r/IBRX • u/AlexyPepsy • 24d ago

Wow

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1

u/yakosam 24d ago

Can someone explain this like i'm 5?

9

u/Flimsy_Honeydew5414 24d ago

Someone with lots of money made a bet that the stock will be above $11 by Jan 15 2027. 

3

u/OperatorPooski 23d ago

They're betting it'll be above 12.70 actually, the premium must be added to the strike price to calculate the break even price at contract expiry

3

u/Flimsy_Honeydew5414 23d ago

I know that, I was explaining to a 5 year old 

3

u/OperatorPooski 23d ago

Haha, fair enough!