4.40Open5.25Pre Close62 Volume17 Open Interest123.00Strike Price24.94KTurnover58.23%IV2.07%PremiumDec 20, 2024Expiry Date1.05Intrinsic Value100Multiplier4DDays to Expiry2.57Extrinsic Value100Contract SizeAmericanOptions Type0.5686Delta0.0494Gamma33.08Leverage Ratio-0.3830Theta0.0081Rho18.81Eff Leverage0.0537Vega
The wolf of Toronto : It’s insiders selling more what the mkt can take.
Chad Dunbar OP : Seeing that we are about halfway through December, people should expect some insider selling. If they are holding options that expire at the end of the year, they can either place a broker trade to convert the options into shares or they can sell the options without taking on broker trade fees. Some of them probably had limit sell orders that triggered when the price got above a certain level. So it probably wasn’t a case of insiders actively sitting in front of their computers and manually hitting the sell button. That’s why I generally don’t prioritize paying much attention to insider selling. The few times that I do, it has more to do with CEOs dumping larger than normal amounts right before an earnings call, as it signals a lack of public perception awareness and strategic thinking, which in turn suggests that leadership of the company is suboptimal. I don’t see any real issue with CAVA right now, and they have a lot of growth ahead of them.