08-16-2012, 05:59 PM
Well hopefully you waited, because they are much cheaper now. 
But yes, if you have a $45 put at expiry and the stock is worth $40, a single put would be worth $500. If the stock dropped to $40 well before expiry, though (say by the end of this month) it would probably be worth more like $6-700 because of the time premium.
But yes, if you have a $45 put at expiry and the stock is worth $40, a single put would be worth $500. If the stock dropped to $40 well before expiry, though (say by the end of this month) it would probably be worth more like $6-700 because of the time premium.
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Currently PvPing in the stock market
Currently PvPing in the stock market