Alcoa Corp Stock Options Expiring on 19th of January 2024

AA
 Stock
  

USD 45.83  0.46  1.01%   

Alcoa Corp's latest option contracts expiring on 2024-01-19 are carrying combined implied volatility of 60.82 with a put-to-call open interest ratio of 3.07 over 64 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on 2024-01-19. The current put volume is at 97, with calls trading at the volume of 279. This yields a 0.35 put-to-call volume ratio. The Alcoa Corp option chain provides detailed quote and price information for the current Alcoa Corp option contracts. It shows all of Alcoa Corp's listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2024-01-19 Option Contracts

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

Alcoa Corp Maximum Pain Price across 2024-01-19 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 Alcoa Corp 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.
Alcoa Corp's stock options are financial instruments that give investors the right to buy or sell shares of Alcoa Corp common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Alcoa stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Alcoa Corp's stock price goes up or down, the stock options follow.
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Please note that buying 'in-the-money' options on Alcoa Corp lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Alcoa Corp'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 Alcoa Corp 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 Alcoa Stock moves the wrong way.
The current year Net Income Common Stock is expected to grow to about 462.9 M

Alcoa Corp In The Money Call Balance

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

Alcoa Current Options Market Mood

Alcoa Corp'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 Alcoa 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 Alcoa Corp'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. Alcoa Corp'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. Using current Alcoa Corp's 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 Alcoa contract

Base on the Rule 16, the options market is currently suggesting that Alcoa Corp will have an average daily up or down price movement of about 3.8% per day over the life of the 2024-01-19 option contract. With Alcoa Corp trading at USD45.83, that is roughly USD1.74. If you think that the market is fully incorporating Alcoa Corp's daily price movement you should consider buying Alcoa Corp options at the current volatility level of 60.82%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Alcoa Corp Option Chain

When Alcoa Corp's strike price is surpassing the current stock price, the option contract against Alcoa Corp 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.
2022-12-092022-12-162022-12-232022-12-302023-01-062023-01-132023-01-202023-01-272023-03-172023-04-212023-06-162023-07-212024-01-192025-01-17
Alcoa Corp's option chain is a display of a range of information that helps investors for ways to trade options on Alcoa. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Alcoa. It also shows strike prices and maturity days for a Alcoa Corp 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
2024-01-19 CALL at $17.50.94830.002582024-01-1930.85 - 31.4525.75In
Call
2024-01-19 CALL at $20.00.93270.0033822024-01-1928.95 - 29.330.0In
Call
2024-01-19 CALL at $22.50.91470.0041302024-01-1926.95 - 27.427.7In
Call
2024-01-19 CALL at $25.00.89340.00491642024-01-1925.2 - 25.5526.9In
Call
2024-01-19 CALL at $28.00.86510.006912024-01-1923.05 - 23.6522.05In
Call
2024-01-19 CALL at $30.00.84650.0068792024-01-1921.75 - 22.121.75In
Call
2024-01-19 CALL at $33.00.81460.0078942024-01-1919.85 - 20.322.35In
Call
2024-01-19 CALL at $35.00.79250.0085442024-01-1918.6 - 19.118.9In
Call
2024-01-19 CALL at $38.00.75820.0094512024-01-1916.95 - 17.4517.2In
Call
2024-01-19 CALL at $40.00.73450.01014472024-01-1915.95 - 16.316.1In
Call
2024-01-19 CALL at $43.00.69830.01092782024-01-1914.45 - 14.816.41In
Call
2024-01-19 CALL at $45.00.67320.01151472024-01-1913.5 - 13.7513.6In
Call
2024-01-19 CALL at $47.00.64910.01192022024-01-1912.65 - 12.9513.24In
Call
2024-01-19 CALL at $50.00.61250.01244282024-01-1911.45 - 11.811.6Out
Call
2024-01-19 CALL at $55.00.55290.0135512024-01-199.65 - 10.010.35Out
Call
2024-01-19 CALL at $60.00.49570.01334702024-01-198.15 - 8.458.0Out
Call
2024-01-19 CALL at $65.00.43990.01347842024-01-196.85 - 7.06.75Out
Call
2024-01-19 CALL at $70.00.38970.01322592024-01-195.75 - 5.96.1Out
Call
2024-01-19 CALL at $75.00.34310.01284262024-01-194.8 - 4.955.1Out
Call
2024-01-19 CALL at $80.00.30080.01231792024-01-194.0 - 4.154.29Out
Call
2024-01-19 CALL at $85.00.26120.01161972024-01-193.35 - 3.53.37Out
Call
2024-01-19 CALL at $90.00.23080.01092282024-01-192.83 - 2.943.7Out
Call
2024-01-19 CALL at $95.00.20260.0101992024-01-192.38 - 2.522.61Out
Call
2024-01-19 CALL at $100.00.17870.0094782024-01-191.98 - 2.222.56Out
Call
2024-01-19 CALL at $105.00.15370.00862172024-01-191.63 - 1.842.12Out
Call
2024-01-19 CALL at $110.00.13260.0079972024-01-191.4 - 1.491.25Out
Call
2024-01-19 CALL at $115.00.11620.0072562024-01-191.19 - 1.280.0Out
Call
2024-01-19 CALL at $120.00.10140.0065822024-01-190.99 - 1.110.83Out
Call
2024-01-19 CALL at $125.00.08930.00672024-01-190.83 - 0.980.0Out
Call
2024-01-19 CALL at $130.00.07790.0054422024-01-190.7 - 0.840.45Out
Call
2024-01-19 CALL at $135.00.06780.00493952024-01-190.59 - 0.720.72Out
Call
2024-01-19 CALL at $140.00.06120.00453082024-01-190.53 - 0.640.55Out
 Put
2024-01-19 PUT at $17.5-0.040.0024542024-01-190.76 - 0.950.78Out
 Put
2024-01-19 PUT at $20.0-0.05660.0033772024-01-191.1 - 1.231.17Out
 Put
2024-01-19 PUT at $22.5-0.07490.00412002024-01-191.53 - 1.651.55Out
 Put
2024-01-19 PUT at $25.0-0.09610.00515142024-01-192.03 - 2.212.04Out
 Put
2024-01-19 PUT at $28.0-0.12370.00631282024-01-192.73 - 2.92.79Out
 Put
2024-01-19 PUT at $30.0-0.14460.0072582024-01-193.35 - 3.53.4Out
 Put
2024-01-19 PUT at $33.0-0.17810.008225832024-01-194.3 - 4.454.3Out
 Put
2024-01-19 PUT at $35.0-0.20140.0091802024-01-195.0 - 5.154.85Out
 Put
2024-01-19 PUT at $38.0-0.23820.0123072024-01-196.2 - 6.355.65Out
 Put
2024-01-19 PUT at $40.0-0.26330.01075542024-01-197.05 - 7.27.1Out
 Put
2024-01-19 PUT at $43.0-0.30230.01162242024-01-198.45 - 8.68.5Out
 Put
2024-01-19 PUT at $45.0-0.32860.012143612024-01-199.45 - 9.69.22Out
 Put
2024-01-19 PUT at $47.0-0.3560.012714872024-01-1910.45 - 10.6511.13Out
 Put
2024-01-19 PUT at $50.0-0.39520.013216372024-01-1912.15 - 12.411.81In
 Put
2024-01-19 PUT at $55.0-0.46250.0144652024-01-1915.2 - 15.515.3In
 Put
2024-01-19 PUT at $60.0-0.52570.014219362024-01-1918.55 - 18.8518.5In
 Put
2024-01-19 PUT at $65.0-0.59340.01411102024-01-1922.1 - 22.4521.9In
 Put
2024-01-19 PUT at $70.0-0.64640.0138952024-01-1925.95 - 26.325.62In
 Put
2024-01-19 PUT at $75.0-0.71110.012929152024-01-1929.8 - 30.4532.5In
 Put
2024-01-19 PUT at $80.0-0.75360.0121332024-01-1934.1 - 34.739.35In
 Put
2024-01-19 PUT at $85.0-0.81250.0105442024-01-1938.35 - 39.140.35In
 Put
2024-01-19 PUT at $90.0-0.85070.0087692024-01-1943.2 - 43.6544.1In
 Put
2024-01-19 PUT at $95.0-0.88740.0073342024-01-1947.75 - 48.3547.55In
 Put
2024-01-19 PUT at $100.0-0.92660.004932024-01-1952.55 - 53.352.0In
 Put
2024-01-19 PUT at $105.0-0.94490.00402024-01-1957.35 - 58.20.0In
 Put
2024-01-19 PUT at $110.0-0.9450.003822024-01-1962.4 - 63.150.0In
 Put
2024-01-19 PUT at $115.0-0.88730.00602024-01-1967.3 - 68.10.0In
 Put
2024-01-19 PUT at $120.0-0.89260.005602024-01-1972.3 - 73.050.0In
 Put
2024-01-19 PUT at $125.0-0.88730.005632024-01-1977.2 - 78.10.0In
 Put
2024-01-19 PUT at $130.0-0.88720.005482024-01-1982.3 - 83.10.0In
 Put
2024-01-19 PUT at $135.0-0.88130.005342024-01-1987.2 - 88.20.0In
 Put
2024-01-19 PUT at $140.0-0.95030.0029122024-01-1992.1 - 93.350.0In

Alcoa Corp Net Income Common Stock Over Time

The amount of net income (loss) for the period due to common shareholders. Typically differs from Net Income to the parent entity due to the deduction of Preferred Dividends.
   Net Income Common Stock   
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       Timeline  

Alcoa Corp Historical Liabilities

While analyzing the current debt level is an essential aspect of forecasting the current year budgeting needs of Alcoa Corp, understanding its historical liability is critical in projecting Alcoa Corp's 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 Alcoa Corp 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 Alcoa Corp 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 Alcoa Corp

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 Alcoa Corp 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 Alcoa Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Alcoa Corp

+0.77PFEPfizer Inc Aggressive PushPairCorr
+0.69JPMJPMorgan Chase Fiscal Year End 13th of January 2023 PairCorr
The ability to find closely correlated positions to Alcoa Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alcoa Corp 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 Alcoa Corp - 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 Alcoa Corp to buy it.
The correlation of Alcoa Corp 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 Alcoa Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alcoa Corp 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 Alcoa Corp 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
Please continue to Trending Equities. Note that the Alcoa Corp information on this page should be used as a complementary analysis to other Alcoa Corp's 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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Is Alcoa Corp's 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 Alcoa Corp. If investors know Alcoa 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 Alcoa Corp 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
0.81
Market Capitalization
8.4 B
Quarterly Revenue Growth YOY
(0.08) 
Return On Assets
0.0996
Return On Equity
0.0144
The market value of Alcoa Corp is measured differently than its book value, which is the value of Alcoa that is recorded on the company's balance sheet. Investors also form their own opinion of Alcoa Corp's value that differs from its market value or its book value, called intrinsic value, which is Alcoa Corp'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 Alcoa Corp's market value can be influenced by many factors that don't directly affect Alcoa Corp'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 Alcoa Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Alcoa Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alcoa Corp'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.