^This. It isn't all just about the stock price and expiration date/strike price. Case in point: had friends who bought GME puts 2 days ago. GME stock went sign

^This. It isn't all just about the stock price and expiration date/strike price. Case in point: had friends who bought GME puts 2 days ago. GME stock went significantly up in price since then, and so did my friends' puts. Why did their puts go up in price if the stock price went up? Because IV increased, which pumped the price of options across the board, both puts and calls. When IV crush occurs, the exact opposite happens.