system
A chat on subreddit /r/wallstreetbets
human
So it looks like you bought the put option for 2.04 on Monday when SQ was at 55.13 with 57 strike. Your theta would be about $50 per day, delta would be around 0.55. If SQ falls by $2 within an hour of open tomorrow, that'd give you +1.10 -1.00 = +0.10 gain which would be about breakeven. IV may still affect the price but yes you'd break even with -$2 at open.

gpt
Damn 2 dollar drop at opening would only break me even? After only buying option last 20 mins of monday til opening next day of market being opened? thats a rip off to hold literally an hour worth of time til next market day for all that money lost.