Greeks

My "Greek" friends:

Why is the premium on a same date expiration ITM Call so different for two Calls?
TSLA is around $257 today.

I have 2 TSLA ITM Calls


A long TSLA 200 Call,
A short TSLA 240 Call,
Both expiring this Friday.

To roll both of them out one week,
The 200 was -$50,
the 240, +$250.

A $200 diff?

I rolled them both out for the +$200.

I can say hello, how are you and thank you in Greek.
These Option Greeks are a different bird.

Efharisto.

(Thank you)

 

I don't know where you get your numbers, but they don't make sense at all.
As we speak, TSLA Call 200 is at 58$ and TSLA Call 240 at 18-19$.

 

the spread is 40. if you can collect 200 keep doing it

 

The key word is:
Rolling

 

what's the reason for the roll?

and what was the cost of the spread?

 

I've been rolling this position for a few months, and these aren't my only TSLA Calls.
I've been laddering.

 

My main point is, the deeper ITM the Call is, the smaller the price diff is to roll.

 

so it's not a straight bull call spread, I guess you must be rolling them for a different purpose and that includes other legs.

The deeper itm, the less extrinsic value on your spread, I think that's why it's cheaper roll.
I think the greeks are pretty flat at that point.

 

Datafeed error or stale datafeed.

 

Yes..What costs more,An ATM calender or a way OTM/ITM calendar??


If it helps,think of where the corresponding put calendar should trade..Would you pay alot for a way OTM put calendar or an ATM??

For shits and giggles,look up "jellyroll" and options