CRK250321C00024000 Option on Comstock Resources

CRK Stock  USD 18.56  0.87  4.48%   
CRK250321C00024000 is a PUT option contract on Comstock Resources' common stock with a strick price of 24.0 expiring on 2025-03-21. The contract was not traded in recent days and, as of today, has 48 days remaining before the expiration. The option is currently trading at a bid price of $0.2, and an ask price of $0.3. The implied volatility as of the 1st of February is 48.0.
  
When exercised, put options on Comstock Resources produce a short position in Comstock Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Comstock Resources' downside price movement.

Rule 16 of 2025-03-21 Option Contract

The options market is anticipating that Comstock Resources will have an average daily up or down price movement of about 0.0366% per day over the life of the option. With Comstock Resources trading at USD 18.56, that is roughly USD 0.006795. If you think that the market is fully understating Comstock Resources' daily price movement you should consider buying Comstock Resources options at that current volatility level of 0.59%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Call Option on Comstock Resources

An 'Out of The Money' option on Comstock has a strike price that Comstock 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 Comstock Resources' 'Out of The Money' options include buying the options if you expect a big move in Comstock Resources' 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 NameCRK250321C00024000
Expires On2025-03-21
Days Before Expriration48
Delta0.136762
Vega0.014728
Gamma0.055491
Theoretical Value0.25
Open Interest5487
Current Trading Volume2.0
Strike Price24.0
Last Traded At0.25
Current Price Spread0.2 | 0.3
Rule 16 Daily Up or DownUSD 0.006795

Comstock short PUT Option Greeks

Comstock Resources' Option Greeks for the contract ending on 2025-03-21 at a strike price of 24.0 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 Comstock Resources' option greeks, its implied volatility helps estimate the risk of Comstock Resources stock implied by the prices of the options on Comstock Resources' stock.
Delta0.136762
Gamma0.055491
Theta-0.009081
Vega0.014728
Rho0.003009

Comstock long PUT Option Payoff at expiration

Put options written on Comstock Resources grant holders of the option the right to sell a specified amount of Comstock Resources 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 Comstock Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Comstock Resources is like buying insurance aginst Comstock Resources' downside shift.
   Profit   
       Comstock Resources Price At Expiration  

Comstock short PUT Option Payoff at expiration

By selling Comstock Resources' put option, the investors signal their bearish sentiment. A short position in a put option written on Comstock Resources will generally make money when the underlying price is above the strike price. Therefore Comstock Resources' put payoff at expiration depends on where the Comstock Stock price is relative to the put option strike price. The breakeven price of 24.25 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 Comstock Resources' price. Finally, at the strike price of 24.0, the payoff chart is constant and positive.
   Profit   
       Comstock Resources Price At Expiration  
View All Comstock Resources Options

Comstock Resources Available Call Options

Comstock Resources' option chain is a display of a range of information that helps investors for ways to trade options on Comstock. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Comstock. It also shows strike prices and maturity days for a Comstock Resources 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 IntStrike PriceCurrent SpreadLast Price
Call
CRK250321C00005000205.011.6 - 15.59.9In
Call
CRK250321C00006000106.012.1 - 14.212.4In
Call
CRK250321C0000700027.011.1 - 13.68.95In
Call
CRK250321C00008000278.010.2 - 12.44.5In
Call
CRK250321C00009000649.09.2 - 11.69.8In
Call
CRK250321C0001000014410.08.3 - 8.911.84In
Call
CRK250321C00011000134111.07.3 - 7.78.08In
Call
CRK250321C0001200016212.06.5 - 6.96.6In
Call
CRK250321C0001300017813.05.5 - 6.18.0In
Call
CRK250321C0001400024114.04.5 - 4.95.52In
Call
CRK250321C0001500026015.03.8 - 4.05.5In
Call
CRK250321C0001600036616.03.0 - 3.34.1In
Call
CRK250321C0001700012517.02.3 - 2.52.85In
Call
CRK250321C0001800096818.01.75 - 2.71.97In
Call
CRK250321C0001900075819.01.3 - 1.551.3Out
Call
CRK250321C00020000406620.00.95 - 1.051.15Out
Call
CRK250321C0002100080621.00.65 - 0.750.76Out
Call
CRK250321C0002200076022.00.45 - 0.550.61Out
Call
CRK250321C000230006323.00.3 - 0.40.35Out
Call
CRK250321C00024000548724.00.2 - 0.30.25Out
Call
CRK250321C00025000419325.00.15 - 0.250.25Out
Call
CRK250321C00030000670030.00.0 - 0.50.15Out
Call
CRK250321C00035000235.00.0 - 0.250.13Out
When determining whether Comstock Resources 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 Comstock 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 Comstock Resources Stock. Highlighted below are key reports to facilitate an investment decision about Comstock Resources Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Comstock Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Comstock Stock please use our How to buy in Comstock Stock guide.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Oil & Gas Exploration & Production 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 Comstock Resources. If investors know Comstock 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 Comstock Resources 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
(0.79)
Earnings Share
(0.17)
Revenue Per Share
4.574
Quarterly Revenue Growth
(0.19)
Return On Assets
(0.01)
The market value of Comstock Resources is measured differently than its book value, which is the value of Comstock that is recorded on the company's balance sheet. Investors also form their own opinion of Comstock Resources' value that differs from its market value or its book value, called intrinsic value, which is Comstock Resources' 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 Comstock Resources' market value can be influenced by many factors that don't directly affect Comstock Resources' 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 Comstock Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Comstock Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comstock Resources' 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.