Accurate? You mean efficient? And I’m going to disagree here. Definitions should be clear but.... accurately priced premium = no possible profits (arb) Correct?
Thank you again stepandfetchit. I'm sorry I didn't reply earlier, but I very much appreciate the information you have provided. I am also humbled, as I clearly see I still don't know nearly as much as I thought I did. haha I'm going to go over this more this week to better understand it. I'll do manual calculations to compare against the IB numbers since IB seems to be accurate, and that should help me better understand how these should move. I want to try to buy the best options for my trade, so that when the underlying equity makes a move, I want my option to get the most out of that. I'm assuming at the moment that it's likely what you said, that I may be missing something with the time factor. Thanks again!
I just wanted to follow up one last time and say that I've been tracking some options over the last 4 days, and the calculations I'm coming up with using the formulas and IB's values are pretty much spot on, give or take a penny, which is good enough for me. I think I have it worked out now. I appreciate everyone's help and input. Thanks!