You know, with friday coming, I think there is a lot of special interest with ITM options holding their % gain while seeing the position through.
I'm glad you brought this up, because it provides a good solution of something that I've been thinking about. In shorting a 50-60 stock, it takes a lot of movement to get a large % gain. I could just buy a ITM put that is around $20, and it would likewise move dollar for dollar.
I've had a hangup (probably from playing pennies to long) of getting OTM options above the $1-5 range (sometimes I even go for the .25-50 centers!), but need to break out of that one. So, I'll check out some ITM puts on those two stocks I mentioned. If I can get a Feb one, with the time premium small, that'd be nice.
imho, Jerome
