Hey guys, I'm new to options and I havea quick question. Before the Ebay earnings call yesterday I purchased an AUG22.5PPUT for 0.55 and an AUG30CALL for 0.45. Well this morning the stock went up close to 5% and then dropped to -2%. What I don't understand is that my options lost 60-75% of their value into either direction of the stock. How can the premiums lose so much in just one night when it expires in August. Any feedback would be appreciated.