Patterson Companies Stock Options

PDCO
 Stock
  

USD 24.80  0.09  0.36%   

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

In The Money vs. Out of Money Option Contracts on Patterson Companies

Analyzing Patterson Companies' in-the-money options over time can help investors to take a profitable long position in Patterson Companies regardless of its overall volatility. This is especially true when Patterson Companies' options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Patterson Companies' options could be used as guardians of the underlying stock as they move almost dollar for dollar with Patterson Companies' stock while costing only a fraction of its price.
Patterson Companies' latest option contracts expiring on 2022-10-21 are carrying combined implied volatility of 25.69 with a put-to-call open interest ratio of 1.56 over 48 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on 2022-10-21. The current put volume is at 31, with calls trading at the volume of 33. This yields a 0.94 put-to-call volume ratio. The Patterson Companies option chain provides detailed quote and price information for the current Patterson Companies option contracts. It shows all of Patterson Companies' listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2022-10-21 Option Contracts

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

Patterson Companies 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 Patterson Companies 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.
Patterson Companies' stock options are financial instruments that give investors the right to buy or sell shares of Patterson Companies common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Patterson stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Patterson Companies' stock price goes up or down, the stock options follow.
Please check Your Equity Center.
Please note that buying 'in-the-money' options on Patterson Companies lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Patterson Companies' 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 Patterson Companies 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 Patterson Stock moves the wrong way.

Patterson Companies In The Money Call Balance

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

Patterson Current Options Market Mood

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

Base on the Rule 16, the options market is currently suggesting that Patterson Companies will have an average daily up or down price movement of about 1.61% per day over the life of the 2022-10-21 option contract. With Patterson Companies trading at $24.8, that is roughly $0.4. If you think that the market is fully incorporating Patterson Companies' daily price movement you should consider buying Patterson Companies options at the current volatility level of 25.69%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Patterson Companies Option Chain

When Patterson Companies' strike price is surpassing the current stock price, the option contract against Patterson Companies 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
Patterson Companies' option chain is a display of a range of information that helps investors for ways to trade options on Patterson. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Patterson. It also shows strike prices and maturity days for a Patterson Companies 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 $18.00.94960.0202022-10-216.1 - 7.70.0In
Call
2022-10-21 CALL at $19.00.94240.025902022-10-215.2 - 6.60.0In
Call
2022-10-21 CALL at $20.00.93330.034502022-10-214.3 - 5.50.0In
Call
2022-10-21 CALL at $21.00.92090.048302022-10-213.5 - 4.30.0In
Call
2022-10-21 CALL at $22.00.8790.075902022-10-212.4 - 3.50.0In
Call
2022-10-21 CALL at $23.00.77990.115102022-10-211.75 - 2.50.0In
Call
2022-10-21 CALL at $24.00.65220.161602022-10-211.25 - 1.450.0In
Call
2022-10-21 CALL at $25.00.47820.181432022-10-210.65 - 0.90.82Out
Call
2022-10-21 CALL at $26.00.30490.162922022-10-210.3 - 0.50.54Out
 Put
2022-10-21 PUT at $23.0-0.22790.1123112022-10-210.3 - 0.450.34Out
 Put
2022-10-21 PUT at $24.0-0.35370.15041762022-10-210.5 - 0.750.65Out
 Put
2022-10-21 PUT at $25.0-0.51630.16932532022-10-210.95 - 1.151.18In
 Put
2022-10-21 PUT at $26.0-0.67110.15041042022-10-211.6 - 1.80.9In
 Put
2022-10-21 PUT at $27.0-0.80420.1175762022-10-212.2 - 2.71.7In
 Put
2022-10-21 PUT at $28.0-0.78630.08315232022-10-213.3 - 3.93.22In
 Put
2022-10-21 PUT at $29.0-0.85280.0663962022-10-213.9 - 5.03.0In
 Put
2022-10-21 PUT at $30.0-0.88350.0522262022-10-214.7 - 6.11.8In
 Put
2022-10-21 PUT at $31.0-0.9110.04102022-10-215.5 - 7.20.0In
 Put
2022-10-21 PUT at $32.0-0.90.037812022-10-216.5 - 8.32.6In
 Put
2022-10-21 PUT at $33.0-0.9220.030802022-10-217.6 - 9.10.0In
 Put
2022-10-21 PUT at $34.0-0.92610.027402022-10-218.4 - 10.35.4In
 Put
2022-10-21 PUT at $35.0-0.92950.024702022-10-219.3 - 11.40.0In
 Put
2022-10-21 PUT at $36.0-0.93240.022502022-10-2110.2 - 12.50.0In
 Put
2022-10-21 PUT at $37.0-0.93490.020702022-10-2111.2 - 13.50.0In
 Put
2022-10-21 PUT at $38.0-0.9370.019202022-10-2112.2 - 14.50.0In
 Put
2022-10-21 PUT at $39.0-0.93890.017902022-10-2113.0 - 15.70.0In
 Put
2022-10-21 PUT at $40.0-0.94060.027802022-10-2114.1 - 16.60.0In
 Put
2022-10-21 PUT at $45.0-0.95980.01102022-10-2118.6 - 22.00.0In

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 Patterson Companies 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, Patterson Companies' short interest history, or implied volatility extrapolated from Patterson Companies options trading.

Currently Active Assets on Macroaxis

Please check Your Equity Center. Note that the Patterson Companies information on this page should be used as a complementary analysis to other Patterson Companies' 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Complementary Tools for Patterson Stock analysis

When running Patterson Companies price analysis, check to measure Patterson Companies' 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 Patterson Companies is operating at the current time. Most of Patterson Companies' value examination focuses on studying past and present price action to predict the probability of Patterson Companies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Patterson Companies' price. Additionally, you may evaluate how the addition of Patterson Companies to your portfolios can decrease your overall portfolio volatility.
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Go
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Go
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
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
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
Piotroski F Score
Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Fundamental Analysis
View fundamental data based on most recent published financial statements
Go
CEO Directory
Screen CEOs from public companies around the world
Go
Is Patterson Companies' 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 Patterson Companies. If investors know Patterson 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 Patterson Companies 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 Patterson Companies is measured differently than its book value, which is the value of Patterson that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson Companies' value that differs from its market value or its book value, called intrinsic value, which is Patterson Companies' 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 Patterson Companies' market value can be influenced by many factors that don't directly affect Patterson Companies' 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 Patterson Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine Patterson Companies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson Companies' 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.