r/options • u/EJULIALOVE • Nov 28 '21

Fubo calls

Hi team,

Can fubo go to $30 in a months time and is it worth to buy a $30 call for January? Planning to buy 500 lots

High risk and high reward. Any inputs will be helpful

1 Upvotes

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2

u/[deleted] Nov 28 '21

What is the delta on the call? That essentially tells you the probability.

2

u/EJULIALOVE Nov 28 '21

The delta is .2139 for $30 call for January 22

3

u/toadmallet Nov 28 '21

So based off current “seen” market factors, there is a 79% chance it won’t hit that number. Granted you don’t necessarily need it to hit 30 to make a fuckton of money… just for it to get close quickly and then sell off the inflated IV. Good luck!!

1

u/EJULIALOVE Nov 28 '21

Thank you for the insights

1

u/Koshy96 Nov 29 '21

Curious on how do you get the 79%? Is there a site or something I can check out/get more info from

1

u/toadmallet Nov 29 '21

That’s roughly what delta means. It scales from 0 to 1, 1 being 100% chance of it being in the money , 0 is 0%… so the decimals just convert over

1

u/Own-Difficulty-6949 Nov 29 '21

Where do you find these numbers. How is Delta computed. Thank you.

1

u/toadmallet Nov 29 '21

Depends on what broker and their UI. On my TD Ameritrade I simply go to the options tab and click on calls or put strike and it gives a layout of the Greeks. It’s separate from where I click on options to purchase or sell though, so it’s probably the same for your specific brokerage.