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As is known, immediate earning report will usually move the stock sharply and therefore, options are more expensive than their fair market value.
SHLD is expected to report earning on the morning of Nov 16. However, the company has not confirmed yet.
On the morning of Nov 8, SHLD was down about $2 near 170, near the low of the day. However, its calls begun to to up quickly. Nov 180 call went up from 1.0, 1.2, 1.5, ... 2.0 while the stocks remain little moved in the period of time. Why? News came out that the company will report earning on Nov 19 ....
Well, next time. We should know what we shold do ...
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