STRIKE PRICE
Run a Porsche options desk. Buy the right to purchase a 911 at a set price, add your markup, and sell it before it expires. Or hold it, and cash in if the car's value climbs past the strike.
WEEK
CASH
BOOK VALUE
SEASON P&L
SELLERS · OPTIONS FOR SALE
YOUR BOOK
THE WIRE
What happened on the deskINTRINSIC VALUE
If a car is worth $250k and your strike is $240k, the option is worth at least $10k right now. That's what you'd pocket buying at the strike and selling at market.
TIME VALUE
An option with weeks left is worth more than its intrinsic value, because the car might climb further. It melts toward zero as expiry gets closer.
VOLATILITY
GT3 RS and S/T prices swing more than a Carrera's, so their options cost more. More swing means more chance of finishing above the strike.