> Personally I find the reporting of underlying value more useful than the price paid in puts
How so?
If I buy TSLA puts at a $10 strike or a $500 strike they show up the exact same on the 13F as both have to be reported as if they are delta 1 when showing a share count.
One is a very meaningful bet and one is throwing money away.
More likely, it’s just a misunderstanding of what’s being communicated in this thread. Options are quite complicated and these comments here are rather brief so there’s probably a lot getting lost in the discussion.
How so?
If I buy TSLA puts at a $10 strike or a $500 strike they show up the exact same on the 13F as both have to be reported as if they are delta 1 when showing a share count.
One is a very meaningful bet and one is throwing money away.