/biz/ - Business & Finance

Can somebody explain to me how the fuck my $20 6/9 puts did NOT skyrocket this morning?

I don't give a fuck if you want to clown on me for playing options, call me out for options shilling or whatever, just listen to what I have to say:

GME shed 20% of it's value, and the far otm puts were now near the money, but somehow they traded flat. There's no fucking way. Literally impossible. I don't care if options contracts are always on a downwards trajectory, when a stock goes down, puts go up. When ANY stock makes a 22% movement in any direction, far options that become ntm/atm move up in value. They MULTIPLY in value.

Correct me if I'm wrong, but this shit cannot be normal. Even if, rhetorically, on a friday afternoon you have call options expiring in two hours and the underlying suddenly moves +20% in a few minutes time before the market closes, your calls will also move up. But somehow, my $20 puts traded flat. I'm calling bullshit. We all know the stock is rigged, and apparently the options are rigged too. You can even see it in the fucking detailed quote, the options opened at 0.72, and peaked at 0.94. Blatantly manipulated down to less then 0.20. Even if you are against options trading this information should be important to you because it further cements your own ideology that not only are hedgefunds manipulating sentiment to get people to buy the options they sell, but they are manipulating the options prices themselves so that you lose EVEN IF YOU WIN.