As of 12:37 feb gold has bid of 835.30 and an ask of 835.5 The Jan 830 put has an ask of 0.90 Why is this option so cheap. The nymex website say they expire on Dec 26, and I think that means 2:30 pm when the pit closes. Also it apprears that the exhange is only closed for christmas day so there is lots of trading between now and then. What am I missing?
jan options expire in dec. check the expiration dates http://www.nymex.com/gol_opt_expira.aspx they do seems cheap but time decay on GC options is steep