Hi Guys, Perhaps you more experience option traders can help me out with this: I was paper trading FB before earnings and "bought" a front month option at the money. After earnings report, FB surged 25% (at its peak). When I looked at the option chain, the option I bought at the money had risen 160%, whereas the out of the money options went from 600% to 1000%. I notice this to be the same for other underlying's options too. Can anyone explain to me what is going on? My assumption that when I buy at the money, I am hoping to make more as the option rises, yet, the out of the money ones generally seem to have more gain. Your feedback will be much appreciated. Cheers.