andy,
I have since upgraded my implied volitility. The true value of the options are what someone is willing to buy and sell them for. We will find out in the coming days what that is.
Feel free to play around in any one of the many black-scholes calculators to come up with your own opinion andy.
You remind me a little of oscar the grouch or tony abbott at question tmie on this site. :-)
chart, page-19
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