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ALittleLight
5y ago
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Why does Zoom go up on vaccine news?
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kortilla
5y ago
It doesn’t. Buying a put option is a bet it will decline because it’s the right to sell a stock at a given price.
scrollaway
5y ago
It didn't. It went down, crashed pretty hard. I don't think it was the only factor, though.
MattGaiser
5y ago
Zoom would go down, sorry. I was thinking of cruise lines. Pick any one of them and you would profit handsomely. But as others are saying, you can also bet on the stock going down.
davedx
5y ago
I didn't, hence the OP said "put options on Zoom" - that would mean he would make money from Zoom diving (which it did).
ALittleLight
OP
5y ago
The comment I responded to said that "Zoom soared" which is why I asked.
fiskfiskfisk
5y ago
It doesn't. It goes down.
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