system
A chat on subreddit /r/wallstreetbets
human
So OP bought the contracts at $0.08 because who in their right mind would buy the options at $30 expiring in a couple days when the stock is trading 30% lower - they were cheap because there was almost no risk to the seller. But upon selling the contract, OP is able to sell them for the current share price because that is their value, and it should be easy to sell? Why would someone buy $12k option contract instead of just buying the shares from the market?

gpt
Options let you leverage less money for greater gains.  I can't afford 100 shares, but I can afford a fee to make the profit on 100 shares over a period of time.