Probably a naive question but....
If I look at the options for a particular stock, how accurate of a forecast could that be to purchase said stock?
What time frame would you think is best to examine? 2 weeks, 3 weeks, a month?
Example: I bought AQN Friday at $18.97. It fell to $18.68 at close.
Looking at the long calls for May 15, 92% have a price set at $21.00. A few are just below that.
I'm wondering if this is an accurate "guess" at close to where this stock should go?
For the sake of contrast, there are 3256 long calls, and just 33 short.
If I look at the options for a particular stock, how accurate of a forecast could that be to purchase said stock?
What time frame would you think is best to examine? 2 weeks, 3 weeks, a month?
Example: I bought AQN Friday at $18.97. It fell to $18.68 at close.
Looking at the long calls for May 15, 92% have a price set at $21.00. A few are just below that.
I'm wondering if this is an accurate "guess" at close to where this stock should go?
For the sake of contrast, there are 3256 long calls, and just 33 short.
