I entered a put order for 30 options of TGT on this last Friday (1/11) towards the end of the day at $0.74/option and a strike of $67.50 with an expiration of 14 days. The price I wanted was below the market price at the time and triggered once that stock approached roughly $70. Fast forward to today and the stock drops roughly $1.20 - $1.30 from where I bought the options and they are still only worth $0.74 a share. Did one day closer to expiration really = $1.20 drop in the stock price? I don't understand how there was no value gained with a 2% drop in the stock. Please help me understand what I'm missing.
%% I would much rather profit off a TGT downtrend; they have a 97% debt load which will ruin them , most likely. BUT with ''>12% price change last 4 weeks;I used IBD data.Even though its below 50+200dma; that's why i seldom buy short term options. Same trade[1-11-19] with SDOW would be profitable; word to the wise. A good thing about [puts],shorting trash like TGT; losses can be limited.
Holiday sales numbers came in 01/13/2019. They are are like an earning cycle. Once out, less uncertainly. Ivol drops after.
%% Wow, they cant even do well [earnings]Christmas season. AMZN + WMT have done well, but it can take months to show up or down in stock price.