What’s really interesting is how interested people are in buying puts right now. Today was the first day available to do so. I bought mine pretty early in the day and paid $460 per while the stock price was at $51.
Well it was over $60 by the end of the day, but my put call, instead of drastically going down in value like it should have, was actually selling for $580.
So many people are after puts against reddit that even as the stock went up another 18% throughout the day, puts were continuing to be bought at higher and higher prices.
So now my options are worth $120 a piece over what I bought them for, while reddit jumped another 30% in value from opening this morning to right now where it’s sitting at $62.90
What’s really interesting is how interested people are in buying puts right now. Today was the first day available to do so. I bought mine pretty early in the day and paid $460 per while the stock price was at $51.
Well it was over $60 by the end of the day, but my put call, instead of drastically going down in value like it should have, was actually selling for $580.
So many people are after puts against reddit that even as the stock went up another 18% throughout the day, puts were continuing to be bought at higher and higher prices.
So now my options are worth $120 a piece over what I bought them for, while reddit jumped another 30% in value from opening this morning to right now where it’s sitting at $62.90
Holy shit. I just peeked at put prices, they’re all almost double calls, that’s hilarious.
That really tells me about liquidity and the IV of your position.
Same here
I bought as many puts as I can