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BTDRBitdeer Technologies Group
Next verified earnings Nov 9, 2026 · Risk & Greeks
Candidate risk exposures
Current snapshot · Oct 7, 2026
| Structure | Delta | Gamma | Theta / year | Vega / vol point | Maximum loss |
|---|---|---|---|---|---|
| Long Straddle | 9.704 | 26.6913 | -1159.61 | 2.62 | $237.50 |
| Long Strangle | 39.599 | 18.4364 | -878.77 | 1.88 | $117.50 |
| Calendar | -3.912 | -3.9239 | 56.65 | 0.26 | $12.50 |
Interactive lesson · synthetic example
The stock moved. Did the options win?
One $100 call + one $100 put. Entry: 14 days to expiry, 80% IV.
European Black–Scholes sensitivity model · 4% rate · 100-share multiplier · no fees, dividends, skew or early exercise. This is an educational scenario, not an earnings forecast.
Why can a correct stock-price view still lose?
The trade must earn back its premium. Lower implied volatility and less time can reduce option value enough to offset a stock move. Try the “Flat stock + IV crush” preset, then increase the move until modeled P&L becomes positive.
Does a historical move tell me the next outcome?
No. History describes observed events. Use several price and volatility scenarios and inspect the risk rather than treating one median as a forecast.