What Am I Missing Here On This Options Purchase?

H

hayder1

I entered a put order for 30 options of TGT on this last Friday (1/11) towards the end of the day at $0.74/option and a strike of $67.50 with an expiration of 14 days.

The price I wanted was below the market price at the time and triggered once that stock approached roughly $70.

Fast forward to today and the stock drops roughly $1.20 - $1.30 from where I bought the options and they are still only worth $0.74 a share.

Did one day closer to expiration really = $1.20 drop in the stock price?

I don't understand how there was no value gained with a 2% drop in the stock.

Please help me understand what I'm missing.
 
Theta + IV are probably factors. Looks like IV went down compared to last close

upload_2019-1-14_16-42-46.png
 
hayder1 said:
I entered a put order for 30 options of TGT on this last Friday (1/11) towards the end of the day at $0.74/option and a strike of $67.50 with an expiration of 14 days.

The price I wanted was below the market price at the time and triggered once that stock approached roughly $70.

Fast forward to today and the stock drops roughly $1.20 - $1.30 from where I bought the options and they are still only worth $0.74 a share.

Did one day closer to expiration really = $1.20 drop in the stock price?

I don't understand how there was no value gained with a 2% drop in the stock.

Please help me understand what I'm missing.
More...
%%
I would much rather profit off a TGT downtrend; they have a 97% debt load which will ruin them , most likely.

BUT with ''>12% price change last 4 weeks;I used IBD data.Even though its below 50+200dma;
that's why i seldom buy short term options.
Same trade[1-11-19] with SDOW would be profitable;
word to the wise.

A good thing about [puts],shorting trash like TGT; losses can be limited.:cool::cool:
 
hayder1 said:
I entered a put order for 30 options of TGT on this last Friday (1/11) towards the end of the day at $0.74/option and a strike of $67.50 with an expiration of 14 days.

The price I wanted was below the market price at the time and triggered once that stock approached roughly $70.

Fast forward to today and the stock drops roughly $1.20 - $1.30 from where I bought the options and they are still only worth $0.74 a share.

Did one day closer to expiration really = $1.20 drop in the stock price?

I don't understand how there was no value gained with a 2% drop in the stock.

Please help me understand what I'm missing.
More...
Probably VEGA.
 
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