The stock market can be many things.
However, the stock market stayed open.
A move of a few percentage points in the underlying stock can amount to a double- or triple-digit percentage point increase in the options market.
The "premium" is what the buyer pays upfront for the option contract.
Rather than buy 100 shares of Apple at $180 each, which would cost $18,000, John decides to use an options contract.
Persons:
We're, John, you've, Jim Cramer's, Jim Cramer, Jim
Organizations:
Gamblers, Social, Bloomberg Intelligence, Apple, Jim Cramer's Charitable, CNBC, Mbbirdy, Getty
Locations:
0DTEs, Las Vegas