Tesla Inc (TSLA)

[Moonlazer]

To answer why you would hold onto those puts. They may expire worthless.

That's not why you're holding them. You're holding them because speculation deems them valuable, so any time it moves down, they gain value. And it's that revenue that you're walking away from. That's the short sum of what I'm trying to explain. You don't hold options to expiration date ever. But you do want them and the new ones when a rally runs out of gas. Does this make sense?