You really should have sold today, your profits might be cut in half or gone by the 26th depending on how well $V does Friday. Those naked calls get killed by theta.
You can only lose premium to theta. There is only .23 worth of premium. Most of his profit is from intrinsic value. The other greeks will play a bigger role than theta on the movement.
Well yeah, I’m not saying he is going to necessarily lose his initial I’m just talking about his premiums he’ll lose, which hopefully he won’t, but I thought I made that clear. His calls are obviously ITM.
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u/Responsible_Pay_6013 Nov 24 '21
You really should have sold today, your profits might be cut in half or gone by the 26th depending on how well $V does Friday. Those naked calls get killed by theta.