NSC241129P00220000 Option on Norfolk Southern
| NSC Stock | USD 275.38 0.71 0.26% |
Norfolk Southern's latest option contracts expiring on 2024-11-29 are carrying combined implied volatility of 0.73 with a put-to-call open interest ratio of 0.11 over 22 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2024-11-29. The total put volume is at 66.0, with calls trading at the volume of 66.0. This yields a 1.47 put-to-call volume ratio.
Open Interest Against 2024-11-29 Option Contracts
2024-11-29
The chart above shows Norfolk Southern'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. Norfolk Southern's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Norfolk Southern's option, there is no secondary market available for investors to trade.
Norfolk Southern's option chain provides insight into all available option contracts written on Norfolk Southern's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Norfolk Southern'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 Norfolk option contract.
In The Money vs. Out of Money Option Contracts on Norfolk Southern
Analyzing Norfolk Southern's in-the-money options over time can help investors to take a profitable long position in Norfolk Southern regardless of its overall volatility. This is especially true when Norfolk Southern's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Norfolk Southern's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Norfolk Southern's stock while costing only a fraction of its price.
Norfolk Southern's stock options are financial instruments that give investors the right to buy or sell shares of Norfolk Southern common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Norfolk stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Norfolk Southern's stock price goes up or down, the stock options follow.
At present, Norfolk Southern's Common Stock Total Equity is projected to decrease significantly based on the last few years of reporting. The current year's Common Stock is expected to grow to about 256.5 M, whereas Total Stockholder Equity is forecasted to decline to about 9.5 B. Norfolk Southern In The Money Call Balance
When Norfolk Southern's strike price is surpassing the current stock price, the option contract against Norfolk Southern stock is said to be in the money. When it comes to buying Norfolk Southern'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 Norfolk Southern 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.
Norfolk Current Options Market Mood
Norfolk Southern'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 Norfolk 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 Norfolk Southern'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. Norfolk Southern'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 Norfolk contract
Base on the Rule 16, the options market is currently suggesting that Norfolk Southern will have an average daily up or down price movement of about 0.0456% per day over the life of the 2024-11-29 option contract. With Norfolk Southern trading at USD 275.38, that is roughly USD 0.13. If you think that the market is fully incorporating Norfolk Southern's daily price movement you should consider buying Norfolk Southern options at the current volatility level of 0.73%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Norfolk |
Purchasing Norfolk Southern 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" Norfolk calls. Remember, the seller must deliver Norfolk Southern stock to the call owner when a call is exercised.
Norfolk Southern Option Chain
When Norfolk Southern's strike price is surpassing the current stock price, the option contract against Norfolk Southern 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.
2024-11-292024-12-062024-12-132024-12-202024-12-272025-01-032025-01-172025-02-212025-03-212025-06-202025-09-192026-01-162027-01-15
Norfolk Southern's option chain is a display of a range of information that helps investors for ways to trade options on Norfolk. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Norfolk. It also shows strike prices and maturity days for a Norfolk Southern 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 | NSC Option Call 29-11-2024 255 | 1 | 2024-11-29 | 19.9 - 22.2 | 13.5 | In |
Call | NSC Option Call 29-11-2024 260 | 5 | 2024-11-29 | 14.1 - 17.3 | 16.5 | In |
Call | NSC Option Call 29-11-2024 262 | 13 | 2024-11-29 | 11.5 - 14.6 | 2.05 | In |
Call | NSC Option Call 29-11-2024 265 | 23 | 2024-11-29 | 9.2 - 12.1 | 11.4 | In |
Call | NSC Option Call 29-11-2024 267 | 3 | 2024-11-29 | 6.7 - 9.9 | 7.5 | In |
Call | NSC Option Call 29-11-2024 270 | 25 | 2024-11-29 | 4.2 - 6.9 | 5.5 | In |
Call | NSC Option Call 29-11-2024 275 | 1009 | 2024-11-29 | 0.3 - 1.35 | 1.99 | In |
Call | NSC Option Call 29-11-2024 280 | 2 | 2024-11-29 | 0.0 - 0.35 | 0.1 | Out |
Put | NSC Option Put 29-11-2024 200 | 0 | 2024-11-29 | 0.0 - 0.3 | 0.78 | |
Put | NSC Option Put 29-11-2024 205 | 1 | 2024-11-29 | 0.0 - 0.3 | 0.25 | Out |
Put | NSC Option Put 29-11-2024 215 | 3 | 2024-11-29 | 0.0 - 0.75 | 1.09 | Out |
Put | NSC Option Put 29-11-2024 220 | 31 | 2024-11-29 | 0.0 - 0.3 | 0.62 | Out |
Put | NSC Option Put 29-11-2024 225 | 1 | 2024-11-29 | 0.0 - 0.25 | 1.01 | Out |
Put | NSC Option Put 29-11-2024 230 | 30 | 2024-11-29 | 0.0 - 0.05 | 1.32 | Out |
Put | NSC Option Put 29-11-2024 240 | 6 | 2024-11-29 | 0.0 - 0.3 | 0.15 | Out |
Put | NSC Option Put 29-11-2024 245 | 22 | 2024-11-29 | 0.0 - 0.1 | 0.2 | Out |
Put | NSC Option Put 29-11-2024 250 | 13 | 2024-11-29 | 0.0 - 0.1 | 0.95 | Out |
Put | NSC Option Put 29-11-2024 257 | 1 | 2024-11-29 | 0.0 - 0.75 | 0.29 | Out |
Put | NSC Option Put 29-11-2024 260 | 6 | 2024-11-29 | 0.0 - 0.7 | 3.7 | Out |
Put | NSC Option Put 29-11-2024 262 | 3 | 2024-11-29 | 0.0 - 0.5 | 5.12 | Out |
Put | NSC Option Put 29-11-2024 270 | 0 | 2024-11-29 | 0.0 - 1.75 | 6.0 | |
Put | NSC Option Put 29-11-2024 290 | 0 | 2024-11-29 | 19.6 - 22.7 | 33.0 | In |
Norfolk Total Stockholder Equity
Total Stockholder Equity |
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Norfolk Southern Corporate Directors
| Mitchell Daniels | Independent Director | Profile | |
| Steven Leer | Lead Independent Director | Profile | |
| Marcela Donadio | Independent Director | Profile | |
| John Huffard | Independent Director | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Norfolk Southern. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. For information on how to trade Norfolk Stock refer to our How to Trade Norfolk Stock guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Ground Transportation 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 Norfolk Southern. If investors know Norfolk 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 Norfolk Southern 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 1.31 | Dividend Share 5.4 | Earnings Share 10.66 | Revenue Per Share 53.858 | Quarterly Revenue Growth 0.027 |
The market value of Norfolk Southern is measured differently than its book value, which is the value of Norfolk that is recorded on the company's balance sheet. Investors also form their own opinion of Norfolk Southern's value that differs from its market value or its book value, called intrinsic value, which is Norfolk Southern'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 Norfolk Southern's market value can be influenced by many factors that don't directly affect Norfolk Southern'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 Norfolk Southern's value and its price as these two are different measures arrived at by different means. Investors typically determine if Norfolk Southern is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Norfolk Southern'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.