A quick way to guess how much the option will be worth with say...a $1 move +/- is to look at how much the stock is trading at the money.
Then look at the current history of pps option out of the money say $5 up/down. (Or $1 in this case).
Gives you an ideal price target range of how much an xyz move will be worth without too much hassle.
No number crunching, the data is infront of you already, basically.
Its also a fast way of gadging LIMIT ORDERS and letting the market come to you !! =)
It is a puzzling thing. The truth knocks on the door and you say, "Go away, I'm looking for the truth," and so it goes away. Puzzling.
Stop by the ETERNITY board for a contrarian approach to all mattersof life