05-17. The contract was last traded on 2024-05-03 at 12:59:45 for $2.05 and, as of today, has 13 days remaining before the expiration. The option is currently trading at a bid price of $1.7, and an ask price of $2.45. The implied volatility as of the 4th of May is 549.22.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoPro Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
GoPro |
A put option written on GoPro becomes more valuable as the price of GoPro drops. Conversely, GoPro's put option loses its value as GoPro Stock rises. When exercised, put options on GoPro produce a short position in GoPro Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on GoPro's downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that GoPro Inc will have an average daily up or down price movement of about 34.33% per day over the life of the option. With GoPro trading at USD 1.91, that is roughly USD 0.66. If you think that the market is fully understating GoPro's daily price movement you should consider buying GoPro Inc options at that current volatility level of 549.22%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Put Option on GoPro
An 'In The Money' option is one with a strike price that the current stock price has already surpassed. Some options investors can hedge their GoPro positions using in-the-money options. They may also want to buy options with some intrinsic value, not just time value. However, because in-the-money options on GoPro Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
| Put Contract Name | 2024-05-17 PUT at $4.0 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 13 |
| Last Traded On | 2024-05-03 12:59:45 |
| Contract Period | MONTHLY |
| Open Interest | 2 |
| Current Trading Volume | 2.0 |
| Strike Price | 4.0 |
| Last Traded At | 2.05 |
| Current Price Spread | 1.7 | 2.45 |
| Rule 16 Daily Up or Down | USD0.66 |
GoPro short PUT Option Greeks
GoPro's Option Greeks for the contract ending on 2024-05-17 at a strike price of 4.0 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 GoPro's option greeks, its implied volatility helps estimate the risk of GoPro stock implied by the prices of the options on GoPro's stock.
| Delta | -0.5752 | |
| Gamma | 0.1973 | |
| Theta | -0.0296 | |
| Vega | 0.0014 | |
| Rho | -0.001 |
GoPro long PUT Option Payoff at expiration
Put options written on GoPro grant holders of the option the right to sell a specified amount of GoPro 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 GoPro Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on GoPro is like buying insurance aginst GoPro's downside shift.
Profit |
| GoPro Price At Expiration |
GoPro short PUT Option Payoff at expiration
By selling GoPro's put option, the investors signal their bearish sentiment. A short position in a put option written on GoPro will generally make money when the underlying price is above the strike price. Therefore GoPro's put payoff at expiration depends on where the GoPro Stock price is relative to the put option strike price. The breakeven price of 1.55 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 GoPro's price. Finally, at the strike price of 4.0, the payoff chart is constant and positive.
Profit |
| GoPro Price At Expiration |
GoPro Inc Available Put Options
GoPro's option chain is a display of a range of information that helps investors for ways to trade options on GoPro. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for GoPro. It also shows strike prices and maturity days for a GoPro 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 $2.0 | -0.5866 | 1.4821 | 349 | 2024-05-17 | 0.15 - 0.25 | 0.15 | In |
Put | 2024-05-17 PUT at $3.0 | -0.7072 | 0.3294 | 9 | 2024-05-17 | 0.95 - 1.5 | 1.15 | In |
Put | 2024-05-17 PUT at $4.0 | -0.5752 | 0.1973 | 2 | 2024-05-17 | 1.7 - 2.45 | 2.05 | In |
Put | 2024-05-17 PUT at $5.0 | -0.745 | 0.192 | 0 | 2024-05-17 | 3.0 - 3.5 | 3.2 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in GoPro 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?
Run Portfolio Optimization Now
Portfolio OptimizationCompute new portfolio that will generate highest expected return given your specified tolerance for risk |
| All Next | Launch Module |
GoPro Corporate Directors
GoPro corporate directors refer to members of a GoPro board of directors. The board of directors generally takes responsibility for the GoPro'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 GoPro's board members must vote for the resolution. The GoPro board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Tyrone AhmadTaylor | Independent Director | Profile | |
| Zander Lurie | Director | Profile | |
| Jim Lanzone | Director | Profile | |
| Peter Gotcher | Independent Director | Profile |
Already Invested in GoPro Inc?
The danger of trading GoPro Inc 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 GoPro 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 GoPro. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile GoPro Inc 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 GoPro Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of GoPro's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gopro Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gopro Inc Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoPro Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for GoPro Stock analysis
When running GoPro's price analysis, check to measure GoPro'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 GoPro is operating at the current time. Most of GoPro's value examination focuses on studying past and present price action to predict the probability of GoPro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GoPro's price. Additionally, you may evaluate how the addition of GoPro to your portfolios can decrease your overall portfolio volatility.
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Stocks Directory Find actively traded stocks across global markets | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |
Is GoPro'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 GoPro. If investors know GoPro 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 GoPro 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 (0.94) | Earnings Share (0.35) | Revenue Per Share 6.557 | Quarterly Revenue Growth (0.08) | Return On Assets (0.05) |
The market value of GoPro Inc is measured differently than its book value, which is the value of GoPro that is recorded on the company's balance sheet. Investors also form their own opinion of GoPro's value that differs from its market value or its book value, called intrinsic value, which is GoPro'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 GoPro's market value can be influenced by many factors that don't directly affect GoPro'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 GoPro's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoPro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoPro'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.