learning in public - could someone eli5 my payment obligations in the pic? I’m fine paying $24 on a gamble but not $170 x 100 sharespic.twitter.com/5LGKTr9PhW
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learning in public - could someone eli5 my payment obligations in the pic? I’m fine paying $24 on a gamble but not $170 x 100 sharespic.twitter.com/5LGKTr9PhW
oh, in this picture you’re buying! you have $0 obligations, other than you have to purchase the option at a $24 ticket price! the person who’s selling you the option is liable for a lot if the price goes up past $170. i don’t think individual investors should do this!
the only case where they could is as writing a covered call, where if they have 100 shares already they sell the option to sell them at a $170 strike price. that would make some sense. selling naked calls on this is probably a bad idea!
interesting - well i’ll learn more by doing ty
pic.twitter.com/3JyDxvhiab
woah hey y’all this is so cool!? so we could sell each contract we bought for $24 yesterday for $26 now? since the market has judged the $170-share-price-by-11/26 event as more likely to happen? am i understanding this all correctly?pic.twitter.com/ApNy3wTv94
yes, I think? there are way more knowledgeable people in this thread but I think this is now "in the money"
the option is worth more, and you could sell at a profit, but i think the technical term in the money means that the currect price of the underlying security, $aapl, is worth more than the strike price, $170, which it is not
ye
as @DanielleFong said: "in the money" means that price > strike (in other words, that executing the option and immediately selling the stock received gives a profit)
atm the option is "out of the money," but its *premium* (the price of the option itself) has increased
thank you! learning the vocab is hard
agreed lol, it took me forever to keep the terms straight
keep in mind this is a bet that is aggressive about how far and fast aapl will be more than $170. the option with an expiry of february will earn as much but was like 10x as expensive at about $210. but it might be a better risk reward. good points about macbook earnings in q4
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