HUM250321P00340000 Option on Humana Inc
| HUM Etf | USD 279.58 10.95 3.77% |
Humana's latest option contracts expiring on May 16th 2025 are carrying combined implied volatility of 0.52 with a put-to-call open interest ratio of 3.37 over 109 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on May 16th 2025. The total put volume is at 72.0, with calls trading at the volume of 25.0. This yields a 2.88 put-to-call volume ratio.
Open Interest Against May 16th 2025 Option Contracts
2025-05-16
The chart above shows Humana'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. Humana's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Humana's option, there is no secondary market available for investors to trade.
Humana Maximum Pain Price Across 2025-05-16 Option Contracts
Max pain occurs when Humana's market makers reach a net positive position across all Humana's options at a strike price where option holders stand to lose the most money. By contrast, Humana's 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 Humana
Analyzing Humana's in-the-money options over time can help investors to take a profitable long position in Humana regardless of its overall volatility. This is especially true when Humana's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Humana's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Humana's stock while costing only a fraction of its price.
Please note that buying 'in-the-money' options on Humana lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Humana'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 Humana 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 Humana Etf moves the wrong way.
Humana Inc In The Money Call Balance
When Humana's strike price is surpassing the current stock price, the option contract against Humana Inc stock is said to be in the money. When it comes to buying Humana'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 Humana Inc 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.
Humana Current Options Market Mood
Humana'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 Humana Etf'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 Humana's options investors are not very successful. Humana'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.
Rule 16 of the current Humana contract
Base on the Rule 16, the options market is currently suggesting that Humana Inc will have an average daily up or down price movement of about 0.0325% per day over the life of the 2025-05-16 option contract. With Humana trading at USD 279.58, that is roughly USD 0.0909. If you think that the market is fully incorporating Humana's daily price movement you should consider buying Humana Inc options at the current volatility level of 0.52%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Humana |
Purchasing Humana 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" Humana calls. Remember, the seller must deliver Humana Inc stock to the call owner when a call is exercised.
Humana Option Chain
When Humana's strike price is surpassing the current stock price, the option contract against Humana Inc 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.
Humana's option chain is a display of a range of information that helps investors for ways to trade options on Humana. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Humana. It also shows strike prices and maturity days for a Humana 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 | HUM250516C00160000 | 3 | 160.0 | 118.0 - 125.8 | 90.5 | In |
Call | HUM250516C00180000 | 34 | 180.0 | 100.5 - 105.7 | 79.2 | In |
Call | HUM250516C00185000 | 1 | 185.0 | 94.5 - 101.8 | 52.0 | In |
Call | HUM250516C00200000 | 19 | 200.0 | 81.0 - 87.4 | 92.9 | In |
Call | HUM250516C00210000 | 9 | 210.0 | 72.1 - 77.6 | 97.8 | In |
Call | HUM250516C00220000 | 12 | 220.0 | 66.2 - 69.3 | 58.0 | In |
Call | HUM250516C00230000 | 16 | 230.0 | 58.2 - 60.6 | 83.0 | In |
Call | HUM250516C00240000 | 5 | 240.0 | 48.4 - 54.3 | 58.9 | In |
Call | HUM250516C00245000 | 5 | 245.0 | 47.4 - 49.6 | 28.8 | In |
Call | HUM250516C00250000 | 144 | 250.0 | 44.5 - 46.0 | 44.4 | In |
Call | HUM250516C00255000 | 25 | 255.0 | 41.3 - 42.6 | 55.75 | In |
Call | HUM250516C00260000 | 104 | 260.0 | 38.0 - 39.6 | 55.5 | In |
Call | HUM250516C00265000 | 47 | 265.0 | 35.1 - 36.7 | 52.3 | In |
Call | HUM250516C00270000 | 20 | 270.0 | 32.4 - 33.6 | 50.15 | In |
Call | HUM250516C00275000 | 14 | 275.0 | 27.4 - 31.0 | 33.0 | In |
Call | HUM250516C00280000 | 34 | 280.0 | 27.4 - 28.5 | 44.15 | Out |
Call | HUM250516C00285000 | 25 | 285.0 | 25.0 - 26.1 | 28.0 | Out |
Call | HUM250516C00290000 | 30 | 290.0 | 22.8 - 23.8 | 25.36 | Out |
Call | HUM250516C00295000 | 216 | 295.0 | 20.4 - 21.8 | 27.15 | Out |
Call | HUM250516C00300000 | 47 | 300.0 | 18.7 - 19.8 | 18.5 | Out |
Call | HUM250516C00305000 | 50 | 305.0 | 15.1 - 18.0 | 18.86 | Out |
Call | HUM250516C00310000 | 63 | 310.0 | 15.2 - 16.4 | 22.58 | Out |
Call | HUM250516C00315000 | 29 | 315.0 | 13.8 - 14.8 | 16.0 | Out |
Call | HUM250516C00320000 | 38 | 320.0 | 12.4 - 13.3 | 12.7 | Out |
Call | HUM250516C00325000 | 86 | 325.0 | 11.1 - 11.9 | 10.85 | Out |
Call | HUM250516C00330000 | 26 | 330.0 | 7.9 - 10.7 | 14.2 | Out |
Call | HUM250516C00335000 | 7 | 335.0 | 8.6 - 9.5 | 12.7 | Out |
Call | HUM250516C00340000 | 32 | 340.0 | 7.6 - 8.8 | 14.65 | Out |
Call | HUM250516C00345000 | 21 | 345.0 | 6.9 - 7.7 | 9.5 | Out |
Call | HUM250516C00350000 | 122 | 350.0 | 5.9 - 7.2 | 11.45 | Out |
Call | HUM250516C00355000 | 1 | 355.0 | 5.1 - 6.2 | 9.95 | Out |
Call | HUM250516C00360000 | 6 | 360.0 | 4.6 - 5.8 | 11.4 | Out |
Call | HUM250516C00365000 | 1 | 365.0 | 4.1 - 5.1 | 4.97 | Out |
Call | HUM250516C00370000 | 68 | 370.0 | 3.5 - 4.4 | 7.7 | Out |
Call | HUM250516C00375000 | 5 | 375.0 | 3.1 - 3.9 | 7.5 | Out |
Call | HUM250516C00380000 | 3 | 380.0 | 2.75 - 3.5 | 7.4 | Out |
Call | HUM250516C00385000 | 12 | 385.0 | 2.4 - 3.2 | 3.3 | Out |
Call | HUM250516C00390000 | 27 | 390.0 | 2.1 - 2.7 | 2.94 | Out |
Call | HUM250516C00395000 | 3 | 395.0 | 1.8 - 2.5 | 7.4 | Out |
Call | HUM250516C00400000 | 5 | 400.0 | 1.4 - 2.35 | 4.5 | Out |
Call | HUM250516C00405000 | 7 | 405.0 | 1.3 - 2.1 | 3.19 | Out |
Call | HUM250516C00410000 | 2 | 410.0 | 1.15 - 1.85 | 3.35 | Out |
Call | HUM250516C00415000 | 3 | 415.0 | 0.8 - 1.95 | 2.65 | Out |
Call | HUM250516C00420000 | 70 | 420.0 | 0.7 - 3.9 | 2.91 | Out |
Call | HUM250516C00430000 | 54 | 430.0 | 0.6 - 3.0 | 2.14 | Out |
Call | HUM250516C00440000 | 12 | 440.0 | 0.3 - 1.85 | 1.18 | Out |
Call | HUM250516C00450000 | 4 | 450.0 | 0.2 - 4.8 | 1.09 | Out |
Call | HUM250516C00460000 | 3 | 460.0 | 0.15 - 4.7 | 0.95 | Out |
Call | HUM250516C00470000 | 30 | 470.0 | 0.1 - 4.6 | 0.7 | Out |
Put | HUM250516P00110000 | 50 | 110.0 | 0.0 - 4.4 | 0.15 | Out |
Put | HUM250516P00120000 | 5 | 120.0 | 0.0 - 4.4 | 2.45 | Out |
Put | HUM250516P00125000 | 1 | 125.0 | 0.0 - 4.4 | 1.05 | Out |
Put | HUM250516P00130000 | 8 | 130.0 | 0.0 - 4.5 | 2.55 | Out |
Put | HUM250516P00140000 | 1 | 140.0 | 0.05 - 4.6 | 0.35 | Out |
Put | HUM250516P00145000 | 3 | 145.0 | 0.1 - 4.6 | 4.6 | Out |
Put | HUM250516P00150000 | 1 | 150.0 | 0.15 - 4.7 | 4.5 | Out |
Put | HUM250516P00155000 | 58 | 155.0 | 0.2 - 1.0 | 2.57 | Out |
Put | HUM250516P00160000 | 2407 | 160.0 | 0.25 - 0.95 | 4.4 | Out |
Put | HUM250516P00165000 | 23 | 165.0 | 0.35 - 4.8 | 1.58 | Out |
Put | HUM250516P00170000 | 2 | 170.0 | 0.45 - 4.8 | 1.2 | Out |
Put | HUM250516P00175000 | 39 | 175.0 | 0.55 - 1.25 | 1.0 | Out |
Put | HUM250516P00180000 | 17 | 180.0 | 0.65 - 5.7 | 1.0 | Out |
Put | HUM250516P00185000 | 86 | 185.0 | 1.45 - 2.1 | 1.7 | Out |
Put | HUM250516P00190000 | 52 | 190.0 | 1.85 - 2.3 | 1.73 | Out |
Put | HUM250516P00195000 | 7 | 195.0 | 2.2 - 2.55 | 2.05 | Out |
Put | HUM250516P00200000 | 20 | 200.0 | 2.3 - 4.9 | 2.2 | Out |
Put | HUM250516P00210000 | 115 | 210.0 | 2.55 - 4.6 | 2.95 | Out |
Put | HUM250516P00215000 | 102 | 215.0 | 4.5 - 5.1 | 7.47 | Out |
Put | HUM250516P00220000 | 1311 | 220.0 | 5.3 - 5.9 | 5.7 | Out |
Put | HUM250516P00225000 | 154 | 225.0 | 6.3 - 6.8 | 6.6 | Out |
Put | HUM250516P00230000 | 75 | 230.0 | 7.2 - 8.0 | 7.66 | Out |
Put | HUM250516P00235000 | 43 | 235.0 | 8.3 - 9.2 | 8.98 | Out |
Put | HUM250516P00240000 | 35 | 240.0 | 9.6 - 10.2 | 10.5 | Out |
Put | HUM250516P00245000 | 33 | 245.0 | 11.1 - 11.7 | 11.7 | Out |
Put | HUM250516P00250000 | 25 | 250.0 | 12.5 - 13.4 | 13.3 | Out |
Put | HUM250516P00255000 | 51 | 255.0 | 14.2 - 15.1 | 14.65 | Out |
Put | HUM250516P00260000 | 249 | 260.0 | 16.2 - 16.9 | 16.4 | Out |
Put | HUM250516P00265000 | 24 | 265.0 | 18.0 - 19.1 | 18.4 | Out |
Put | HUM250516P00270000 | 52 | 270.0 | 20.2 - 21.1 | 20.5 | Out |
Put | HUM250516P00275000 | 23 | 275.0 | 22.3 - 23.2 | 22.75 | Out |
Put | HUM250516P00280000 | 64 | 280.0 | 24.9 - 26.2 | 20.53 | Out |
Put | HUM250516P00285000 | 12 | 285.0 | 27.3 - 28.2 | 24.2 | In |
Put | HUM250516P00290000 | 20 | 290.0 | 30.0 - 31.4 | 30.4 | In |
Put | HUM250516P00295000 | 3 | 295.0 | 32.9 - 34.5 | 26.85 | In |
Put | HUM250516P00300000 | 7 | 300.0 | 36.0 - 37.2 | 28.3 | In |
Put | HUM250516P00305000 | 22 | 305.0 | 38.9 - 40.6 | 29.2 | In |
Put | HUM250516P00310000 | 37 | 310.0 | 42.3 - 43.9 | 33.9 | In |
Put | HUM250516P00315000 | 25 | 315.0 | 45.5 - 48.7 | 34.8 | In |
Put | HUM250516P00320000 | 29 | 320.0 | 48.9 - 52.8 | 39.7 | In |
Put | HUM250516P00325000 | 3 | 325.0 | 52.4 - 55.8 | 42.9 | In |
Put | HUM250516P00330000 | 2 | 330.0 | 55.7 - 59.6 | 51.6 | In |
Put | HUM250516P00340000 | 31 | 340.0 | 63.2 - 69.4 | 56.0 | In |
Put | HUM250516P00345000 | 8 | 345.0 | 67.5 - 73.6 | 91.92 | In |
Put | HUM250516P00350000 | 5 | 350.0 | 71.5 - 77.9 | 64.92 | In |
Put | HUM250516P00355000 | 5 | 355.0 | 75.5 - 82.2 | 101.22 | In |
Put | HUM250516P00360000 | 29 | 360.0 | 80.0 - 86.7 | 66.29 | In |
Put | HUM250516P00370000 | 9 | 370.0 | 89.0 - 95.8 | 94.6 | In |
Put | HUM250516P00380000 | 5 | 380.0 | 99.7 - 105.6 | 149.82 | In |
Put | HUM250516P00385000 | 2 | 385.0 | 104.2 - 109.9 | 85.62 | In |
Put | HUM250516P00400000 | 0 | 400.0 | 117.6 - 124.5 | 117.6 | In |
Put | HUM250516P00405000 | 0 | 405.0 | 121.1 - 130.0 | 121.1 | In |
Put | HUM250516P00410000 | 0 | 410.0 | 126.4 - 135.0 | 126.4 | In |
Put | HUM250516P00415000 | 0 | 415.0 | 131.6 - 139.2 | 131.6 | In |
Put | HUM250516P00420000 | 0 | 420.0 | 136.0 - 144.5 | 159.1 | In |
Put | HUM250516P00430000 | 0 | 430.0 | 146.7 - 154.5 | 146.7 | In |
Put | HUM250516P00440000 | 0 | 440.0 | 156.0 - 164.7 | 156.0 | In |
Put | HUM250516P00450000 | 0 | 450.0 | 166.1 - 174.7 | 166.1 | In |
Put | HUM250516P00460000 | 0 | 460.0 | 176.3 - 184.2 | 176.3 | In |
Put | HUM250516P00470000 | 0 | 470.0 | 186.6 - 194.9 | 186.6 | In |
Other Information on Investing in Humana Etf
Humana financial ratios help investors to determine whether Humana Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Humana with respect to the benefits of owning Humana security.