Here’s an interesting options anecdote. Last week, I decided to “buy” a $300 March put on MSTR. I use quotes because I am not insane enough to actually buy it. I was just curious what the price would do.
I sort of forgot about it until just now, but since the stock has gone up literally three figures since last week, I figure the put would be down 95% or something. In fact, it was down just a FEW percent, even though it is massively out of the money now. The reason? A soaring IV, as our cool new options charts shows.
