It will be long, but I felt it should be written so I will write it down.
Last night, I was also watching the sharp drop in the app.
I had placed buy orders for other stocks, but then I noticed the drop in the app midway.
Upon investigation, I found out that it was because APP was not included in the S&P 500, and there was a significant sell-off by insiders.
That's why many panic sellers appeared.
$332.35 was the lowest price last night.
However, looking at the order book, it was the 'buy' side that had a significant number of orders.
It was a battle between 'people panicking to sell' and 'people wanting to buy at a lower price'.
Looking at the options for the February expiry, the settings are indeed lower after the 'closing' than the 'opening'.
However, the lower and upper limits of the premium price + exercise price were $383.30 and $527.6.
In other words, the median is $455.45.
I think this median is quite strong.
There are still many people who believe.
However, the panic selling will continue.
Even if you buy, there is a possibility of it dropping from there.
I intend to watch how far it will drop.
I think there may be additional buying at the beginning of the rise.