null Option on Main Street Capital
| MAIN Stock | USD 61.30 0.68 1.12% |
Main Street's latest option contracts expiring on March 21st 2025 are carrying combined implied volatility of 0.33 with a put-to-call open interest ratio of 4.16 over 48 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on March 21st 2025. The total put volume is at 18.0, with calls trading at the volume of 41.0. This yields a 0.44 put-to-call volume ratio.
Open Interest Against March 21st 2025 Option Contracts
2025-03-21
The chart above shows Main Street'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. Main Street's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Main Street's option, there is no secondary market available for investors to trade.
Main Street Maximum Pain Price Across 2025-03-21 Option Contracts
Max pain occurs when Main Street's market makers reach a net positive position across all Main Street's options at a strike price where option holders stand to lose the most money. By contrast, Main Street'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 Main Street
Analyzing Main Street's in-the-money options over time can help investors to take a profitable long position in Main Street regardless of its overall volatility. This is especially true when Main Street's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Main Street's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Main Street's stock while costing only a fraction of its price.
Please note that buying 'in-the-money' options on Main Street lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Main Street'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 Main Street 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 Main Stock moves the wrong way.
Main Street Capital In The Money Call Balance
When Main Street's strike price is surpassing the current stock price, the option contract against Main Street Capital stock is said to be in the money. When it comes to buying Main Street'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 Main Street Capital 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.
Main Current Options Market Mood
Main Street'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 Main 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
Most options investors, including buyers and sellers of Main Street's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Main Street'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 Main contract
Base on the Rule 16, the options market is currently suggesting that Main Street Capital will have an average daily up or down price movement of about 0.0206% per day over the life of the 2025-03-21 option contract. With Main Street trading at USD 61.3, that is roughly USD 0.0126. If you think that the market is fully incorporating Main Street's daily price movement you should consider buying Main Street Capital options at the current volatility level of 0.33%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Main |
Purchasing Main Street 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" Main calls. Remember, the seller must deliver Main Street Capital stock to the call owner when a call is exercised.
Main Street Option Chain
When Main Street's strike price is surpassing the current stock price, the option contract against Main Street Capital 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.
Main Street's option chain is a display of a range of information that helps investors for ways to trade options on Main. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Main. It also shows strike prices and maturity days for a Main Street 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 | MAIN250321C00029400 | 0 | 29.4 | 29.5 - 33.5 | 29.5 | In |
Call | MAIN250321C00034400 | 0 | 34.4 | 24.6 - 28.4 | 24.6 | In |
Call | MAIN250321C00035000 | 1 | 35.0 | 0.0 - 0.0 | 0.0 | Out |
Call | MAIN250321C00039400 | 0 | 39.4 | 20.2 - 22.8 | 20.2 | In |
Call | MAIN250321C00040000 | 1 | 40.0 | 0.0 - 0.0 | 0.0 | Out |
Call | MAIN250321C00044400 | 0 | 44.4 | 15.1 - 18.0 | 15.1 | In |
Call | MAIN250321C00045000 | 11 | 45.0 | 0.0 - 0.0 | 0.0 | Out |
Call | MAIN250321C00049400 | 205 | 49.4 | 9.6 - 12.0 | 11.0 | In |
Call | MAIN250321C00049700 | 244 | 49.7 | 6.1 - 6.8 | 6.0 | In |
Call | MAIN250321C00050000 | 138 | 50.0 | 0.0 - 0.0 | 0.0 | Out |
Call | MAIN250321C00054400 | 260 | 54.4 | 6.0 - 7.0 | 5.65 | In |
Call | MAIN250321C00054700 | 332 | 54.7 | 2.35 - 2.75 | 2.55 | In |
Call | MAIN250321C00055000 | 46 | 55.0 | 0.0 - 0.0 | 0.0 | Out |
Call | MAIN250321C00059400 | 321 | 59.4 | 1.8 - 2.5 | 2.11 | In |
Call | MAIN250321C00059700 | 331 | 59.7 | 0.3 - 0.65 | 0.49 | Out |
Call | MAIN250321C00060000 | 23 | 60.0 | 0.0 - 0.0 | 0.0 | Out |
Call | MAIN250321C00064400 | 258 | 64.4 | 0.2 - 0.3 | 0.26 | Out |
Call | MAIN250321C00064700 | 1 | 64.7 | 0.0 - 0.75 | 0.06 | Out |
Call | MAIN250321C00069400 | 52 | 69.4 | 0.0 - 0.2 | 0.05 | Out |
Call | MAIN250321C00074400 | 5 | 74.4 | 0.0 - 2.05 | 0.05 | Out |
Call | MAIN250321C00074700 | 102 | 74.7 | 0.0 - 0.75 | 0.75 | Out |
Call | MAIN250321C00075000 | 102 | 75.0 | 0.0 - 0.0 | 0.0 | Out |
Put | MAIN250321P00030000 | 2 | 30.0 | 0.0 - 0.0 | 0.0 | Out |
Put | MAIN250321P00029700 | 2 | 29.7 | 0.0 - 1.55 | 1.55 | Out |
Put | MAIN250321P00029400 | 2 | 29.4 | 0.0 - 0.75 | 0.75 | Out |
Put | MAIN250321P00035000 | 4 | 35.0 | 0.0 - 0.0 | 0.0 | Out |
Put | MAIN250321P00034700 | 4 | 34.7 | 0.0 - 1.55 | 0.25 | Out |
Put | MAIN250321P00034400 | 4 | 34.4 | 0.0 - 0.75 | 0.75 | Out |
Put | MAIN250321P00040000 | 18 | 40.0 | 0.0 - 0.0 | 0.0 | Out |
Put | MAIN250321P00039700 | 25 | 39.7 | 0.05 - 1.6 | 0.08 | Out |
Put | MAIN250321P00039400 | 25 | 39.4 | 0.0 - 0.75 | 0.75 | Out |
Put | MAIN250321P00045000 | 658 | 45.0 | 0.0 - 0.0 | 0.0 | Out |
Put | MAIN250321P00044700 | 3917 | 44.7 | 0.15 - 1.25 | 0.26 | Out |
Put | MAIN250321P00044400 | 3517 | 44.4 | 0.0 - 0.7 | 0.2 | Out |
Put | MAIN250321P00050000 | 72 | 50.0 | 0.0 - 0.0 | 0.0 | Out |
Put | MAIN250321P00049700 | 361 | 49.7 | 0.25 - 0.8 | 0.45 | Out |
Put | MAIN250321P00049400 | 704 | 49.4 | 0.1 - 0.4 | 0.3 | Out |
Put | MAIN250321P00055000 | 10 | 55.0 | 0.0 - 0.0 | 0.0 | Out |
Put | MAIN250321P00054700 | 130 | 54.7 | 1.75 - 2.4 | 1.85 | Out |
Put | MAIN250321P00054400 | 207 | 54.4 | 0.1 - 0.4 | 0.25 | Out |
Put | MAIN250321P00060000 | 1 | 60.0 | 0.0 - 0.0 | 0.0 | Out |
Put | MAIN250321P00059700 | 83 | 59.7 | 3.4 - 6.3 | 5.55 | In |
Put | MAIN250321P00059400 | 196 | 59.4 | 0.9 - 1.25 | 1.09 | Out |
Put | MAIN250321P00064700 | 74 | 64.7 | 8.4 - 10.8 | 8.94 | In |
Put | MAIN250321P00064400 | 81 | 64.4 | 2.3 - 5.0 | 5.2 | In |
Put | MAIN250321P00069700 | 17 | 69.7 | 13.3 - 15.9 | 13.79 | In |
Put | MAIN250321P00069400 | 17 | 69.4 | 7.0 - 10.1 | 7.0 | In |
Put | MAIN250321P00074400 | 0 | 74.4 | 12.1 - 14.6 | 12.1 | In |
Main Street Market Cap Over Time
Market Cap |
| Timeline |
Main Total Stockholder Equity
Total Stockholder Equity |
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Main Street Corporate Directors
| Valerie Banner | Independent Director | Profile | |
| Jonathan Montgomery | Director | Profile | |
| Patrick CPA | Director | Profile | |
| II CFA | Director | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Main Street Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Asset Management & Custody Banks 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 Main Street. If investors know Main 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 Main Street 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 0.139 | Dividend Share 2.88 | Earnings Share 5.53 | Revenue Per Share | Quarterly Revenue Growth 0.11 |
The market value of Main Street Capital is measured differently than its book value, which is the value of Main that is recorded on the company's balance sheet. Investors also form their own opinion of Main Street's value that differs from its market value or its book value, called intrinsic value, which is Main Street'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 Main Street's market value can be influenced by many factors that don't directly affect Main Street'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 Main Street's value and its price as these two are different measures arrived at by different means. Investors typically determine if Main Street is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Main Street'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.