Birdwatch Note Rating
2024-06-21 23:14:24 UTC - NOT_HELPFUL
Rated by Participant: 6CE2E389D4909EC8BA6DDB7DE5AD9467BAFE3383DC3FA8032BCDF89428ED265B
Participant Details
Original Note:
High IV is normal on OTM options close to expiry, including on stocks like GME historically, due to gamma and the amount of open interest. High IV does not mean the option will be profitable. Delta can be used as a proxy for probability, and these calls have a delta of 0.00. https://www.investopedia.com/terms/g/gamma.asp
All Note Details