Thanks for chart/comments.
That's what I'm hoping for !!!
I only want those OOM puts to go up, I have already put my toe in the water.
I'll have to get some numbers together. But today 4 contracts traded on the 18P and 159 so far on the 20P.
I clearly do not expect SIH to drop that far to bring them ITM. There are still 48 days left to expiration.
I did this as an experiment, to force me to try to learn how these things really behave as a function of the price of the underlying and what really happens as expiration approaches.
What I clearly do not understand:
At some point (say they go up in value) I will want to trade out of them, assuming they will never go ITM.
There must be some point where no one will want to buy them !!! All I can see for a market for this things is various spreads folks set up as expiration approaches. There has to be a point where the "buying interest" dries up.
That is my dilemma at this point.