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
1 Comment
IV crush. What you didn’t mention is what you paid for the call.