B/A spreads in pennies?

Discussion in 'Options' started by spreadn00b, Oct 6, 2006.

  1. I'm looking at vertical spread quotes in IB and noticing something I haven't seen before. A bear put spread (DEC 130/126) has a B/A spread of 0.51/0.59, even though the options themselves are still quoted in nickels. An ERTS spread I'm looking at is 3.39/3.10.

    Are we spread traders still to get a wee bit of relief?