ZN options question

Discussion in 'Options' started by UVXY20, Mar 8, 2024.

  1. UVXY20

    UVXY20

    Why is the delta 0.508 with minutes before expiration and the underlying at 111.240 and a 111.75 call trading at 1/64 (sometimes no bid) and 2/64? I would think it would be close to zero, no? Way out of the money, little time left.
     
  2. 2rosy

    2rosy

    Is it trading? Or someone is offering 2/64 for something worth a lot less
     
  3. mervyn

    mervyn

    probably last bid with no volume.