CHDN Option Call 20-12-2024 195 Option on Churchill Downs
CHDN Stock | USD 140.26 2.52 1.76% |
CHDN Option Call 20-12-2024 195 is a CALL option contract on Churchill Downs' common stock with a strick price of 195.0 expiring on 2024-12-20. The contract was last traded on 2023-10-23 at 14:10:00 for $1.2 and, as of today, has 17 days remaining before the expiration. The option is currently trading at a bid price of $0.6, and an ask price of $4.3. The implied volatility as of the 3rd of December is 17.0.
Churchill |
The strike price represents the predetermined price at which a call buyer can buy Churchill Stock. Call options may be purchased for speculation or sold for income purposes, or simply combined for various spread or combination strategies. If Churchill Downs' price is above the strike price at expiry, the profit is the current Churchill Downs' stock price, minus the strike price and the premium.
Rule 16 of 2024-12-20 Option Contract
The options market is anticipating that Churchill Downs Incorporated will have an average daily up or down price movement of about 0.0734% per day over the life of the option. With Churchill Downs trading at USD 140.26, that is roughly USD 0.1. If you think that the market is fully understating Churchill Downs' daily price movement you should consider buying Churchill Downs Incorporated options at that current volatility level of 1.17%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Call Option on Churchill Downs
An 'Out of The Money' option on Churchill has a strike price that Churchill 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 Churchill Downs' 'Out of The Money' options include buying the options if you expect a big move in Churchill Downs' 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.
Call Contract Name | CHDN Option Call 20-12-2024 195 |
Expires On | 2024-12-20 |
Days Before Expriration | 17 |
Last Traded On | 2023-10-23 14:10:00 |
Open Interest | 2 |
Current Trading Volume | 4.0 |
Strike Price | 195.0 |
Last Traded At | 1.2 |
Current Price Spread | 0.6 | 4.3 |
Rule 16 Daily Up or Down | USD 0.1 |
Churchill long CALL Option Payoff at expiration
Buying Churchill Downs' call option is the simplest of option trades. A call option on Churchill Stock gives investors the right (but not the obligation) to purchase Churchill Downs at the given strike price. Therefore Churchill Downs' call intrinsic value or payoff at expiration depends on where the Churchill Stock price is relative to the call option strike price. The strike price of 195.0 is the critical point that divides the payoff function into two parts. Below the strike, the payoff chart is constant and negative (the trade is a loss). Above the strike, the payoff line is upward sloping as the option payoff rises in proportion with Churchill Downs' price. Finally, at the break-even point of 195.0, the line crosses zero, and trading Churchill becomes profitable.
Profit |
Churchill Downs Price At Expiration |
Churchill short CALL Option Payoff at expiration
By selling Churchill Downs' call option, the investors signals his or her bearish sentiment. A short position in a call option written on Churchill Downs will generally make money when the underlying price goes down. Therefore Churchill Downs' call intrinsic value or payoff at expiration depends on where the Churchill Stock price is relative to the call option strike price. The strike price of 195.0 is the critical point that divides the payoff function into two parts. Below the strike, the payoff chart is constant and positive (the seller makes a profit). Above the strike, the payoff line is downward sloping as the option payoff drops in proportion to Churchill Downs' price. Finally, at the break-even point of 195.0, the line crosses zero, and trading Churchill becomes disadvantageous with no downside limits.
Profit |
Churchill Downs Price At Expiration |
Churchill Downs Available Call Options
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 | Expiration | Current Spread | Last Price | |||
Call | CHDN Option Call 20-12-2024 80 | 2 | 2024-12-20 | 43.0 - 48.0 | 39.95 | In |
Call | CHDN Option Call 20-12-2024 85 | 6 | 2024-12-20 | 53.7 - 58.5 | 52.05 | In |
Call | CHDN Option Call 20-12-2024 90 | 0 | 2024-12-20 | 43.1 - 47.5 | 35.0 | In |
Call | CHDN Option Call 20-12-2024 110 | 4 | 2024-12-20 | 27.1 - 31.5 | 31.58 | In |
Call | CHDN Option Call 20-12-2024 115 | 13 | 2024-12-20 | 19.6 - 24.4 | 26.5 | In |
Call | CHDN Option Call 20-12-2024 120 | 2 | 2024-12-20 | 19.5 - 23.4 | 20.15 | In |
Call | CHDN Option Call 20-12-2024 125 | 4 | 2024-12-20 | 15.5 - 18.3 | 23.39 | In |
Call | CHDN Option Call 20-12-2024 130 | 0 | 2024-12-20 | 0.0 - 0.0 | 12.91 | In |
Call | CHDN Option Call 20-12-2024 135 | 0 | 2024-12-20 | 0.0 - 0.0 | 8.8 | In |
Call | CHDN Option Call 20-12-2024 140 | 0 | 2024-12-20 | 0.0 - 0.0 | 4.3 | In |
Call | CHDN Option Call 20-12-2024 145 | 0 | 2024-12-20 | 0.0 - 0.0 | 2.07 | |
Call | CHDN Option Call 20-12-2024 150 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.7 | |
Call | CHDN Option Call 20-12-2024 155 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.15 | |
Call | CHDN Option Call 20-12-2024 160 | 20 | 2024-12-20 | 0.1 - 4.9 | 1.5 | Out |
Call | CHDN Option Call 20-12-2024 165 | 3 | 2024-12-20 | 0.15 - 4.9 | 4.7 | Out |
Call | CHDN Option Call 20-12-2024 170 | 40 | 2024-12-20 | 0.0 - 0.55 | 0.5 | Out |
Call | CHDN Option Call 20-12-2024 180 | 10 | 2024-12-20 | 0.0 - 4.8 | 1.25 | Out |
Call | CHDN Option Call 20-12-2024 190 | 5 | 2024-12-20 | 0.0 - 0.75 | 0.65 | Out |
Call | CHDN Option Call 20-12-2024 195 | 2 | 2024-12-20 | 0.6 - 4.3 | 1.2 | Out |
Call | CHDN Option Call 20-12-2024 200 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.2 | |
Call | CHDN Option Call 20-12-2024 210 | 18 | 2024-12-20 | 0.0 - 1.2 | 0.25 | Out |
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 | Earnings Share 5.55 | Revenue Per Share 35.989 | Quarterly Revenue Growth 0.098 | Return On Assets 0.0625 |
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.