I came across an option with an exercise price of $1.00 until mid-December. The premium per contract is $20 and the fee's are $30. The current price of the share on the market is $41.00.
Correct me if I'm wrong, but if I buy 4 contracts, I will pay $80 in premium, $30 in fees and then have 4 shares exercised at $4.00. I sell those at the market rate of $41 = $164, minus the premium + fee's = $110 and I'll have $54 profit left.
Am I missing something, or is this just a good deal?