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REDDIT

I lost money on my call options to $HPE earnings beat

I bought some call options the day before HPE earnings expecting good outcome and i was right (was up over 30% before the day closed, then the stock popped >30% AH) But when the market opened the next morning, my call option value went up to 180 something percent for a brief moment and dropped down immediately (i got the screenshot cuz i screen recorded so i could keep record of the massive gain i thought i would get). I ended up selling at even although SP was up over 2-30% the next day. What in the world happened? Please explain. When i bought the call option initially, the price range wasn’t too wide and i bought on the low end. Any thoughts?

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