I bought this put on 2/19 for $8.20. My exit level for a loss was set at $35.25 on the stock, and today the stock shot up as high as $36.00. I was stopped out for a loss of $190. It was odd that the stock went up so much on a day when the Dow was down over 300 points, but so it goes.
Edit: It turns out that Akamai won a patent lawsuit today so that explains the big jump. It’s unfortunate, but there’s absolutely nothing you can do about news events like this other than putting your stop losses in and letting them protect you from big losses.
