Subject: Re: BV
just did it for the first time in my life. Jan'25 $420's for $13.2. Based on your BV $260 that would be 1.66x together, so quite some above 1.55x if exercised

For a P/BV = 1.66 ((420+13.2)/260), the assumption appears to be that BV does not increase over the next year. If the BV increases by 10% in the next year, the P/BV becomes 1.51 ((420+13.2)/(260*1.1)).

Craig