Reading options quotes
The quote for the SPY Dec 2022 300.000 call can be found at the following link. The price is 31.05
https://au.finance.yahoo.com/quote/SPY2 ... 6C00300000
Say I want to invest 100k, hold the option until just before expiration and say the S&P goes up to 350 by that time.
So according to my calculations I could buy N=100k/(31.05*100) options contracts and the profit I would make would be N*100 shares*(350-300)=$161,030 (not accounting for fees).
Is this right?
https://au.finance.yahoo.com/quote/SPY2 ... 6C00300000
Say I want to invest 100k, hold the option until just before expiration and say the S&P goes up to 350 by that time.
So according to my calculations I could buy N=100k/(31.05*100) options contracts and the profit I would make would be N*100 shares*(350-300)=$161,030 (not accounting for fees).
Is this right?