BlueLinx Holdings Stock Options Expiring on 19th of May 2023

BXC
 Stock
  

USD 65.53  4.23  6.06%   

BlueLinx Holdings' latest option contracts expiring on 2023-05-19 are carrying combined implied volatility of 56.75 with a put-to-call open interest ratio of 0.16 over 30 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2023-05-19. The current put volume is at 4, with calls trading at the volume of 36. This yields a 0.11 put-to-call volume ratio. The BlueLinx Holdings option chain provides detailed quote and price information for the current BlueLinx Holdings option contracts. It shows all of BlueLinx Holdings' listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2023-05-19 Option Contracts

BlueLinx Holdings option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in BlueLinx Holdings' lending market. For example, when BlueLinx Holdings' puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on BlueLinx Holdings, he or she must hedge the risk by shorting BlueLinx Holdings stock over its option's life.
The chart above shows BlueLinx Holdings' 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. BlueLinx Holdings' open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for BlueLinx Holdings' option, there is no secondary market available for investors to trade.

BlueLinx Holdings Maximum Pain Price across 2023-05-19 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as BlueLinx Holdings close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
BlueLinx Holdings' stock options are financial instruments that give investors the right to buy or sell shares of BlueLinx Holdings common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell BlueLinx stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If BlueLinx Holdings' stock price goes up or down, the stock options follow.
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Please note that buying 'in-the-money' options on BlueLinx Holdings lessens the impact of time decay, as they carry both intrinsic and time value. So, even if BlueLinx Holdings' 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 BlueLinx Holdings 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 BlueLinx Stock moves the wrong way.
As of December 5, 2022, Net Income Common Stock is expected to decline to about 164.3 M

BlueLinx Holdings In The Money Call Balance

When BlueLinx Holdings' strike price is surpassing the current stock price, the option contract against BlueLinx Holdings stock is said to be in the money. When it comes to buying BlueLinx Holdings' 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 BlueLinx Holdings 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.

BlueLinx Current Options Market Mood

BlueLinx Holdings' 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 BlueLinx 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 BlueLinx Holdings' calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. BlueLinx Holdings' 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. Using current BlueLinx Holdings' option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.

Rule 16 of the current BlueLinx contract

Base on the Rule 16, the options market is currently suggesting that BlueLinx Holdings will have an average daily up or down price movement of about 3.55% per day over the life of the 2023-05-19 option contract. With BlueLinx Holdings trading at USD65.53, that is roughly USD2.32. If you think that the market is fully incorporating BlueLinx Holdings' daily price movement you should consider buying BlueLinx Holdings options at the current volatility level of 56.75%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

BlueLinx Holdings Option Chain

When BlueLinx Holdings' strike price is surpassing the current stock price, the option contract against BlueLinx Holdings 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.
2022-12-162023-01-202023-02-172023-05-192024-01-19
BlueLinx Holdings' option chain is a display of a range of information that helps investors for ways to trade options on BlueLinx. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for BlueLinx. It also shows strike prices and maturity days for a BlueLinx Holdings 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.
DeltaGammaOpen IntExpirationCurrent SpreadLast Price
Call
2023-05-19 CALL at $35.00.93780.003102023-05-1935.4 - 38.20.0In
Call
2023-05-19 CALL at $40.00.9190.004302023-05-1930.8 - 33.50.0In
Call
2023-05-19 CALL at $45.00.88990.005902023-05-1925.8 - 29.70.0In
Call
2023-05-19 CALL at $50.00.84530.007702023-05-1922.3 - 25.40.0In
Call
2023-05-19 CALL at $55.00.78520.009102023-05-1919.2 - 22.50.0In
Call
2023-05-19 CALL at $60.00.73090.011222023-05-1915.3 - 18.822.18In
Call
2023-05-19 CALL at $65.00.66480.012512023-05-1912.7 - 16.013.35In
Call
2023-05-19 CALL at $70.00.59580.013732023-05-199.8 - 13.517.8Out
Call
2023-05-19 CALL at $75.00.52340.0147102023-05-197.5 - 11.08.5Out
Call
2023-05-19 CALL at $80.00.45660.0147132023-05-196.1 - 9.07.78Out
Call
2023-05-19 CALL at $85.00.38370.0148132023-05-194.0 - 7.46.5Out
Call
2023-05-19 CALL at $90.00.32850.0139192023-05-193.2 - 6.10.0Out
Call
2023-05-19 CALL at $95.00.2710.013122023-05-192.1 - 5.05.5Out
Call
2023-05-19 CALL at $100.00.2210.0119212023-05-191.2 - 4.22.1Out
Call
2023-05-19 CALL at $105.00.17610.010512023-05-190.5 - 3.51.6Out
 Put
2023-05-19 PUT at $45.0-0.11110.0059102023-05-191.05 - 3.22.2Out
 Put
2023-05-19 PUT at $50.0-0.15560.007802023-05-191.8 - 4.40.0Out
 Put
2023-05-19 PUT at $55.0-0.21210.009632023-05-193.4 - 5.85.8Out
 Put
2023-05-19 PUT at $60.0-0.27260.011412023-05-194.8 - 7.60.0Out
 Put
2023-05-19 PUT at $65.0-0.34010.01302023-05-196.6 - 9.60.0Out
 Put
2023-05-19 PUT at $70.0-0.41260.014402023-05-198.7 - 12.00.0In
 Put
2023-05-19 PUT at $75.0-0.48610.01502023-05-1911.8 - 14.50.0In
 Put
2023-05-19 PUT at $80.0-0.55810.015212023-05-1915.1 - 17.50.0In
 Put
2023-05-19 PUT at $85.0-0.62780.014802023-05-1918.5 - 21.00.0In
 Put
2023-05-19 PUT at $90.0-0.68930.01402023-05-1922.2 - 24.90.0In
 Put
2023-05-19 PUT at $95.0-0.74850.012802023-05-1926.3 - 28.90.0In
 Put
2023-05-19 PUT at $100.0-0.79170.011602023-05-1930.6 - 33.20.0In
 Put
2023-05-19 PUT at $105.0-0.83840.009902023-05-1935.0 - 37.70.0In

BlueLinx Holdings Historical Liabilities

While analyzing the current debt level is an essential aspect of forecasting the current year budgeting needs of BlueLinx Holdings, understanding its historical liability is critical in projecting BlueLinx Holdings' future earnings, especially during periods of low and high inflation and deflation. Many analysts look at the trend in assets and liabilities and evaluate how BlueLinx Holdings uses its financing power over time.

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Our tools can tell you how much better you can do entering a position in BlueLinx Holdings without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with BlueLinx Holdings

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BlueLinx Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BlueLinx Holdings will appreciate offsetting losses from the drop in the long position's value.

Moving together with BlueLinx Holdings

+0.68ABMABM Industries Incor Fiscal Year End 21st of December 2022 PairCorr
The ability to find closely correlated positions to BlueLinx Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BlueLinx Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BlueLinx Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BlueLinx Holdings to buy it.
The correlation of BlueLinx Holdings is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BlueLinx Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BlueLinx Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for BlueLinx Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
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Is BlueLinx Holdings' industry 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 BlueLinx Holdings. If investors know BlueLinx 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 BlueLinx Holdings 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 YOY
0.35
Market Capitalization
630.3 M
Quarterly Revenue Growth YOY
0.093
Return On Assets
0.22
Return On Equity
0.8
The market value of BlueLinx Holdings is measured differently than its book value, which is the value of BlueLinx that is recorded on the company's balance sheet. Investors also form their own opinion of BlueLinx Holdings' value that differs from its market value or its book value, called intrinsic value, which is BlueLinx Holdings' 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 BlueLinx Holdings' market value can be influenced by many factors that don't directly affect BlueLinx Holdings' 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 BlueLinx Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine BlueLinx Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BlueLinx Holdings' 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.