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Why is my Put not worth anything below the break even price?
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Hello all,
I am new to this and know I am dumb but pls bear with me. I placed a put on Sgml last night at strike price of 13$. The break even was 12.30. Now Sgml is $12.00 and my put has a 0.01 unit price. Can anyone explain this pls?
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And then pocket the difference