C Electro Largest Practice: Using the Language of the Options Market Deborah, Trader: What > DELTA AIRLI Equity O Related functioner are the characteristics of DAL US$ 1 23.25 -1.14 123.24/23.25 the May 23 puts ? At 18:40 d Vol 76,007,734 D 24.98F II 25.06N DAL USEOUL Actions . 9 Export Settings Dption Ho DE TA AIR 11 2325 114 5.62412324/23.25 35.06 122.08 Volm 1007734 HM 6.90 Con 23:25 Shken Expan: Excha 104/27/20 - Calc Hode As of 13-20 - orter Strike Putsal 10.35 Tem Structure 1) Home Calls Stre Pus Tiek Bid Ask Thal Tol Last IM Vol Ticker Bid Ask Tall Tal Last TV W 21-Jan 22 (6180): Sine 200; 01 USD, R.59; 1 21an 22 (ed): CS 100, IDI 1 USD, R.5); DUL 1/21/22 C18 10.50 11.50 5.65 5.25 10.90 T7.23 18.000 DA 1/21/22 PIS 4.95 5.50 5.50 5.50 72.01 1 DDAL 1/21/22 C203000 10.25 6.80 3.25 10.05 76.12 120.00 13 A 1/21/22 220 630 6.65 6.35 6.35 73.36 DA 1/21/22 Q3 9.30 U50 25 3.60 75.07 1 21.00 A 1/21/22 223 7.60 8.25 8.19 3.19 666 4 DAL 1/21/22 025 7.95 8.30 7.95 785 72.18 25.00 MBM 1/21/22P258.80 0.667.20 1.75 8.95 6820 1/21/22.00 6.20 6.70 6.26 6.26 9.5 49.00 DAL 1/21/22 F30 12.0 12.00 5.756.75 12 50 91 1-for -20 (d): S 100; R.48; IF 21.00 17-19-20 (41), CSR 300; R.48; w 23:00 DAL 4/17/2002 2.00 5.50 502.25 2.75 207,04 1 21.00 M DAL 51347.034 ODAL 4/17/20 2 200 2.80 78135 2.03 140.41 10 22.00 2017/20 P22577 77141.5254 IDL 1/11/2003 130 140 121 S 1.46 130.07 46 23.00 DO 17/20 P23 138 123 L1937.78 EDAL 4/17/2004 .70 1.466 061444 3X 2400 DL 1/17/20 24 163 100 101 101.75 1.76142.75 24 18 AL 4/17/20025 67 68 68 68 13650135235.00 43 DAL 4/17/20125 1.00 2.25 1.75 2.46113.97 15-May-20 (d): Size 100; Div.1 USO, R 84; IF 15 May 20 (320): Size 100.01 USO: R.84 ID DAS IS20 DL 4.23 4.40003341011745 21.00 UDAL 5/15/20 PZI 1.9 24200 2.0722411 13 5/1/20 022 3.65 3.00 245 125 3.7011461 22.0043 DAL S/15/20 P22 2.30 2.662.46 2.46 115.56 3 IDA2033 3.10 325 2.95 25 3.20 111.7 22.00 DA S/15/20 P22 2.81 2.99 200 2.2 110.461 034 2.50 30 2,70 2.70 127:46 22.00 DA S/15/20 724 3.30 3.45 2.70.75 245 107.81 C25 2.15 2.212.22 222805.00 12.25.00 DNS/IS/20025 3.654.00 2.20 1.75 3.95805.242 d): 100; Div.1 USOR LOW 19-un-20 (670). Cine 100:1 USD,R R 1.20; 1 2.89 30634 01 5.30 5.30 2.852.25 4.00 305.51 21.0019202122230 2027 4.55 4.70 3.30 123 456102.622 30 330 100.83 1 ID 6/19/20 3 4,05 4.20 395 25 4.45 101.50 1 BI 381 98,062 OMON GO SOL They are trading at intrinsic They are trading at-the-money i mes Hints DELTA AIR LI Equity - OMON - Related Functions Menu 3 ESG: 1 0:? DAL US$ 1 23.25 -1.14 N23.24/23.25 143X709 At 18:40 d Vol 76,007,734 0 24.98 H 25.06N L 22.080 val 1.758 DAL US Equity 95) Actions. 96 Export. 90 Settings Option Monitor DELTA AIR LI 23.25 114 4,6741 23.24/23.25 Hi 25.06 Lo 22.08 Volm 76007734 HV 165.99 Center 23.25 Strikes S Exn91-Tan- Ex Comodita 4304/27/20 E EN Calc Mode A m Center Strike 12 Calls/Puts Intrinsic value is the difference between the stock price and the strike Puts Ticker Bid Ask T price. Intrinsic value for puts equals Blu Tek IVallast IVM Vol 21-Jan-22 (648d); CSize 100; strike - stock. You can see intrinsic d): CSize 100; IDIOT USD; R 59: IR DI DAL 1/21/22 C18 10.50 11.50 5 value in the IVal column 18 4.95 5.50 5.50 5.50 72.91 1 DAL 1/21/22 020 10.00 10.256 PO 6.30 6.65 6.35 635 73.36 DAL 1/21/22 C23 8.75 9.30 8 53 7.00 8.25 8.19 8.19 676 4 DAL 1/21/22 C25 7.95 8.30 7.95 7.85 72.38 3 25.00 34 DAL 1/21/22 P25 8.80 9.65 7.20 1.75 8.95 68.20 DAL 1/21/22 C30 6.20 6.70 6.26 6.26 69.15 4 30.00 35 DAL 1/21/22 P30 12.05 12.90 5.756.75 12.50 64.91 17-Apr-20 (4d); CSize 100; R.48; IFwd 23.06 S. 17-Apr-20 (40); Size 100; R.48; IFwd 23.06 DAL 4/17/20 021 2.00 5.50 50 2.25 2.75 267,84 18 21.00 38 DAL 4/17/20 P21 .49 55 51 51147.9342 ML 4/17/20 022 2.00 2.10 .781.25 2.03 140.41 10 22.00 30 DAL 4/17/20 P22.75 85 77 .77141,52 54 DAL 4 IAL 4/17/20 P23 1.18 1.23 1.19 1.19 137,78 75 DAL 4 At-the-money means the stock price is equal 4/17/20 P24 1.63 1.991.0175 176 142.75 24 IN DAL 47 to or close to the strike price. At the money AL 4/17/20 P25 1.60 2.85 711.75 2.46 113.97 9 5-May-20 (32d); Size 100: Div.01 USD; R 84; IFW 15-May calls and puts do not have intrinsic value. 2.07 124.11 1/15/20 P21 1.99 2.43 2.07 10 DAL 5/ Here is an example, where we can see that 2.46 115.56 3 13 DAL 5/ the strike. $23, and the stock price shown on AL SIN 29-022 2.30 2.66 2.46 2.89 110.46 1 W 5/15/P23 2.81 2.93 2.89 13 DAL 5/ 10 DAL 5 the upper left ($23.25) are close so this MAL 5/15/20 724 3.30 3.45 2.70 .25 3.45 107.81 M 5/15/20 P25 3,85 4,00 2.20 1.75 3.95 105.242 option is at-the-money 19 DAL 57 19-Jun-20 (67d); CSize 100; IDiv.01 USE Close 19 Jun 2 21.00 DAL 6/19/20 P21 2.83 3.05 2.89 18 DAL 6/19/20 021 5.10 5.30 2.852.25 4.00 105.54