Options are so strange

Quote from lynx:

Hi Everyone,... Can anyone clue me in on why this happens? I'm sure it must have something to do with "greeks".
When you deal with options think BS (Black and Scholes Model).
There are many BS calculators available.

<img src=http://bradley.bradley.edu/~arr/bsm/images/model.gif>
 
Thanks again everyone for the info and thanks baro-san for the calculator, that was really interesting to play with.

Happily, my profit target was hit yesterday and I made 30%.
 
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