2024-05-17 PUT at $62.5 Option on Kellanova
| K Stock | USD 60.51 0.77 1.26% |
2024-05-17 PUT at $62.5 is a PUT option contract on Kellanova's common stock with a strick price of 62.5 expiring on 2024-05-17. The contract was last traded on 2024-05-02 at 14:57:10 for $1.68 and, as of today, has 14 days remaining before the expiration. The option is currently trading at a bid price of $1.65, and an ask price of $2.75. The implied volatility as of the 4th of May is 20.2.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kellanova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy Kellanova Stock please use our How to buy in Kellanova Stock guide.
Kellanova |
A put option written on Kellanova becomes more valuable as the price of Kellanova drops. Conversely, Kellanova's put option loses its value as Kellanova Stock rises. When exercised, put options on Kellanova produce a short position in Kellanova Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Kellanova's downside price movement.
Rule 16 of 2024-05-17 Option Contract
The options market is anticipating that Kellanova will have an average daily up or down price movement of about 1.26% per day over the life of the option. With Kellanova trading at USD 60.51, that is roughly USD 0.76. If you think that the market is fully understating Kellanova's daily price movement you should consider buying Kellanova options at that current volatility level of 20.2%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
In The Money Put Option on Kellanova
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 Kellanova 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 Kellanova 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 $62.5 |
| Expires On | 2024-05-17 |
| Days Before Expriration | 14 |
| Last Traded On | 2024-05-02 14:57:10 |
| Contract Period | MONTHLY |
| Open Interest | 3 |
| Current Trading Volume | 187.0 |
| Strike Price | 62.5 |
| Last Traded At | 1.68 |
| Current Price Spread | 1.65 | 2.75 |
| Rule 16 Daily Up or Down | USD0.76 |
Kellanova short PUT Option Greeks
Kellanova's Option Greeks for the contract ending on 2024-05-17 at a strike price of 62.5 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 Kellanova's option greeks, its implied volatility helps estimate the risk of Kellanova stock implied by the prices of the options on Kellanova's stock.
| Delta | -0.6799 | |
| Gamma | 0.1483 | |
| Theta | -0.0291 | |
| Vega | 0.0428 | |
| Rho | -0.0132 |
Kellanova long PUT Option Payoff at expiration
Put options written on Kellanova grant holders of the option the right to sell a specified amount of Kellanova 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 Kellanova Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Kellanova is like buying insurance aginst Kellanova's downside shift.
Profit |
| Kellanova Price At Expiration |
Kellanova short PUT Option Payoff at expiration
By selling Kellanova's put option, the investors signal their bearish sentiment. A short position in a put option written on Kellanova will generally make money when the underlying price is above the strike price. Therefore Kellanova's put payoff at expiration depends on where the Kellanova Stock price is relative to the put option strike price. The breakeven price of 60.82 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 Kellanova's price. Finally, at the strike price of 62.5, the payoff chart is constant and positive.
Profit |
| Kellanova Price At Expiration |
Kellanova Available Put Options
Kellanova's option chain is a display of a range of information that helps investors for ways to trade options on Kellanova. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Kellanova. It also shows strike prices and maturity days for a Kellanova 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 $50.0 | -0.0104 | 0.005 | 45 | 2024-05-17 | 0.0 - 0.05 | 0.02 | Out |
Put | 2024-05-17 PUT at $55.0 | -0.0542 | 0.0259 | 869 | 2024-05-17 | 0.0 - 0.1 | 0.1 | Out |
Put | 2024-05-17 PUT at $57.5 | -0.0953 | 0.0552 | 271 | 2024-05-17 | 0.05 - 0.15 | 0.14 | Out |
Put | 2024-05-17 PUT at $60.0 | -0.306 | 0.1278 | 60 | 2024-05-17 | 0.45 - 0.55 | 0.55 | Out |
Put | 2024-05-17 PUT at $62.5 | -0.6799 | 0.1483 | 3 | 2024-05-17 | 1.65 - 2.75 | 1.68 | In |
Put | 2024-05-17 PUT at $65.0 | -0.785 | 0.0674 | 0 | 2024-05-17 | 2.15 - 4.2 | 0.0 | In |
Put | 2024-05-17 PUT at $67.5 | -0.7491 | 0.0399 | 0 | 2024-05-17 | 4.6 - 7.3 | 0.0 | In |
Put | 2024-05-17 PUT at $70.0 | -0.9158 | 0.0492 | 0 | 2024-05-17 | 7.0 - 10.8 | 0.0 | In |
Put | 2024-05-17 PUT at $75.0 | -0.9347 | 0.0162 | 0 | 2024-05-17 | 12.7 - 15.1 | 0.0 | In |
Put | 2024-05-17 PUT at $80.0 | -0.8002 | 0.0168 | 0 | 2024-05-17 | 17.0 - 20.3 | 0.0 | In |
Put | 2024-05-17 PUT at $85.0 | -0.9094 | 0.0118 | 0 | 2024-05-17 | 23.1 - 25.3 | 0.0 | In |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Kellanova 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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Kellanova Corporate Directors
Kellanova corporate directors refer to members of a Kellanova board of directors. The board of directors generally takes responsibility for the Kellanova'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 Kellanova's board members must vote for the resolution. The Kellanova board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Marcella Kain | Senior Director | Profile | |
| Mary Laschinger | Independent Director | Profile | |
| Donald Knauss | Lead Independent Director | Profile | |
| Erica Mann | Independent Director | Profile |
Already Invested in Kellanova?
The danger of trading Kellanova 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 Kellanova 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 Kellanova. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Kellanova 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 Kellanova is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Kellanova Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Kellanova Stock. Highlighted below are key reports to facilitate an investment decision about Kellanova Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kellanova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy Kellanova Stock please use our How to buy in Kellanova Stock guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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When running Kellanova's price analysis, check to measure Kellanova'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 Kellanova is operating at the current time. Most of Kellanova's value examination focuses on studying past and present price action to predict the probability of Kellanova's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kellanova's price. Additionally, you may evaluate how the addition of Kellanova to your portfolios can decrease your overall portfolio volatility.
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Is Kellanova'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 Kellanova. If investors know Kellanova 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 Kellanova 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 (0.13) | Dividend Share 2.34 | Earnings Share 2.25 | Revenue Per Share 38.359 | Quarterly Revenue Growth (0.17) |
The market value of Kellanova is measured differently than its book value, which is the value of Kellanova that is recorded on the company's balance sheet. Investors also form their own opinion of Kellanova's value that differs from its market value or its book value, called intrinsic value, which is Kellanova'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 Kellanova's market value can be influenced by many factors that don't directly affect Kellanova'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 Kellanova's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kellanova is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kellanova'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.