One of the strategies of option trading is to treat it like an insurance policy. If a person who made the "bet" that the Bitcoin was to fall and it rose, you would only lose very little ... just like paying an insurance policy. On the other hand if you had made the same "bet" in light of what has happened since it dropped by so much a person could have made hundreds of thousands.
As far as the pricing falling down to $8 or 9k but tomorrow isn't a good bet. It could but most of the capitulation has been shaken out of the market already.
Exactly hope bitcoin go Ath again