That's helpful - i really appreciate the explanation. It still seems like the overwhelming supply could completely wipe out the prices, but I'm new to this and don't know enough context.
I'm a new trader. Can someone explain to me why nobody on this thread thinks oil can sink into the single digits? Are there technicals you're looking at? Just curious.
I am new to options and am dutifully eating my humble pie, aka getting my paper buns kicked.
Nonetheless, I'd like to get my human buns kicked too.
So:
I'm trying to buy puts on Google, and I have a few questions.
1) Should I buy GOOG or GOOGL? What's the difference?
2) Why is there...