Option Strategy 1.1 - PSTH - week ending 4/23
Readings after Friday Market close (Rollover the April 16 to May 21 call ):
Initial cost for May21 20 strike call - $390 ( Rollover of the call option)
Stock price ( At execution) : $26.75
Initial cost of this trade : $270 ($710 - $440)
Last Friday Close : $24.20
Friday Close : $23.90
Weekly price action : ($0.30)
P/L Open : ($22)
Delta : 68.29
Margin Req :391.60
Implied Volatility & Time Value readings
Notes :
-Implied Volatility for OTM 40 Dec21 option keeps falling (Now in 70s), As a result - Loss are greatly reduced($ 22, even though stock price at the time of execution was $26.75 vs $23.90 now. This is because of the Low Sentiment (Because lack of Definitive Agreement with the target).
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