What a racket!

Bid should be .34!

Update ok now it is showing .25

 

Options are always upside down at open....try trading an option without volume, the bid and ask is miles wide with a middle point that sometimes you can't find until you place an order to see if it actually goes through

 

I know they have to figure out the IV...which apparently is a method similar to

 

As a general rule... a buy limit won't be filled until it becomes the market's ask. One can place an order between the bid/ask, but it won't be filled "in the middle" unless the MM decides to take it.

If a trader wants to avoid a big spread, should play options with a tight spread... many are only a few pennies.

 

OI only 341?

Might as well look for an OI that is zero.
Then you can rule the world.

 

Your first sentence has not been my experience. Your second sentence, on the other hand has often been correct.

Sometimes, I could game the system if my directional sense was correct.

 

I've been up 3k the last 2 days. The open interest is low because most traders don't have the technical savvy to recognize it was a deal at that price.