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CPTMatt

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CPTMatt

Re: None

Tuesday, 09/25/2018 10:34:03 AM

Tuesday, September 25, 2018 10:34:03 AM

Post# of 160314
Question - CVIA 2020 options are adjusted where 1 contract = 20 shares.

Despite that today the $5 strike 2020 calls were priced at 50 cents ($2.50 for 100 shares). The underlying is trading in the mid $10's. The company is a silica sand & aggregates company (so benefits from oil & gas fracking in the US).

Is there any good reason why LEAPs like this would trade in backwardation to the underlying? It isn't sentiment and the volume/open interest is minor.

TIA!

Where powers are assumed which have not been delegated, a nullification of the act is the rightful remedy: that every State has a natural right [...] to nullify of their own authority - Thomas Jefferson

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