How Can I Use Options To Capitalize On A Pre-Open Move?

[AlinaLee]

Yesterday a stock dropped 21% during premarket trading due to an earnings "miss". I wanted to buy a put option figuring it would increase 450% in value as the stock dropped. I entered orders before the market opened, but I was not able to get filled. How can I execute my option order in these situations?

 

[Enivid]

Which stock was that? Which exchange did you try to buy the put option from? The chances are the options are not traded during pre-market hours. And when the market opened, the put option price moved away from your pending order price, resulting in no fill. Of course, I could be wrong about that and there are some other factors at play.