Options Wonderland

[samaelrocks]

Certainly had a strong close. Checking out the prices of options, and this will sound elementary, but look at the difference between the Jan $65 and $70 calls:

65.00 BUDAM.X Last 4.20 Bid 3.90 Ask 4.20
70.00 BUDAN.X Last 0.10 Bid 0.10 Ask 0.15

I understand that the $65 calls are ITM. But such a huge difference with $70 not far off? I guess you have to consider that $70 is higher than the 52 week high.

I bought some Jan $70 calls for .15. The risk/reward was a no-brainer.