Assuming I were to get all 20 contracts (so far only 8), my cost would be $300 (plus commission). My profit potential is based on whether or not ATOMERA announces news. That far out of the money makes this a lotto bet. If news hits before expiration, because I now control 2000 shares (20 contracts), I would essentially reap $2000 for every dollar above $45 the share price rises. Make sense?
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.