hi, i only use paper account to learn how to execute/exercise options. So TSLA is just an example. Trying to understand how the market value is calculated (and P&L)
1 option = 100 shares Premium of $31 has a multiplier of 100. So, that was a debit of $3100 to your account. Now that the premium is $41. You have an unrealized gain of $4100-$3100= $1000. The commissions are trivial.
Bro, what are you talking about? The vol was 58 and it was carrying north of 60. No event was priced in. stay in your lane bro and don’t be snide to newbies when you yourself don’t know what you are talking about.
So I just made an honest misassumption he bought them last week on Friday at $31 a contract. That would be the only reason I can think of as to why the $100 OTM weekly call would be so expensive. In that case, you could've just simply corrected me that he was buying ITM/ATM calls today? Almost, feels like you were hiding the fact I was making an oversight just so you can get a chance to gloat on your superior knowledge.
Why would i hide a fact in a post made by someone else? It doesn't matter why or if the call was expensive. What mattered is that he didn't understand why he made money. You weren't very nice to the OP while being off topic and wrong in your statements.
How was I not being very nice to OP? I was trying to offer constructive criticism but I was only offtopic since I made a little oversight into thinking he bought the calls last week. Your trying to escalate a small matter into something gigantic.
you were denigrating his trade when his question had nothing to do with the rationale of the position and then you got virtually every aspect of the situation wrong: earnings, timing, and vol level. You were trying to show off your smarts and you turn out to be the dumbest guy in the thread.