/biz/ - Business & Finance

Anonymous Fri Feb 26 08:19:58 2021 No.29751459 [View]
File: 39 KB, 904x329, GME Options 2021-02-26.png [View same] [iqdb] [saucenao] [google]

I don't dabble in options (because I don't understand them), so forgive if this is a retarded question:
>Call options give the buyer the right (but not obligation) to buy
If they aren't obligated to buy, why are the $800 calls that expire today so important (and why is it important that they end ITM)?
>I get that 52k option contracts is huge, but it seems moot if they aren't under an obligation to buy.

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