### Comment:
Lol okay bro. Recalculate that itm put after IV is refreshed and the actual Netflix price is determined at the open. 
  
 Good lord your hubris is amazing.

### REPLY:
Okay why are you talking about IV? IV dictates premium... when your option is 38$ deep ITM... its **intrinsic value** is $3800. Now add a premium on your intrinsic value and your IV comes into play. Higher IV, higher premium. Your cost basis is $2600 and just the intrinsic value of your ITM put is $3800. Add premium to it, then your put must be worth atleast $4000

### END.