0.00Open0.95Pre Close0 Volume0 Open Interest27.00Strike Price0.00Turnover9013.27%IV-1.01%PremiumDec 6, 2024Expiry Date1.21Intrinsic Value100Multiplier-5DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type-0.6623Delta0.2050Gamma27.15Leverage Ratio-1595.8856Theta0.0000Rho-17.98Eff Leverage0.0001Vega
Growth Investor27 : TLRY beer part of it's buisness is worth $2.70 a share alone
BelleWeather OP Growth Investor27 : Agreed, the company is undervalued by many metrics. I think shares are absolutely reasonable, given valuation, cash position, catalysts and etc. But I bought calls with very high IV premium,, which I find fun, but can’t recommend.
rennymc BelleWeather OP : I don’t trade options. Can you please explain what “buying calls with very high IV premium” means? Thanks!
BelleWeather OP rennymc : Long calls are options contracts that give the buyer the right to buy shares (usually 100 of them,) at a certain price, called the strike, by a certain date, called the expiry. The cost is called the premium, and in part it depends on how much the price is expected to move, or the volatility. When unknowns become known, this volatility drops, along with the premium, unless the share price makes an unexpectedly large move. So, I overpaid, basically, but am hoping the change in share price makes up for it.