Premium

Il prezzo dell’opzione stessa — ciò che l’acquirente paga e il venditore incassa, quotato per azione (quindi × 100 per contratto).

The premium is the price you pay to buy an option, or the amount you collect when you sell one. It is quoted per share, so a premium of 2.50 on a standard equity option actually costs 250 dollars, because one contract covers 100 shares. That single number bundles together intrinsic value (how far in the money the option already is) and time value (what the market charges for the remaining chance of a favourable move).

In practice, buyers want the premium to be cheap relative to the move they expect, while sellers treat it as income they keep if the option expires worthless. If you buy a call for 3.00, the stock has to rise enough to cover that 3.00 before you break even, not just past the strike. Sellers, on the other hand, watch theta slowly erode the premium in their favour day after day.

A common mistake is treating a low premium as automatically cheap. A far out of the money option can cost very little and still be a poor bet, because the probability of it ever paying off is tiny. Always weigh the premium against the odds and the size of the move it needs, not against the raw dollar figure alone.

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Tutti i termini sulle opzioni

Solo per uso didattico. Le quotazioni sono ritardate di circa 15 minuti e nulla di ciò che è riportato qui è consulenza finanziaria. Il trading di opzioni comporta un rischio sostanziale di perdita.