RE:RE:POET call $3 strike 4-21-23 expiryHave not played options in about 10 years so I shouldn't say anything but.
For starters I am blown away that there would be options available on PTK
And I didn't even check to see if longpoet is correct.
To answer your question the bid and ask for that call was 65 cents to 95 cents.
What that means you can buy the "right" to buy a PTK share for $3.00 up until April 21, 2023 .
And for that " right" you will have to pay between 65 and 95 cents today.
It's a hedge on where you think PTK will go.
So you buy the call for say 65 cents and PTK is trading at $3.65 on April 21 you would be breaking even if you buy the share. If the stock is trading for $5.65 on April 21 then you buy it for $3.00 and can sell it for $5.65 minus your cost you paid for the call option ( 65 cents) and you make $2!