### Comment:
Black scholes is a bit more complicated than that...

### REPLY:
For actual pricing an option before exp date, yea.  But my calcs are based entirely on intrinsic at exp date, which is the absolute worse case scenario that he can break even, unless you're trying to tell me BS will model an option price below the intrinsic value? 
  
 If AMD hits $27.50, there's 0 chance his puts will be worth less than $5 each before or on 9/21.

### END.