Long Call Butterflies for Pinning
Call Butterfly26 trades pass on HPQ
- Return on risk
- 110.5% to 1,000%+
- Probability of profit
- 12.7% to 76.5%
Hp Inc · Technology
In the app, stock prices are live and options data is refreshed intraday.
HPQ last closed at $29.36 with 30-day implied volatility of 59.3%. That is near the top of its one-year range (IV rank 76), so option premiums on HPQ are expensive compared with its own recent history. Measured by IV percentile, IV is higher than 90% of the past year's readings. Options expiring Dec 11 (28 days out) price a one standard deviation move of about $4.95, or 16.9%.
The price is above its 200-day moving average (+17.5%) but below its 50-day (-6.5%), a pullback inside a longer uptrend. It is 17.2% below its 52-week high and 61.3% above its 52-week low. The 14-day RSI of 45.2 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $1.37, about 4.7% of the price, a measure of a typical day's range.
Option volume at the close (8.94K contracts) was 0.5x its average, quieter than usual. A beta of 0.65 means HPQ has tended to move about 0.7 times as much as the broad market. 2 of our preset screens found trades on HPQ at the close, led by Long Call Butterflies for Pinning with 26 trades.
Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.
| Expiration | IV | Expected move | 1 SD range | Straddle |
|---|---|---|---|---|
| Nov 20, 20267 days | 52.2% | ±$2.12 (7.2%) | $27.24 to $31.48 | $1.70 |
| Dec 11, 202628 days | 60.9% | ±$4.95 (16.9%) | $24.41 to $34.31 | $3.93 |
| Jan 15, 202763 days | 50.9% | ±$6.21 (21.2%) | $23.15 to $35.57 | $4.92 |
| Feb 19, 202798 days | 50.2% | ±$7.64 (26.0%) | $21.72 to $37.00 | $6.04 |
Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.
Counts and ranges for HPQ from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.
26 trades pass on HPQ
1 trade passes on HPQ
Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.