Monday, September 13, 2021 4:50:46 PM
We gonna FLY! Heavy interest on WSB and Yahoo Finance
Up to $6.84 AH. Ran fast to $6.92+several times this week but this is the catalyst everyone's been waiting for
Is the Options Market Predicting a Spike in Root (ROOT) Stock?
7:50 am ET September 13, 2021 (Zacks) Print
Investors in Root, Inc. ROOT need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 15, 2021 $10.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Root shares, but what is the fundamental picture for the company? Currently, Root is a Zacks Rank #3 (Hold) in Insurance – Property and Casualty industry that ranks in Top 19% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while two have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from a loss of 64 cents per share to a loss of 67 cents in that period.
Given the way analysts feel about Root right now, this huge implied volatility could mean there’s a trade developing. Often times, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
It's "just money," enjoy it but can't let being upset about losing sometimes get in the way of enjoying your life.
Recent ROOT News
- Root, Inc. Announces 2024 First Quarter Results • GlobeNewswire Inc. • 04/30/2024 08:15:00 PM
- U.S. Index Futures Point to Mild Decline Ahead of Key Earnings and Fed Rate Decision • IH Market News • 04/30/2024 11:59:59 AM
- Root, Inc. Schedules Conference Call to Discuss First Quarter 2024 Financial Results • GlobeNewswire Inc. • 04/10/2024 08:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:22:00 PM
- Root, Inc. Announces 2023 Fourth Quarter and Full Year Results • GlobeNewswire Inc. • 02/21/2024 09:15:00 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/21/2024 09:09:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/21/2024 09:05:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:13:12 PM
- Matt Bonakdarpour Elevated to President and Chief Technology Officer at Root • GlobeNewswire Inc. • 02/20/2024 01:30:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 10:24:19 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 11:53:28 AM
- Root, Inc. Schedules Conference Call to Discuss 2023 Fourth Quarter and Full Year Financial Results • GlobeNewswire Inc. • 02/05/2024 10:13:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/05/2024 09:23:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/05/2024 09:22:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/05/2024 09:20:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/05/2024 09:19:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/18/2024 09:06:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 11:32:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 11:31:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 11:30:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 11:29:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/20/2023 09:18:37 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 12/06/2023 09:53:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/05/2023 09:40:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/05/2023 09:07:45 PM
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