X is traded to 19.51 today x19Jul Put 16 has an ask price of .068 and makes + 3.08% x19 Jul Put 17 has an ask price of 0.96 and loses -14.29% Both options have the same theta and a difference of 2% in IV. But i am suprised of the huge difference. Why does the put which is closer to the stock price lose and the put which is more otm not but wins?