I just got my first LEAP… With Wolfspeed…
heres the stats…
delta = 1.0021
vega = -47.5336
gamma = -0.00
theta = -0.0001
rho = 0.3253
$1 Strike
$0.86 premium
The vega is what's throwing me off big time. I'm trying to read more about it but google is telling me this is a weird position. Is there a name for this? I bought a call but it's saying it's either a short volatility position or that I sold calls (i didnt… literally bought calls).
This feels so strange because if the stock price goes up I don't see volatility sitting at 260% like it has been forever. Most of the stocks life has been way below this volatility . I think I'm seeing this is the 89th percentile?
Anyway, i can't mind much in this kind of position and want to hear you guys thoughts .
Wolfspeed has weird options on RH right now…
byu/Bravadette inoptions
Posted by Bravadette