VirTra Inc (VTSI)

[dlewisfl]

fish: The problem with VTSI options is the lack of liquidity. For a contract expiring a few months from now, the NOV 2.5 CALLS actually have "negative time value" on the BID side. You would expect a NOV expiration on such an option to have a BID greater than 2.50 if the stock was trading at 5.00. With VTSI, the BID is lower; for an option with decent open interest the BID would be over 2.50 due to time value. Trading VTSI options right near expiration is incredibly risky as you're not getting fair value for the option. VTSI is gonna need to get over 5.50 probably for your options to have any chance if you paid 0.35 for them. Don't know what the open interest on the ones you bought is but hopefully it's high.