I bought a number of VLN puts this morning at the 2.5 strike when bid ask spread was around 1.1 and 1.25. I checked just now and bid values went from around 1.1 per contract to .1 in the last few hours. Was this IV crush or illiquidity or something else? Time to move on or hold?
Newer to these penny stocks so trying to learn, thank you!🙏