AA220930P00044000 Option on Alcoa Corp

AA
 Stock
  

USD 49.07  1.06  2.11%   

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

In The Money vs. Out of Money Option Contracts on Alcoa Corp

Analyzing Alcoa Corp's in-the-money options over time can help investors to take a profitable long position in Alcoa Corp regardless of its overall volatility. This is especially true when Alcoa Corp's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Alcoa Corp's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Alcoa Corp's stock while costing only a fraction of its price.
Alcoa Corp's latest option contracts expiring on 2022-12-02 are carrying combined implied volatility of 85.53 with a put-to-call open interest ratio of 0.58 over 110 outstanding agreements suggesting investors are buying more calls than puts on contracts expiring on 2022-12-02. The current put volume is at 5127, with calls trading at the volume of 18316. This yields a 0.28 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 2022-12-02 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 2022-12-02 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.
Please continue to Trending Equities.
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 5.35% per day over the life of the 2022-12-02 option contract. With Alcoa Corp trading at USD49.07, that is roughly USD2.62. 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 85.53%. 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.
2022-12-022022-12-092022-12-162022-12-232022-12-302023-01-062023-01-202023-03-172023-04-212023-06-162023-07-212024-01-192025-01-17
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
2022-12-02 CALL at $25.00.96760.003432022-12-0224.7 - 25.4520.0In
Call
2022-12-02 CALL at $28.00.96620.004202022-12-0221.8 - 22.40.0In
Call
2022-12-02 CALL at $29.00.97410.003902022-12-0220.95 - 21.30.0In
Call
2022-12-02 CALL at $30.00.97270.004322022-12-0219.85 - 20.312.55In
Call
2022-12-02 CALL at $31.00.96040.005702022-12-0218.8 - 19.40.0In
Call
2022-12-02 CALL at $32.00.96360.005902022-12-0217.75 - 18.350.0In
Call
2022-12-02 CALL at $32.50.96860.005602022-12-0217.35 - 17.80.0In
Call
2022-12-02 CALL at $33.00.96140.006502022-12-0216.9 - 17.350.0In
Call
2022-12-02 CALL at $33.50.9740.005502022-12-0216.25 - 16.750.0In
Call
2022-12-02 CALL at $34.00.95910.0073502022-12-0215.75 - 16.3514.7In
Call
2022-12-02 CALL at $34.50.95790.007702022-12-0215.4 - 15.850.0In
Call
2022-12-02 CALL at $35.00.96360.0075132022-12-0214.8 - 15.312.9In
Call
2022-12-02 CALL at $35.50.95520.008702022-12-0214.35 - 14.850.0In
Call
2022-12-02 CALL at $36.00.96120.008402022-12-0213.85 - 14.30.0In
Call
2022-12-02 CALL at $36.50.95230.009802022-12-0213.3 - 13.850.0In
Call
2022-12-02 CALL at $37.00.99220.0033152022-12-0212.85 - 13.4511.05In
Call
2022-12-02 CALL at $37.50.95710.010202022-12-0212.3 - 12.80.0In
Call
2022-12-02 CALL at $38.00.99160.0038232022-12-0211.95 - 12.359.78In
Call
2022-12-02 CALL at $38.50.94530.012742022-12-0211.35 - 11.858.45In
Call
2022-12-02 CALL at $39.00.97460.0089342022-12-0210.9 - 11.57.68In
Call
2022-12-02 CALL at $39.50.96090.012112022-12-0210.45 - 10.756.7In
Call
2022-12-02 CALL at $40.00.99020.0053362022-12-0210.0 - 10.39.73In
Call
2022-12-02 CALL at $40.50.93620.016902022-12-029.3 - 9.850.0In
Call
2022-12-02 CALL at $41.00.93350.0183562022-12-028.8 - 9.356.5In
Call
2022-12-02 CALL at $41.50.94130.018602022-12-028.25 - 8.80.0In
Call
2022-12-02 CALL at $42.00.95140.0182752022-12-027.95 - 8.256.75In
Call
2022-12-02 CALL at $42.50.92390.023792022-12-027.25 - 7.854.2In
Call
2022-12-02 CALL at $43.00.94620.0222782022-12-027.0 - 7.257.05In
Call
2022-12-02 CALL at $43.50.95160.022862022-12-026.45 - 7.03.36In
Call
2022-12-02 CALL at $44.00.9850.01231232022-12-026.0 - 6.36.15In
Call
2022-12-02 CALL at $44.50.9840.0142282022-12-025.35 - 5.952.06In
Call
2022-12-02 CALL at $45.00.96590.02513742022-12-025.0 - 5.355.52In
Call
2022-12-02 CALL at $45.50.98130.0193352022-12-024.45 - 4.854.39In
Call
2022-12-02 CALL at $46.00.9340.04396412022-12-024.05 - 4.454.22In
Call
2022-12-02 CALL at $46.50.95580.0416932022-12-023.55 - 3.83.5In
Call
2022-12-02 CALL at $47.00.90920.06623412022-12-023.05 - 3.353.24In
Call
2022-12-02 CALL at $47.50.89570.08261342022-12-022.61 - 2.883.01In
Call
2022-12-02 CALL at $48.00.80620.10555042022-12-022.27 - 2.512.42In
Call
2022-12-02 CALL at $48.50.76180.12825442022-12-021.89 - 2.071.88In
Call
2022-12-02 CALL at $49.00.6930.14724322022-12-021.56 - 1.671.53In
Call
2022-12-02 CALL at $49.50.61470.16055262022-12-021.25 - 1.341.2In
Call
2022-12-02 CALL at $50.00.53250.1738132052022-12-020.95 - 1.050.98In
Call
2022-12-02 CALL at $51.00.36450.161718532022-12-020.53 - 0.60.69Out
Call
2022-12-02 CALL at $52.00.21840.12884292022-12-020.26 - 0.310.28Out
Call
2022-12-02 CALL at $53.00.13260.08763192022-12-020.12 - 0.160.16Out
Call
2022-12-02 CALL at $54.00.06340.0518832022-12-020.05 - 0.080.05Out
Call
2022-12-02 CALL at $55.00.03170.02886702022-12-020.02 - 0.040.03Out
Call
2022-12-02 CALL at $56.00.01210.0129932022-12-020.0 - 0.020.01Out
Call
2022-12-02 CALL at $57.00.01080.01031032022-12-020.0 - 0.030.01Out
Call
2022-12-02 CALL at $60.00.01440.0092532022-12-020.0 - 0.020.02Out
 Put
2022-12-02 PUT at $28.0-0.00680.0015582022-12-020.0 - 0.010.03Out
 Put
2022-12-02 PUT at $29.0-0.0090.002132022-12-020.0 - 0.010.04Out
 Put
2022-12-02 PUT at $30.0-0.00320.001272022-12-020.0 - 0.010.01Out
 Put
2022-12-02 PUT at $37.0-0.0050.00243112022-12-020.0 - 0.010.01Out
 Put
2022-12-02 PUT at $38.0-0.00540.00281672022-12-020.0 - 0.010.01Out
 Put
2022-12-02 PUT at $39.5-0.00620.0036612022-12-020.0 - 0.020.01Out
 Put
2022-12-02 PUT at $40.0-0.00650.00396422022-12-020.0 - 0.020.01Out
 Put
2022-12-02 PUT at $41.0-0.01220.00692052022-12-020.01 - 0.020.02Out
 Put
2022-12-02 PUT at $41.5-0.01290.0077272022-12-020.0 - 0.020.02Out
 Put
2022-12-02 PUT at $42.0-0.01360.00854072022-12-020.01 - 0.020.02Out
 Put
2022-12-02 PUT at $42.5-0.01150.00814232022-12-020.01 - 0.020.04Out
 Put
2022-12-02 PUT at $43.0-0.01520.010614772022-12-020.01 - 0.020.02Out
 Put
2022-12-02 PUT at $43.5-0.01620.0123132022-12-020.0 - 0.030.02Out
 Put
2022-12-02 PUT at $44.0-0.02340.016515152022-12-020.01 - 0.030.03Out
 Put
2022-12-02 PUT at $44.5-0.02510.01894262022-12-020.02 - 0.030.03Out
 Put
2022-12-02 PUT at $45.0-0.03320.02478542022-12-020.02 - 0.040.04Out
 Put
2022-12-02 PUT at $45.5-0.03270.02736572022-12-020.02 - 0.050.06Out
 Put
2022-12-02 PUT at $46.0-0.05190.03944842022-12-020.05 - 0.070.06Out
 Put
2022-12-02 PUT at $46.5-0.06880.05121652022-12-020.07 - 0.090.08Out
 Put
2022-12-02 PUT at $47.0-0.08750.06555872022-12-020.09 - 0.130.1Out
 Put
2022-12-02 PUT at $47.5-0.13290.08641602022-12-020.14 - 0.190.17Out
 Put
2022-12-02 PUT at $48.0-0.18190.1072912022-12-020.21 - 0.270.25Out
 Put
2022-12-02 PUT at $48.5-0.23920.1279552022-12-020.3 - 0.380.35Out
 Put
2022-12-02 PUT at $49.0-0.30090.15151242022-12-020.42 - 0.480.49Out
 Put
2022-12-02 PUT at $49.5-0.37860.1712332022-12-020.58 - 0.680.6Out
 Put
2022-12-02 PUT at $50.0-0.46770.17312762022-12-020.79 - 0.910.85Out
 Put
2022-12-02 PUT at $51.0-0.63250.1588112022-12-021.37 - 1.481.45In
 Put
2022-12-02 PUT at $52.0-0.80830.1329202022-12-021.99 - 2.252.08In
 Put
2022-12-02 PUT at $53.0-0.87320.08762022-12-022.88 - 3.155.3In
 Put
2022-12-02 PUT at $54.0-0.96080.040602022-12-023.65 - 4.150.0In
 Put
2022-12-02 PUT at $55.0-0.96640.0299162022-12-024.65 - 5.157.25In
 Put
2022-12-02 PUT at $56.0-0.94230.033502022-12-025.7 - 6.20.0In
 Put
2022-12-02 PUT at $57.0-0.92780.032102022-12-026.65 - 7.00.0In
 Put
2022-12-02 PUT at $58.0-0.91760.0302022-12-027.65 - 8.050.0In
 Put
2022-12-02 PUT at $59.0-0.93780.023802022-12-028.65 - 9.00.0In
 Put
2022-12-02 PUT at $60.0-0.9940.004952022-12-029.7 - 10.0511.5In
 Put
2022-12-02 PUT at $65.0-0.9840.006802022-12-0214.7 - 15.117.0In
 Put
2022-12-02 PUT at $70.0-0.95070.010702022-12-0219.65 - 20.050.0In
 Put
2022-12-02 PUT at $75.0-0.95620.008402022-12-0224.65 - 25.050.0In

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   
Share
       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.

Be your own money manager

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.

Did you try this?

Run Performance Analysis Now

   

Performance Analysis

Check effects of mean-variance optimization against your current asset allocation
All  Next Launch Module

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.
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 Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Complementary Tools for Alcoa Stock analysis

When running Alcoa Corp price analysis, check to measure Alcoa Corp's 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 Alcoa Corp is operating at the current time. Most of Alcoa Corp's value examination focuses on studying past and present price action to predict the probability of Alcoa Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Alcoa Corp's price. Additionally, you may evaluate how the addition of Alcoa Corp to your portfolios can decrease your overall portfolio volatility.
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
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
8.9 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.