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?

    https://marketchameleon.com/Overview/WOLF/IV/#:~:text=WOLF%20implied%20volatility%20(IV)%20is,implied%20volatility%20is%20trending%20higher.

    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

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