Co Diagnostics Stock Options

CODX
 Stock
  

USD 2.98  0.12  3.87%   

Co Diagnostics' option chain provides insight into all available option contracts written on Co Diagnostics' stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Co Diagnostics' 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 Co Diagnostics option contract. View S&P 500 options
  
Purchasing Co Diagnostics 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" Co Diagnostics calls. Remember, the seller must deliver Co-Diagnostics stock to the call owner when a call is exercised.

In The Money vs. Out of Money Option Contracts on Co Diagnostics

Analyzing Co Diagnostics' in-the-money options over time can help investors to take a profitable long position in Co Diagnostics regardless of its overall volatility. This is especially true when Co Diagnostics' options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Co Diagnostics' options could be used as guardians of the underlying stock as they move almost dollar for dollar with Co Diagnostics' stock while costing only a fraction of its price.
Co Diagnostics' latest option contracts expiring on 2022-12-09 are carrying combined implied volatility of 113.23 with a put-to-call open interest ratio of 0.06 over 26 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2022-12-09. The current put volume is at 1, with calls trading at the volume of 7. This yields a 0.14 put-to-call volume ratio. The Co Diagnostics option chain provides detailed quote and price information for the current Co-Diagnostics option contracts. It shows all of Co Diagnostics' listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2022-12-09 Option Contracts

Co Diagnostics 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 Co Diagnostics' lending market. For example, when Co Diagnostics' 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 Co Diagnostics, he or she must hedge the risk by shorting Co Diagnostics stock over its option's life.
The chart above shows Co Diagnostics' 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. Co Diagnostics' open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Co Diagnostics' option, there is no secondary market available for investors to trade.
Co Diagnostics' stock options are financial instruments that give investors the right to buy or sell shares of Co-Diagnostics common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Co Diagnostics stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Co Diagnostics' stock price goes up or down, the stock options follow.
Continue to Trending Equities.
Please note that buying 'in-the-money' options on Co Diagnostics lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Co Diagnostics' 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 Co Diagnostics 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 Co Diagnostics Stock moves the wrong way.

Co-Diagnostics In The Money Call Balance

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

Co Diagnostics Current Options Market Mood

Co Diagnostics' 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 Co Diagnostics 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 Co Diagnostics' calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Co Diagnostics' 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 Co Diagnostics' 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 Co Diagnostics contract

Base on the Rule 16, the options market is currently suggesting that Co-Diagnostics will have an average daily up or down price movement of about 7.08% per day over the life of the 2022-12-09 option contract. With Co Diagnostics trading at USD2.98, that is roughly USD0.21. If you think that the market is fully incorporating Co Diagnostics' daily price movement you should consider buying Co-Diagnostics options at the current volatility level of 113.23%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Co Diagnostics Option Chain

When Co Diagnostics' strike price is surpassing the current stock price, the option contract against Co-Diagnostics 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.
2022-12-092022-12-162022-12-232022-12-302023-01-062023-01-132023-01-202023-02-172023-05-192024-01-192025-01-17
Co Diagnostics' option chain is a display of a range of information that helps investors for ways to trade options on Co Diagnostics. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Co Diagnostics. It also shows strike prices and maturity days for a Co Diagnostics 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
2022-12-09 CALL at $0.50.98750.010502022-12-090.4 - 4.60.0In
Call
2022-12-09 CALL at $1.00.9320.03402022-12-090.2 - 4.20.0In
Call
2022-12-09 CALL at $2.00.82320.07402022-12-090.1 - 3.20.0In
Call
2022-12-09 CALL at $2.50.75270.103702022-12-090.05 - 2.60.0In
Call
2022-12-09 CALL at $3.00.48091.7876812022-12-090.05 - 0.550.08Out
Call
2022-12-09 CALL at $3.50.14590.53841802022-12-090.0 - 0.050.03Out
 Put
2022-12-09 PUT at $3.0-0.57043.97162022-12-090.0 - 0.10.05In
 Put
2022-12-09 PUT at $3.5-0.41130.156602022-12-090.05 - 2.60.0In
 Put
2022-12-09 PUT at $5.0-0.84990.188302022-12-090.1 - 4.10.0In

Co Diagnostics Investors Sentiment

The influence of Co Diagnostics' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Co Diagnostics. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Co Diagnostics' public news can be used to forecast risks associated with investment in Co Diagnostics. The trend in average sentiment can be used to explain how an investor holding Co Diagnostics can time the market purely based on public headlines and social activities around Co-Diagnostics. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Co Diagnostics' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Co Diagnostics' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Co Diagnostics' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Co Diagnostics.

Co Diagnostics Implied Volatility

    
  113.23  
Co Diagnostics' implied volatility exposes the market's sentiment of Co-Diagnostics stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Co Diagnostics' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Co Diagnostics stock will not fluctuate a lot when Co Diagnostics' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Co Diagnostics in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Co Diagnostics' short interest history, or implied volatility extrapolated from Co Diagnostics options trading.

Pair Trading with Co Diagnostics

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 Co Diagnostics 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 Co Diagnostics will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Co Diagnostics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Co Diagnostics 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 Co Diagnostics - 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 Co-Diagnostics to buy it.
The correlation of Co Diagnostics 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 Co Diagnostics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Co-Diagnostics 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 Co Diagnostics 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.
Pair CorrelationCorrelation Matching
Continue to Trending Equities. Note that the Co-Diagnostics information on this page should be used as a complementary analysis to other Co Diagnostics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

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Is Co Diagnostics' 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 Co Diagnostics. If investors know Co Diagnostics 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 Co Diagnostics 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
0.31
Market Capitalization
92.1 M
Quarterly Revenue Growth YOY
(0.83) 
Return On Assets
0.0467
Return On Equity
0.13
The market value of Co-Diagnostics is measured differently than its book value, which is the value of Co Diagnostics that is recorded on the company's balance sheet. Investors also form their own opinion of Co Diagnostics' value that differs from its market value or its book value, called intrinsic value, which is Co Diagnostics' 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 Co Diagnostics' market value can be influenced by many factors that don't directly affect Co Diagnostics' 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 Co Diagnostics' value and its price as these two are different measures arrived at by different means. Investors typically determine Co Diagnostics value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Co Diagnostics' 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.