I trade about 1200 option contracts a month.Quote from SCI new york:
Do you trade options? Yes implied volatility plays a large role, but the price of the stock will be a bigger indication on the option value. The closer the stock comes to the strike price, the valuation increases.
DNDN closed only up about 5-10% from Monday's closing price. Why would you go from 1600%+ to negative from a 5-10% change in underlying price?