I bought a 85 CAVA 5/31 OTM Call before earnings. It is now ITM and I’m still down? Why isn’t the intrinsic value not worth anything? Still has a couple days to go, shouldn’t it be worth 100 x the difference between 85 and whatever the stock is at (eg. (88-85) x 100 = 300)

    Thanks for any info

    Bought OTM Call on CAVA. Now is ITM, but worth less with a couple days to expiry? Explanation?
    byu/CumLauder inoptions



    Posted by CumLauder

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