I told the broker that I was willing to spend up to $500 at the MOST for these options, option prices were left at $375 previous day close, and had not traded yet, current day, can the broker purchase these options based on my budget instead of what the market is trading at ?
I asked to purchase a couple of put options a few days ago, the options were purchased during the day for $500, when I got home in the evening I seen the option worth less than $400. I feel like I paid too much for it, market moved down 10 points, in my favour, and Im still not breaking even.