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S&P 500 Options Rebound After President Trump’s Iran Remarks

The S&P 500 surged late in the trading session following President Trump’s statement that the Iran war is “very complete,” bringing nearly worthless $675 strike call options back from lows of $0.02 per contract.

Summary

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Terms & Concepts
  • Call Option: A financial contract giving the holder the right to buy an underlying asset at a specified price before expiration.
  • S&P 500: A major U.S. stock market index tracking 500 leading companies on U.S. exchanges.
  • Strike Price: The predetermined price at which an option holder can buy or sell the underlying asset.