MDT240328P00086000 Option on Medtronic PLC
| MDT Stock | USD 79.74 0.49 0.62% |
Medtronic PLC's option chain provides insight into all available option contracts written on Medtronic PLC's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Medtronic PLC's stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given Medtronic option contract.
In The Money vs. Out of Money Option Contracts on Medtronic PLC
Analyzing Medtronic PLC's in-the-money options over time can help investors to take a profitable long position in Medtronic PLC regardless of its overall volatility. This is especially true when Medtronic PLC's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Medtronic PLC's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Medtronic PLC's stock while costing only a fraction of its price.
Medtronic PLC's latest option contracts expiring on 2024-04-26 are carrying combined implied volatility of 19.96 with a put-to-call open interest ratio of 1.42 over 78 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on 2024-04-26. The current put volume is at 716, with calls trading at the volume of 322. This yields a 2.22 put-to-call volume ratio. The Medtronic PLC option chain provides detailed quote and price information for the current Medtronic PLC option contracts. It shows all of Medtronic PLC's listed puts, calls, expiration dates, strike prices, and other pricing information.
Open Interest Against 2024-04-26 Option Contracts
Medtronic PLC 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 Medtronic PLC's lending market. For example, when Medtronic PLC'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 Medtronic PLC, he or she must hedge the risk by shorting Medtronic PLC stock over its option's life.
2024-04-26
The chart above shows Medtronic PLC'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. Medtronic PLC's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Medtronic PLC's option, there is no secondary market available for investors to trade.
Medtronic PLC's stock options are financial instruments that give investors the right to buy or sell shares of Medtronic PLC common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Medtronic stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Medtronic PLC's stock price goes up or down, the stock options follow.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medtronic PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Please note that buying 'in-the-money' options on Medtronic PLC lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Medtronic PLC's value remains static through the expiration date, the investor can sell to close an 'in-the-money' option to avoid a potential loss. However, in-the-money Medtronic PLC contracts are usually more expensive to enter than their out-of-the-money counterparts. So keep in mind that while the payoffs on an in-the-money trade can be high, the investors could ultimately experience a more consequential loss if Medtronic Stock moves the wrong way.
At this time, Medtronic PLC's Total Stockholder Equity is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 109.8 B in 2024, whereas Sale Purchase Of Stock is likely to drop (609.5 M) in 2024. Medtronic PLC In The Money Call Balance
When Medtronic PLC's strike price is surpassing the current stock price, the option contract against Medtronic PLC stock is said to be in the money. When it comes to buying Medtronic PLC'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 Medtronic PLC 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.
Medtronic Current Options Market Mood
Medtronic PLC'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 Medtronic 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
Most options investors, including buyers and sellers of Medtronic PLC's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Medtronic PLC'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. Using current Medtronic PLC's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.
Rule 16 of the current Medtronic contract
Base on the Rule 16, the options market is currently suggesting that Medtronic PLC will have an average daily up or down price movement of about 1.25% per day over the life of the 2024-04-26 option contract. With Medtronic PLC trading at USD 79.74, that is roughly USD 0.99. If you think that the market is fully incorporating Medtronic PLC's daily price movement you should consider buying Medtronic PLC options at the current volatility level of 19.96%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Medtronic |
Purchasing Medtronic PLC 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" Medtronic calls. Remember, the seller must deliver Medtronic PLC stock to the call owner when a call is exercised.
Medtronic PLC Option Chain
When Medtronic PLC's strike price is surpassing the current stock price, the option contract against Medtronic PLC 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.
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Medtronic PLC's option chain is a display of a range of information that helps investors for ways to trade options on Medtronic. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Medtronic. It also shows strike prices and maturity days for a Medtronic PLC 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 | |||
Call | 2024-04-26 CALL at $50.0 | 0.904 | 0.005 | 0 | 2024-04-26 | 27.7 - 31.6 | 0.0 | In |
Call | 2024-04-26 CALL at $55.0 | 0.8899 | 0.0067 | 0 | 2024-04-26 | 22.95 - 26.5 | 0.0 | In |
Call | 2024-04-26 CALL at $60.0 | 0.9967 | 0.0012 | 0 | 2024-04-26 | 17.5 - 22.0 | 0.0 | In |
Call | 2024-04-26 CALL at $65.0 | 0.8246 | 0.0128 | 0 | 2024-04-26 | 12.5 - 16.9 | 0.0 | In |
Call | 2024-04-26 CALL at $67.0 | 0.9954 | 0.0024 | 0 | 2024-04-26 | 10.5 - 15.0 | 0.0 | In |
Call | 2024-04-26 CALL at $68.0 | 0.9769 | 0.0084 | 0 | 2024-04-26 | 9.6 - 14.0 | 0.0 | In |
Call | 2024-04-26 CALL at $69.0 | 0.8185 | 0.0188 | 0 | 2024-04-26 | 8.7 - 12.25 | 0.0 | In |
Call | 2024-04-26 CALL at $70.0 | 0.8031 | 0.0205 | 0 | 2024-04-26 | 7.85 - 11.35 | 0.0 | In |
Call | 2024-04-26 CALL at $71.0 | 0.7774 | 0.0218 | 0 | 2024-04-26 | 6.75 - 10.65 | 0.0 | In |
Call | 2024-04-26 CALL at $72.0 | 0.8029 | 0.0268 | 0 | 2024-04-26 | 5.65 - 8.95 | 7.1 | In |
Call | 2024-04-26 CALL at $73.0 | 0.7447 | 0.0265 | 0 | 2024-04-26 | 4.7 - 8.75 | 0.0 | In |
Call | 2024-04-26 CALL at $74.0 | 0.755 | 0.0333 | 0 | 2024-04-26 | 3.7 - 7.2 | 0.0 | In |
Call | 2024-04-26 CALL at $75.0 | 0.7112 | 0.0346 | 0 | 2024-04-26 | 2.79 - 6.65 | 0.0 | In |
Call | 2024-04-26 CALL at $76.0 | 0.7011 | 0.0432 | 0 | 2024-04-26 | 1.93 - 5.35 | 3.7 | In |
Call | 2024-04-26 CALL at $77.0 | 0.6872 | 0.057 | 0 | 2024-04-26 | 1.28 - 4.05 | 2.54 | In |
Call | 2024-04-26 CALL at $78.0 | 0.6637 | 0.0817 | 47 | 2024-04-26 | 1.15 - 2.77 | 1.5 | In |
Call | 2024-04-26 CALL at $79.0 | 0.6375 | 0.1695 | 142 | 2024-04-26 | 0.49 - 1.3 | 0.58 | In |
Call | 2024-04-26 CALL at $80.0 | 0.1037 | 0.8901 | 670 | 2024-04-26 | 0.0 - 0.03 | 0.01 | Out |
Call | 2024-04-26 CALL at $81.0 | 0.0364 | 0.1151 | 3249 | 2024-04-26 | 0.0 - 0.01 | 0.01 | Out |
Call | 2024-04-26 CALL at $82.0 | 0.0239 | 0.0502 | 328 | 2024-04-26 | 0.0 - 0.01 | 0.01 | Out |
Call | 2024-04-26 CALL at $86.0 | 0.0112 | 0.0112 | 70 | 2024-04-26 | 0.0 - 0.7 | 0.01 | Out |
Call | 2024-04-26 CALL at $88.0 | 0.0091 | 0.0075 | 387 | 2024-04-26 | 0.0 - 0.04 | 0.01 | Out |
Put | 2024-04-26 PUT at $110.0 | -0.831 | 0.0108 | 0 | 2024-04-26 | 28.4 - 32.1 | 0.0 | In |
Put | 2024-04-26 PUT at $105.0 | -0.9757 | 0.0053 | 0 | 2024-04-26 | 23.4 - 27.3 | 0.0 | In |
Put | 2024-04-26 PUT at $100.0 | -0.9924 | 0.0029 | 0 | 2024-04-26 | 18.05 - 22.5 | 0.0 | In |
Put | 2024-04-26 PUT at $98.0 | -0.9835 | 0.0055 | 0 | 2024-04-26 | 16.45 - 20.15 | 0.0 | In |
Put | 2024-04-26 PUT at $97.0 | -0.9434 | 0.012 | 0 | 2024-04-26 | 15.7 - 19.25 | 0.0 | In |
Put | 2024-04-26 PUT at $96.0 | -0.9681 | 0.0092 | 0 | 2024-04-26 | 14.45 - 18.25 | 0.0 | In |
Put | 2024-04-26 PUT at $95.0 | -0.757 | 0.0181 | 0 | 2024-04-26 | 13.0 - 17.5 | 0.0 | In |
Put | 2024-04-26 PUT at $94.0 | -0.9472 | 0.0137 | 0 | 2024-04-26 | 12.5 - 16.35 | 0.0 | In |
Put | 2024-04-26 PUT at $93.0 | -0.934 | 0.0163 | 0 | 2024-04-26 | 11.8 - 15.15 | 0.0 | In |
Put | 2024-04-26 PUT at $92.0 | -0.7737 | 0.0221 | 0 | 2024-04-26 | 10.45 - 13.9 | 0.0 | In |
Put | 2024-04-26 PUT at $91.0 | -0.7629 | 0.0234 | 0 | 2024-04-26 | 9.45 - 12.95 | 0.0 | In |
Put | 2024-04-26 PUT at $90.0 | -0.7448 | 0.0246 | 0 | 2024-04-26 | 8.15 - 12.1 | 3.24 | In |
Put | 2024-04-26 PUT at $89.0 | -0.7323 | 0.0263 | 0 | 2024-04-26 | 7.3 - 11.15 | 5.28 | In |
Put | 2024-04-26 PUT at $88.0 | -0.9719 | 0.0159 | 0 | 2024-04-26 | 6.25 - 10.35 | 0.0 | In |
Put | 2024-04-26 PUT at $87.0 | -0.9694 | 0.0189 | 0 | 2024-04-26 | 5.3 - 9.3 | 4.67 | In |
Put | 2024-04-26 PUT at $86.0 | -0.9828 | 0.0151 | 91 | 2024-04-26 | 4.25 - 8.3 | 6.4 | In |
Put | 2024-04-26 PUT at $85.0 | -0.9473 | 0.0346 | 31 | 2024-04-26 | 3.5 - 7.15 | 6.0 | In |
Put | 2024-04-26 PUT at $84.0 | -0.7468 | 0.0541 | 21 | 2024-04-26 | 2.29 - 5.6 | 5.12 | In |
Put | 2024-04-26 PUT at $83.0 | -0.6303 | 0.0455 | 123 | 2024-04-26 | 1.27 - 5.25 | 3.42 | In |
Put | 2024-04-26 PUT at $82.0 | -0.8449 | 0.1102 | 13 | 2024-04-26 | 1.96 - 2.62 | 2.43 | In |
Put | 2024-04-26 PUT at $81.0 | -0.7994 | 0.191 | 6451 | 2024-04-26 | 0.94 - 2.14 | 1.42 | In |
Put | 2024-04-26 PUT at $80.0 | -0.6298 | 0.4957 | 383 | 2024-04-26 | 0.1 - 0.45 | 0.24 | In |
Put | 2024-04-26 PUT at $79.0 | -0.0816 | 0.2809 | 522 | 2024-04-26 | 0.0 - 0.04 | 0.02 | Out |
Put | 2024-04-26 PUT at $78.0 | -0.028 | 0.0694 | 247 | 2024-04-26 | 0.0 - 0.01 | 0.01 | Out |
Put | 2024-04-26 PUT at $77.0 | -0.0537 | 0.0625 | 77 | 2024-04-26 | 0.0 - 0.01 | 0.04 | Out |
Medtronic PLC Total Stockholder Equity Over Time
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders. Total Stockholder Equity |
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Medtronic PLC Common Stock Shares Outstanding Over Time
The total number of shares of a company's common stock that are currently owned by all its shareholders. Common Stock Shares Outstanding |
| Timeline |
Medtronic Total Stockholder Equity
Total Stockholder Equity |
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Medtronic PLC Corporate Directors
Medtronic PLC corporate directors refer to members of a Medtronic PLC board of directors. The board of directors generally takes responsibility for the Medtronic PLC'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 Medtronic PLC's board members must vote for the resolution. The Medtronic PLC board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Scott Donnelly | Lead Independent Director | Profile | |
| Richard Anderson | Lead Independent Director | Profile | |
| Elizabeth Nabel | Independent Director | Profile | |
| James Lenehan | Independent Director | Profile |
Already Invested in Medtronic PLC?
The danger of trading Medtronic PLC 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 Medtronic PLC 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 Medtronic PLC. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Medtronic PLC 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 Medtronic PLC 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 Medtronic 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 Medtronic Plc Stock. Highlighted below are key reports to facilitate an investment decision about Medtronic Plc Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medtronic PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.Note that the Medtronic PLC information on this page should be used as a complementary analysis to other Medtronic PLC's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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When running Medtronic PLC's price analysis, check to measure Medtronic PLC'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 Medtronic PLC is operating at the current time. Most of Medtronic PLC's value examination focuses on studying past and present price action to predict the probability of Medtronic PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medtronic PLC's price. Additionally, you may evaluate how the addition of Medtronic PLC to your portfolios can decrease your overall portfolio volatility.
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Is Medtronic PLC'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 Medtronic PLC. If investors know Medtronic 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 Medtronic PLC 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 0.078 | Dividend Share 2.75 | Earnings Share 3.15 | Revenue Per Share 24.298 | Quarterly Revenue Growth 0.047 |
The market value of Medtronic PLC is measured differently than its book value, which is the value of Medtronic that is recorded on the company's balance sheet. Investors also form their own opinion of Medtronic PLC's value that differs from its market value or its book value, called intrinsic value, which is Medtronic PLC'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 Medtronic PLC's market value can be influenced by many factors that don't directly affect Medtronic PLC'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 Medtronic PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Medtronic PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Medtronic PLC'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.