Nurix Therapeutics Stock Options

NRIX
 Stock
  

USD 13.32  0.21  1.60%   

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

In The Money vs. Out of Money Option Contracts on Nurix Therapeutics

Analyzing Nurix Therapeutics' in-the-money options over time can help investors to take a profitable long position in Nurix Therapeutics regardless of its overall volatility. This is especially true when Nurix Therapeutics' options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Nurix Therapeutics' options could be used as guardians of the underlying stock as they move almost dollar for dollar with Nurix Therapeutics' stock while costing only a fraction of its price.
Nurix Therapeutics' latest option contracts expiring on 2022-10-21 are carrying combined implied volatility of 5.68 with a put-to-call open interest ratio of 0.07 over 22 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2022-10-21. The current put volume is at 11, with calls trading at the volume of 101. This yields a 0.11 put-to-call volume ratio. The Nurix Therapeutics option chain provides detailed quote and price information for the current Nurix Therapeutics option contracts. It shows all of Nurix Therapeutics' listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2022-10-21 Option Contracts

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

Nurix Current Options Market Mood

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

Base on the Rule 16, the options market is currently suggesting that Nurix Therapeutics will have an average daily up or down price movement of about 0.35% per day over the life of the 2022-10-21 option contract. With Nurix Therapeutics trading at $13.32, that is roughly $0.0473. If you think that the market is fully incorporating Nurix Therapeutics' daily price movement you should consider buying Nurix Therapeutics options at the current volatility level of 5.68%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Nurix Therapeutics Option Chain

When Nurix Therapeutics' strike price is surpassing the current stock price, the option contract against Nurix Therapeutics 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.
2022-10-212022-11-182023-01-202023-04-21
Nurix Therapeutics' option chain is a display of a range of information that helps investors for ways to trade options on Nurix. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Nurix. It also shows strike prices and maturity days for a Nurix Therapeutics 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 $5.00.96780.008702022-10-216.0 - 10.50.0In
Call
2022-10-21 CALL at $7.50.94850.020602022-10-213.5 - 8.05.5In
Call
2022-10-21 CALL at $10.00.8950.057702022-10-211.1 - 5.57.15In
Call
2022-10-21 CALL at $12.50.62360.083212022-10-210.1 - 4.13.6In
 Put
2022-10-21 PUT at $15.0-0.62780.101342022-10-210.4 - 5.01.6In
 Put
2022-10-21 PUT at $17.5-0.81490.073412022-10-212.5 - 6.92.6In
 Put
2022-10-21 PUT at $20.0-0.5710.039602022-10-214.5 - 9.00.0In
 Put
2022-10-21 PUT at $22.5-0.59080.035602022-10-217.0 - 11.50.0In
 Put
2022-10-21 PUT at $25.0-0.60520.032752022-10-219.5 - 14.09.75In
 Put
2022-10-21 PUT at $30.0-0.64580.029402022-10-2114.5 - 18.817.07In
 Put
2022-10-21 PUT at $35.0-0.63850.026202022-10-2119.5 - 24.00.0In

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Is Nurix Therapeutics' 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 Nurix Therapeutics. If investors know Nurix 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 Nurix Therapeutics 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 Nurix Therapeutics is measured differently than its book value, which is the value of Nurix that is recorded on the company's balance sheet. Investors also form their own opinion of Nurix Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Nurix Therapeutics' 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 Nurix Therapeutics' market value can be influenced by many factors that don't directly affect Nurix Therapeutics' 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 Nurix Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine Nurix Therapeutics value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nurix Therapeutics' 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.