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ELIA5-PUTS
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I thought I had PUT options all figured out, but I'm still missing something here. Can someone please help me understand? The June 21 PUTs I bought a few weeks back when the stock merged and the stock price was sky high (around $80 per share). It is now trading around $33 per share, why didn't my value go up? Even so with the September 10 PUTs. Yes i see they're up, but shouldn't they be up a lot higher? I also bought those PUTs when the share price was in the high 40s.
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