Please enlighten me = anyone much smarter than me =
the strike 33 leaps of January 2015 are bid around 5 = add that 5+ to 33 strike price
I come up with a "break-even' of a wee over $38 = that's were the stock is RIGHT NOW!
NO premium for time = almost two YEARS?
Am I missing here something??????????????
Methinks a 5 point "premium" for time is "fair value" = why are these leaps not priced around 10??????
Thanks in advance for any enlightenment!
I believe the ask is around 5.70 which still amounts to hardly any premium at all... none actually, given the time frame.
Okay, this is a stock trading in a relatively narrow range so a 10 premium at a 33 strike would seem perhaps a bit excessive. To me seven or eight would be more like it. But five and a half? Is truly ridiculous.