Shopify - Yet Another Spiking Stock Story.

I want to show you the difference between an "in-the-money-Put" and a "out-of-the-money-Put". "In-the-money Puts" cost more however sometimes paying the extra price is worth it. First the chart. Now a look at the differences in pricings on these two options. Now this at 3:00 p.m.. .. Now at closing. ... So the "out-of-the-money" Puts went from $3.20. to $3.40 and the "in-the-money" Puts went from $4.80 to $4.60. Basically nothing really happened. Will tomorrow bring a selloff? Yes. When Shopify jumps it's jumps do not tend to have staying power. Here is how the 148 and 150 Puts closed the day. .. Both more than doubled at one point in the day with the "out-of-money" Puts outpreforming the ones which were slightly "in-the-money". But then again, they were a higher risk. In this market this week spiking stocks are where the action is.