I bought my first option it was a $22.50 put for Sentinelone purchased on Wednesday afternoon expiring this Friday. The stock price crashed 20% and it’s under $22.50 but it’s worth only $50. Can somebody explain to me in simple terms why, although I reached my target price it’s not worth anything?
How do people make money on Options if I reached my target price but it’s not worth anything… does it have to reach this price not on Friday? For purchasing Options did the same week expiry when do people normally sell their options?
Thanks for any input.
