Originally Posted by sn0wie
I must correct you good sir.
If AAPL hit $270 on the 15th of August and you're sitting on $270 AUG calls, those calls would be worth nearly a dollar less at $3.50ish--with ~25% volatility assumed. With a 3% volatility assumed, your sitting at that call being worth $0.42.
With September, you'd be looking at just about $8.50 on the 15th of August, with ~25% volatility. With 3% again, $1.00.
Be careful if you're...