Churchill Downs Stock Options
| CHDN Stock | USD 126.00 1.43 1.15% |
Churchill Downs' latest option contracts expiring on March 21st 2025 are carrying combined implied volatility of 0.51 with a put-to-call open interest ratio of 0.39 over 36 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on March 21st 2025.
Open Interest Against March 21st 2025 Option Contracts
2025-03-21
The chart above shows Churchill Downs' 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. Churchill Downs' open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Churchill Downs' option, there is no secondary market available for investors to trade.
Churchill Downs Maximum Pain Price Across 2025-03-21 Option Contracts
Max pain occurs when Churchill Downs' market makers reach a net positive position across all Churchill Downs' options at a strike price where option holders stand to lose the most money. By contrast, Churchill Downs' option sellers may reap the most after selling more options than buying, causing them to expire worthless.
In The Money vs. Out of Money Option Contracts on Churchill Downs
Analyzing Churchill Downs' in-the-money options over time can help investors to take a profitable long position in Churchill Downs regardless of its overall volatility. This is especially true when Churchill Downs' options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Churchill Downs' options could be used as guardians of the underlying stock as they move almost dollar for dollar with Churchill Downs' stock while costing only a fraction of its price.
Please note that buying 'in-the-money' options on Churchill Downs lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Churchill Downs' 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 Churchill Downs 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 Churchill Stock moves the wrong way.
Churchill Downs In The Money Call Balance
When Churchill Downs' strike price is surpassing the current stock price, the option contract against Churchill Downs Incorporated stock is said to be in the money. When it comes to buying Churchill Downs' 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 Churchill Downs Incorporated 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.
Churchill Current Options Market Mood
Churchill Downs' 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 Churchill 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 Churchill Downs' options investors are not very successful. Churchill Downs' 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 Churchill contract
Base on the Rule 16, the options market is currently suggesting that Churchill Downs Incorporated will have an average daily up or down price movement of about 0.0319% per day over the life of the 2025-03-21 option contract. With Churchill Downs trading at USD 126.0, that is roughly USD 0.0402. If you think that the market is fully incorporating Churchill Downs' daily price movement you should consider buying Churchill Downs Incorporated options at the current volatility level of 0.51%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Churchill |
Purchasing Churchill Downs 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" Churchill calls. Remember, the seller must deliver Churchill Downs Incorporated stock to the call owner when a call is exercised.
Churchill Downs Option Chain
When Churchill Downs' strike price is surpassing the current stock price, the option contract against Churchill Downs Incorporated 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.
Churchill Downs' option chain is a display of a range of information that helps investors for ways to trade options on Churchill. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Churchill. It also shows strike prices and maturity days for a Churchill Downs 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 | Strike Price | Current Spread | Last Price | |||
Call | CHDN250321C00100000 | 1 | 100.0 | 25.1 - 29.4 | 44.1 | In |
Call | CHDN250321C00130000 | 48 | 130.0 | 3.4 - 5.0 | 4.2 | Out |
Call | CHDN250321C00135000 | 1 | 135.0 | 1.0 - 3.4 | 7.3 | Out |
Call | CHDN250321C00140000 | 26 | 140.0 | 0.95 - 2.1 | 3.6 | Out |
Call | CHDN250321C00145000 | 9 | 145.0 | 0.2 - 2.7 | 11.0 | Out |
Call | CHDN250321C00150000 | 16 | 150.0 | 0.05 - 2.45 | 4.7 | Out |
Call | CHDN250321C00155000 | 1 | 155.0 | 0.0 - 2.3 | 0.63 | Out |
Call | CHDN250321C00160000 | 0 | 160.0 | 0.0 - 2.25 | 2.25 | |
Call | CHDN250321C00165000 | 5 | 165.0 | 0.0 - 2.2 | 1.9 | Out |
Call | CHDN250321C00170000 | 20 | 170.0 | 0.0 - 2.15 | 0.5 | Out |
Call | CHDN250321C00175000 | 0 | 175.0 | 0.0 - 2.15 | 2.15 | |
Call | CHDN250321C00180000 | 0 | 180.0 | 0.0 - 1.15 | 0.4 | |
Call | CHDN250321C00185000 | 0 | 185.0 | 0.0 - 2.15 | 2.15 | |
Call | CHDN250321C00190000 | 0 | 190.0 | 0.0 - 2.15 | 2.15 | |
Call | CHDN250321C00195000 | 0 | 195.0 | 0.0 - 2.15 | 2.15 | |
Call | CHDN250321C00200000 | 6 | 200.0 | 0.0 - 1.6 | 0.13 | Out |
Call | CHDN250321C00210000 | 0 | 210.0 | 0.0 - 2.15 | 2.15 | |
Put | CHDN250321P00085000 | 1 | 85.0 | 0.0 - 2.15 | 0.46 | Out |
Put | CHDN250321P00105000 | 4 | 105.0 | 0.2 - 1.25 | 0.35 | Out |
Put | CHDN250321P00110000 | 11 | 110.0 | 0.75 - 1.55 | 1.15 | Out |
Put | CHDN250321P00120000 | 1 | 120.0 | 2.45 - 3.3 | 2.61 | Out |
Put | CHDN250321P00125000 | 7 | 125.0 | 3.6 - 5.5 | 2.51 | Out |
Put | CHDN250321P00130000 | 5 | 130.0 | 6.1 - 8.0 | 6.9 | In |
Put | CHDN250321P00135000 | 12 | 135.0 | 7.8 - 12.3 | 7.0 | In |
Put | CHDN250321P00140000 | 10 | 140.0 | 12.1 - 16.1 | 11.0 | In |
Put | CHDN250321P00145000 | 1 | 145.0 | 16.6 - 21.2 | 9.0 | In |
Put | CHDN250321P00160000 | 0 | 160.0 | 31.9 - 36.0 | 31.9 | In |
Put | CHDN250321P00165000 | 0 | 165.0 | 36.9 - 41.0 | 36.9 | In |
Put | CHDN250321P00170000 | 0 | 170.0 | 41.9 - 45.9 | 41.9 | In |
Put | CHDN250321P00175000 | 0 | 175.0 | 46.9 - 50.8 | 46.9 | In |
Put | CHDN250321P00180000 | 0 | 180.0 | 51.9 - 55.9 | 51.9 | In |
Put | CHDN250321P00185000 | 0 | 185.0 | 56.9 - 61.0 | 56.9 | In |
Put | CHDN250321P00190000 | 0 | 190.0 | 62.0 - 65.9 | 62.0 | In |
Put | CHDN250321P00195000 | 0 | 195.0 | 66.8 - 71.0 | 66.8 | In |
Put | CHDN250321P00200000 | 0 | 200.0 | 71.9 - 75.9 | 71.9 | In |
Put | CHDN250321P00210000 | 0 | 210.0 | 81.8 - 86.0 | 81.8 | In |
Churchill Total Stockholder Equity
Total Stockholder Equity |
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Churchill Downs Corporate Executives
Elected by the shareholders, the Churchill Downs' board of directors comprises two types of representatives: Churchill Downs inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Churchill. The board's role is to monitor Churchill Downs' management team and ensure that shareholders' interests are well served. Churchill Downs' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Churchill Downs' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Marcia CPA | Executive CFO | Profile | |
| Nate Simon | Senior CTO | Profile |
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Is Hotels, Restaurants & Leisure 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 Churchill Downs. If investors know Churchill 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 Churchill Downs 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 0.089 | Dividend Share 0.382 | Earnings Share 5.59 | Revenue Per Share | Quarterly Revenue Growth 0.098 |
The market value of Churchill Downs is measured differently than its book value, which is the value of Churchill that is recorded on the company's balance sheet. Investors also form their own opinion of Churchill Downs' value that differs from its market value or its book value, called intrinsic value, which is Churchill Downs' 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 Churchill Downs' market value can be influenced by many factors that don't directly affect Churchill Downs' 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 Churchill Downs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Churchill Downs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Churchill Downs' 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.