I was looking through option chain today and found out QQQ and SPY option are kind of strange today. I know both of them trade until 16:15 but even when spy was only 557 at 16:15, 559call was trading at 1.3 per contract, same thing happen on QQQ as well that most out of money contract still have some value, can anyone explain? Thanks
Posted by youarehacker
2 Comments
Typical otm option chain look like this, it’s IWM
https://i.imgur.com/XRPLwfV.jpeg
While QQQ and SPY look like this which is pretty weird
https://i.imgur.com/ZOtMh2h.jpeg
https://i.imgur.com/2zGrKmV.jpeg
Who is buying contracts with 2 dollar more for 130 dollar…?
NVDA earnings. Option holders can exercise their positions after hours until 5:30 PM so the options held some extrinsic value.