CorMedix Inc (CRMD)

[Rapture2020]

I took a harder look and there isn’t much meat left on those $2.50 strike price options absent an unflinching belief that a buyout is going to happen.

And I’m not that confident.

By the by, if it hits the strike price, I understand the profit to be had is any amount over the $2.50 mark. In order to access that profit, I need to buy the underlying 500 shares, correct?

Let’s say I buy 1 contract, 500 shares @ $2.50 for March 19 at a cost of $10. A week before it expires it hits strike price and I wind up selling at $2.75. I understand the profit is $.25 (the data between strike and sell price) x 500 shares = $125. Take away the $10 for the initial contract price and the profit is $115.

When I exercise and sell, do I pay the amount of $1,250 to then receive the $1,375?

You see, I told you I don’t have very much experience with options, lol.