Quote from 11Blade:
I'm not sure where that Nov 85 Put is going to go but AAPL on the surface of things had a good earning report.
My hypothetical trade had me short 85 puts at 5.05.
If AAPL gaps up early and ends down by the end of the day I would not be surprised.
closed hypothetical position at 2.85
(+2.20)
did not contract as much as I expected.