4 ms·
Are those american or european? Doesn’t have high out of the money but if I’m reading it right the potential returns for buying Jan 20th were insane. A $60 cal
by graeme 6y ago
Are those american or european?
Doesn’t have high out of the money but if I’m reading it right the potential returns for buying Jan 20th were insane. A $60 call potion expiring Jan 29th was $1.20.
GME went to $500 or so. If you exercised such an option at, say, $350, your profit on the exercise would have been $290.
At a cost of $1.20. 242x return.
And thank you, that site is incredible. Very hard to find such data. Another example of HN’s value. I searched for this kind of thing off and on for weeks, but it randomly pops up on an unrelated thread because I made an offhand mention. That’s HN.
- sokoloff 6y agoThe options are American-style. I also love the typo of “potion” for option in your second paragraph. It seems especially fitting for this story.
- chris_st 6y agoYou're most welcome -- glad I had the link. > Very hard to find such data. That is the understatement of the decade.
- graeme 6y agoHuh interesting the site is offering the free data as a byproduct to sell affordably priced subscriptions. They could probably improve their SEO, unless they are new within the past nine months or so. When I searched historical options prices extensively nothing came up. Do you have any affiliation with them? If not I can reach out directly. There are some pretty obvious strategies that would make them much more prominent for searches like “SPY historical options prices”
- chris_st 6y agoNope, no relationship, and I don't even remember how I found them :-). I added that link to pinboard in November, 2019, so they've been around at least that long. But by all means reach out to me if you've got a winning options strategy :-) or want freelance data-mangling or web stuff done (I'm retired, I'm a pretty good programmer) to get there.