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Alias Born | 12/31/2014 |
Friday, July 29, 2016 7:42:12 PM
Sorry.. truth be told.. I went to the local bar.
However, your first impression is correct. We bet that the price is above the bought in strike price by a certain date or the contract expires worthless.
At the moment, the $2.50 contracts are "in the money".. and the next strike, in SUNW case is $5.00... if you buy a $5.00 strike then you assume the PPS will meet or exceed that price by what ever date you pick. It makes that price or expires worthless.
My point was people are buying the $5.00 contracts.. at a not too distant strike date. These people BELIEVE that SUNW will meet-and- beat the $5.00 target price very soon. Don't take my word for it.. look at the options price yourselves.
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