LHX220819C00300000 Option on L3Harris Technologies

LHX
 Stock
  

USD 215.67  4.72  2.14%   

L3Harris Technologies' option chain provides insight into all available option contracts written on L3Harris Technologies' stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of L3Harris Technologies' 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 L3Harris option contract. View S&P 500 options
  
Purchasing L3Harris Technologies 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" L3Harris calls. Remember, the seller must deliver L3Harris Technologies stock to the call owner when a call is exercised.

In The Money vs. Out of Money Option Contracts on L3Harris Technologies

Analyzing L3Harris Technologies' in-the-money options over time can help investors to take a profitable long position in L3Harris Technologies regardless of its overall volatility. This is especially true when L3Harris Technologies' options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money L3Harris Technologies' options could be used as guardians of the underlying stock as they move almost dollar for dollar with L3Harris Technologies' stock while costing only a fraction of its price.
L3Harris Technologies' latest option contracts expiring on 2022-10-21 are carrying combined implied volatility of 60.77 with a put-to-call open interest ratio of 0.58 over 66 outstanding agreements suggesting investors are buying more calls than puts on contracts expiring on 2022-10-21. The current put volume is at 282, with calls trading at the volume of 1981. This yields a 0.14 put-to-call volume ratio. The L3Harris Technologies option chain provides detailed quote and price information for the current L3Harris Technologies option contracts. It shows all of L3Harris Technologies' listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2022-10-21 Option Contracts

L3Harris Technologies 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 L3Harris Technologies' lending market. For example, when L3Harris Technologies' 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 L3Harris Technologies, he or she must hedge the risk by shorting L3Harris Technologies stock over its option's life.
The chart above shows L3Harris Technologies' 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. L3Harris Technologies' open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for L3Harris Technologies' option, there is no secondary market available for investors to trade.

L3Harris Technologies Maximum Pain Price across 2022-10-21 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 L3Harris Technologies 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.
L3Harris Technologies' stock options are financial instruments that give investors the right to buy or sell shares of L3Harris Technologies common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell L3Harris stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If L3Harris Technologies' stock price goes up or down, the stock options follow.
Additionally, see Correlation Analysis.
Please note that buying 'in-the-money' options on L3Harris Technologies lessens the impact of time decay, as they carry both intrinsic and time value. So, even if L3Harris Technologies' 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 L3Harris Technologies 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 L3Harris Stock moves the wrong way.

L3Harris Technologies In The Money Call Balance

When L3Harris Technologies' strike price is surpassing the current stock price, the option contract against L3Harris Technologies stock is said to be in the money. When it comes to buying L3Harris Technologies' 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 L3Harris Technologies 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.

L3Harris Current Options Market Mood

L3Harris Technologies' 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 L3Harris 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 L3Harris Technologies' calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. L3Harris Technologies' 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 L3Harris Technologies' 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 L3Harris contract

Base on the Rule 16, the options market is currently suggesting that L3Harris Technologies will have an average daily up or down price movement of about 3.8% per day over the life of the 2022-10-21 option contract. With L3Harris Technologies trading at $215.67, that is roughly $8.19. If you think that the market is fully incorporating L3Harris Technologies' daily price movement you should consider buying L3Harris Technologies options at the current volatility level of 60.77%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

L3Harris Technologies Option Chain

When L3Harris Technologies' strike price is surpassing the current stock price, the option contract against L3Harris Technologies 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.
2022-10-212022-11-182023-01-202023-02-172023-05-192023-10-20
L3Harris Technologies' option chain is a display of a range of information that helps investors for ways to trade options on L3Harris. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for L3Harris. It also shows strike prices and maturity days for a L3Harris Technologies 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
2022-10-21 CALL at $120.00.9846.0E-402022-10-2198.5 - 103.00.0In
Call
2022-10-21 CALL at $125.00.98317.0E-402022-10-2193.5 - 98.00.0In
Call
2022-10-21 CALL at $130.00.97918.0E-402022-10-2188.7 - 93.00.0In
Call
2022-10-21 CALL at $135.00.97639.0E-402022-10-2183.8 - 88.00.0In
Call
2022-10-21 CALL at $140.00.98019.0E-402022-10-2178.5 - 83.00.0In
Call
2022-10-21 CALL at $145.00.97690.001102022-10-2173.6 - 78.00.0In
Call
2022-10-21 CALL at $150.00.97350.001302022-10-2168.7 - 73.00.0In
Call
2022-10-21 CALL at $155.00.96960.001602022-10-2163.8 - 68.00.0In
Call
2022-10-21 CALL at $160.00.96150.00202022-10-2159.1 - 63.00.0In
Call
2022-10-21 CALL at $165.00.94560.002602022-10-2154.3 - 58.50.0In
Call
2022-10-21 CALL at $170.00.93950.00302022-10-2149.4 - 53.50.0In
Call
2022-10-21 CALL at $175.00.93250.003602022-10-2144.5 - 48.50.0In
Call
2022-10-21 CALL at $180.00.90980.004602022-10-2140.5 - 43.40.0In
Call
2022-10-21 CALL at $185.00.89570.005502022-10-2135.2 - 39.00.0In
Call
2022-10-21 CALL at $190.00.86590.006802022-10-2130.8 - 34.50.0In
Call
2022-10-21 CALL at $195.00.84710.008402022-10-2126.0 - 29.50.0In
Call
2022-10-21 CALL at $200.00.8080.010332022-10-2121.7 - 25.035.5In
Call
2022-10-21 CALL at $210.00.70050.015552022-10-2113.9 - 15.922.2In
Call
2022-10-21 CALL at $220.00.52570.0215202022-10-217.1 - 8.19.0In
Call
2022-10-21 CALL at $230.00.32960.0187622022-10-213.2 - 4.14.0Out
Call
2022-10-21 CALL at $240.00.17830.01346462022-10-211.6 - 2.51.8Out
Call
2022-10-21 CALL at $250.00.09990.00845902022-10-210.6 - 1.30.35Out
Call
2022-10-21 CALL at $260.00.0590.0052952022-10-210.3 - 1.10.55Out
Call
2022-10-21 CALL at $270.00.05490.0041882022-10-210.05 - 1.150.7Out
Call
2022-10-21 CALL at $300.00.03250.002182022-10-210.1 - 0.750.05Out
Call
2022-10-21 CALL at $310.00.00998.0E-422022-10-210.0 - 1.750.1Out
Call
2022-10-21 CALL at $360.00.00423.0E-416882022-10-210.0 - 0.10.05Out
 Put
2022-10-21 PUT at $360.0-0.98548.0E-402022-10-21137.5 - 142.00.0In
 Put
2022-10-21 PUT at $350.0-0.98219.0E-402022-10-21127.6 - 132.00.0In
 Put
2022-10-21 PUT at $340.0-0.98469.0E-402022-10-21117.5 - 122.00.0In
 Put
2022-10-21 PUT at $330.0-0.98380.00102022-10-21107.5 - 112.00.0In
 Put
2022-10-21 PUT at $320.0-0.97980.001302022-10-2197.6 - 102.00.0In
 Put
2022-10-21 PUT at $310.0-0.98240.001202022-10-2187.5 - 92.081.43In
 Put
2022-10-21 PUT at $300.0-0.97380.001802022-10-2177.7 - 82.00.0In
 Put
2022-10-21 PUT at $290.0-0.9720.002102022-10-2167.7 - 72.00.0In
 Put
2022-10-21 PUT at $280.0-0.96950.002512022-10-2157.7 - 62.044.75In
 Put
2022-10-21 PUT at $270.0-0.94690.00702022-10-2148.2 - 52.00.0In
 Put
2022-10-21 PUT at $260.0-0.92930.005702022-10-2138.5 - 42.00.0In
 Put
2022-10-21 PUT at $250.0-0.90230.0083102022-10-2128.4 - 32.521.8In
 Put
2022-10-21 PUT at $240.0-0.83150.0135362022-10-2119.3 - 23.010.15In
 Put
2022-10-21 PUT at $230.0-0.68570.0199942022-10-2112.1 - 13.213.0In
 Put
2022-10-21 PUT at $220.0-0.47350.0222672022-10-216.5 - 7.37.68Out
 Put
2022-10-21 PUT at $210.0-0.25970.0183382022-10-212.75 - 4.92.9Out
 Put
2022-10-21 PUT at $200.0-0.15590.010782022-10-211.05 - 3.21.91Out
 Put
2022-10-21 PUT at $195.0-0.12450.0083242022-10-211.05 - 2.151.21Out
 Put
2022-10-21 PUT at $190.0-0.10670.006632022-10-210.85 - 2.41.5Out
 Put
2022-10-21 PUT at $185.0-0.07530.00512022-10-210.6 - 5.01.0Out
 Put
2022-10-21 PUT at $180.0-0.08970.004662022-10-210.05 - 3.10.95Out
 Put
2022-10-21 PUT at $175.0-0.0570.00341032022-10-210.35 - 1.40.6Out
 Put
2022-10-21 PUT at $170.0-0.06320.003122022-10-210.05 - 2.30.6Out
 Put
2022-10-21 PUT at $165.0-0.06140.002702022-10-210.05 - 2.50.0Out
 Put
2022-10-21 PUT at $160.0-0.05980.002432022-10-210.05 - 2.70.25Out
 Put
2022-10-21 PUT at $155.0-0.05110.0021462022-10-210.05 - 2.350.35Out
 Put
2022-10-21 PUT at $150.0-0.01820.00162022-10-210.15 - 1.250.3Out
 Put
2022-10-21 PUT at $135.0-0.00644.0E-42562022-10-210.05 - 0.20.1Out
 Put
2022-10-21 PUT at $125.0-0.00322.0E-4912022-10-210.05 - 0.50.05Out

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 L3Harris Technologies 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, L3Harris Technologies' short interest history, or implied volatility extrapolated from L3Harris Technologies options trading.

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Additionally, see Correlation Analysis. Note that the L3Harris Technologies information on this page should be used as a complementary analysis to other L3Harris Technologies' 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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When running L3Harris Technologies price analysis, check to measure L3Harris Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy L3Harris Technologies is operating at the current time. Most of L3Harris Technologies' value examination focuses on studying past and present price action to predict the probability of L3Harris Technologies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move L3Harris Technologies' price. Additionally, you may evaluate how the addition of L3Harris Technologies to your portfolios can decrease your overall portfolio volatility.
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Is L3Harris Technologies' 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 L3Harris Technologies. If investors know L3Harris 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 L3Harris Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of L3Harris Technologies is measured differently than its book value, which is the value of L3Harris that is recorded on the company's balance sheet. Investors also form their own opinion of L3Harris Technologies' value that differs from its market value or its book value, called intrinsic value, which is L3Harris Technologies' 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 L3Harris Technologies' market value can be influenced by many factors that don't directly affect L3Harris Technologies' 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 L3Harris Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine L3Harris Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, L3Harris Technologies' 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.