Bloom Energy ran from around fifty dollars to over three hundred and fifty, then cut itself in half and nearly in half again inside a couple of months. When implied volatility gets that high, the option chain stops looking symmetrical, and this episode digs into exactly why that happens. Options an equal distance above and below the market are not priced equally. Upside strikes carry far more premium, because a stock can only fall to zero while there is no cap in the other direction. That asymmetry turns up in every name with volatility this extreme. Education, not a recommendation. ๐ tastylive: https://www.tastylive.com/ ๐ฐ Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters ๐ FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 ๐ฑ Follow tastylive on X: https://x.com/tastyliveshow Chapters 0:00 Deep in the money calls 1:05 Bloom Energy's enormous range 2:07 Reading the probabilities here 2:58 What creates outsized moves 3:34 Twice the premium on upside 4:35 The velocity argument explained 5:20 A name sitting at lows 5:56 Keeping risk at bay 6:47 Probabilities into year end 7:33 Why volatility implies call skew 8:22 What do you think #tastylive #callskew #impliedvolatility #optionsskew #bloomenergy #optionstrading #mathcheck #optionseducation #tastytrade #trading tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.