### Comment:
oh shit lol. Premium is $40. So if LULU goes to $200 would the premium be worth $60? 2k profit? 
  
 EDIT: Im gonna guess that it wont effect the premium as much as if it were expiring 8/6. So Maybe it moves like $5-$8?

### REPLY:
It would be a 2k profit. Those contracts are so deep ITM that it’s all intrinsic value. Also you are using “premium” incorrectly. You need to do some learnin

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