LEG241220P00005000 Option on Leggett Platt
| LEG Stock | USD 12.51 0.24 1.88% |
Leggett Platt's latest option contracts expiring on 2024-12-20 are carrying combined implied volatility of 1.43 with a put-to-call open interest ratio of 0.68 over 23 outstanding agreements suggesting investors are buying more calls than puts on contracts expiring on 2024-12-20. The total put volume is at 137, with calls trading at the volume of 137. This yields a 2.21 put-to-call volume ratio.
Open Interest Against 2024-12-20 Option Contracts
2024-12-20
The chart above shows Leggett Platt'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. Leggett Platt's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Leggett Platt's option, there is no secondary market available for investors to trade.
Leggett Platt's option chain provides insight into all available option contracts written on Leggett Platt's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Leggett Platt'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 Leggett option contract.
In The Money vs. Out of Money Option Contracts on Leggett Platt
Analyzing Leggett Platt's in-the-money options over time can help investors to take a profitable long position in Leggett Platt regardless of its overall volatility. This is especially true when Leggett Platt's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Leggett Platt's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Leggett Platt's stock while costing only a fraction of its price.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leggett Platt Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Leggett Platt In The Money Call Balance
When Leggett Platt's strike price is surpassing the current stock price, the option contract against Leggett Platt Incorporated stock is said to be in the money. When it comes to buying Leggett Platt'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 Leggett Platt 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.
Leggett Current Options Market Mood
Leggett Platt'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 Leggett 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 Leggett Platt's options investors are not very successful. Leggett Platt'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 Leggett contract
Base on the Rule 16, the options market is currently suggesting that Leggett Platt Incorporated will have an average daily up or down price movement of about 0.0894% per day over the life of the 2024-12-20 option contract. With Leggett Platt trading at USD 12.51, that is roughly USD 0.0112. If you think that the market is fully incorporating Leggett Platt's daily price movement you should consider buying Leggett Platt Incorporated options at the current volatility level of 1.43%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Leggett |
Purchasing Leggett Platt 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" Leggett calls. Remember, the seller must deliver Leggett Platt Incorporated stock to the call owner when a call is exercised.
Leggett Platt Option Chain
When Leggett Platt's strike price is surpassing the current stock price, the option contract against Leggett Platt 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.
Leggett Platt's option chain is a display of a range of information that helps investors for ways to trade options on Leggett. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Leggett. It also shows strike prices and maturity days for a Leggett Platt 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 | LEG Option Call 20-12-2024 2 | 0 | 2024-12-20 | 0.0 - 0.0 | 9.79 | In |
Call | LEG Option Call 20-12-2024 5 | 4 | 2024-12-20 | 4.9 - 8.5 | 8.5 | In |
Call | LEG Option Call 20-12-2024 7 | 48 | 2024-12-20 | 5.2 - 5.5 | 4.1 | In |
Call | LEG Option Call 20-12-2024 10 | 802 | 2024-12-20 | 0.0 - 0.0 | 2.7 | In |
Call | LEG Option Call 20-12-2024 12 | 4173 | 2024-12-20 | 0.0 - 0.0 | 0.51 | In |
Call | LEG Option Call 20-12-2024 15 | 1818 | 2024-12-20 | 0.0 - 0.0 | 0.07 | Out |
Call | LEG Option Call 20-12-2024 17 | 1747 | 2024-12-20 | 0.0 - 0.0 | 0.05 | Out |
Call | LEG Option Call 20-12-2024 20 | 2991 | 2024-12-20 | 0.0 - 0.0 | 0.05 | Out |
Call | LEG Option Call 20-12-2024 22 | 165 | 2024-12-20 | 0.0 - 0.0 | 0.04 | Out |
Call | LEG Option Call 20-12-2024 25 | 80 | 2024-12-20 | 0.0 - 0.4 | 0.06 | Out |
Call | LEG Option Call 20-12-2024 30 | 27 | 2024-12-20 | 0.0 - 0.75 | 0.05 | Out |
Call | LEG Option Call 20-12-2024 35 | 8 | 2024-12-20 | 0.0 - 0.75 | 0.01 | Out |
Put | LEG Option Put 20-12-2024 5 | 90 | 2024-12-20 | 0.0 - 2.15 | 0.05 | Out |
Put | LEG Option Put 20-12-2024 7 | 250 | 2024-12-20 | 0.0 - 0.0 | 0.01 | Out |
Put | LEG Option Put 20-12-2024 10 | 3202 | 2024-12-20 | 0.0 - 0.0 | 0.06 | Out |
Put | LEG Option Put 20-12-2024 12 | 3070 | 2024-12-20 | 0.0 - 0.0 | 0.45 | Out |
Put | LEG Option Put 20-12-2024 15 | 1201 | 2024-12-20 | 0.0 - 0.0 | 2.42 | In |
Put | LEG Option Put 20-12-2024 17 | 284 | 2024-12-20 | 0.0 - 0.0 | 4.61 | In |
Put | LEG Option Put 20-12-2024 20 | 4 | 2024-12-20 | 0.0 - 0.0 | 7.83 | In |
Put | LEG Option Put 20-12-2024 22 | 0 | 2024-12-20 | 9.1 - 10.9 | 9.29 | In |
Put | LEG Option Put 20-12-2024 25 | 0 | 2024-12-20 | 11.6 - 15.8 | 11.78 | In |
Put | LEG Option Put 20-12-2024 30 | 0 | 2024-12-20 | 16.8 - 20.2 | 16.82 | In |
Put | LEG Option Put 20-12-2024 35 | 0 | 2024-12-20 | 20.6 - 24.5 | 22.63 | In |
Leggett Total Stockholder Equity
Total Stockholder Equity |
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Leggett Platt Corporate Directors
| Srikanth Padmanabhan | Independent Director | Profile | |
| Robert Brunner | Independent Director | Profile | |
| Manuel Fernandez | Independent Director | Profile | |
| Joseph McClanathan | Independent Director | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leggett Platt Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Household Durables 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 Leggett Platt. If investors know Leggett 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 Leggett Platt 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 (0.16) | Dividend Share 1.02 | Earnings Share (6.01) | Revenue Per Share 32.414 | Quarterly Revenue Growth (0.06) |
The market value of Leggett Platt is measured differently than its book value, which is the value of Leggett that is recorded on the company's balance sheet. Investors also form their own opinion of Leggett Platt's value that differs from its market value or its book value, called intrinsic value, which is Leggett Platt'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 Leggett Platt's market value can be influenced by many factors that don't directly affect Leggett Platt'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 Leggett Platt's value and its price as these two are different measures arrived at by different means. Investors typically determine if Leggett Platt is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Leggett Platt'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.