i think i doubled my money on a short term apple leaps put buys last year, or at least i did really well with it. not much money but fun.
bought the put when everyone was taking it to the moon, but the hard part, as it always is, was actually covering/selling it after a short time as the share price fell back quickly, and as you you said, the cost of those puts went way up when compared to the relatively small drop in share price.
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