If CSCO goes to 24$ the option is worth around 4$+timevalue left...counts for 1:1 ones.. Its trading at 1.50 because there is still some amount of timevalue left + 0.81$ above 20$ instrinsic value.. timevalue+ instrinsic value=1.50$
Longterm Investment, Biotechs & High Yield Dividend Stocks ...#board-11828
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