02-04-2023, 01:55 PM
Why is my PSNL options down even though stock is way above strike price ?
<!-- SC_OFF --><div class="md"><p>So in December I bought 7 call options for PSNL (a small genomics company).</p> <p>Strike price: $2.50 Expiry: Jul 2023</p> <p>Why is the value of the options down -$96. Even thought PSNL is now at $3.68 !! </p> <p>If anyone can help me make sense of this I’d be very appreciative. Thanks.. I would have thought each option should be up $100 by now ?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/bango92"> /u/bango92 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/10snf8g/why_is_my_psnl_options_down_even_though_stock_is/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/10snf8g/why_is_my_psnl_options_down_even_though_stock_is/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>So in December I bought 7 call options for PSNL (a small genomics company).</p> <p>Strike price: $2.50 Expiry: Jul 2023</p> <p>Why is the value of the options down -$96. Even thought PSNL is now at $3.68 !! </p> <p>If anyone can help me make sense of this I’d be very appreciative. Thanks.. I would have thought each option should be up $100 by now ?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/bango92"> /u/bango92 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/10snf8g/why_is_my_psnl_options_down_even_though_stock_is/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/10snf8g/why_is_my_psnl_options_down_even_though_stock_is/">[comments]</a></span>