Current share price $23.18. 3/20 (17 DTE) 7.5 put 0.85. Can anybody explain this? I can’t find anything on Google that explains why SP would have to drop close to 70% in days to be assigned

    ELE completely mispriced puts??
    byu/asdfgghk inoptions



    Posted by asdfgghk

    2 Comments

    1. What’s the volume, and bid/ask on those PUTS?

      Can you actually get a fill, or was that some one off price?

    2. It’s clearer to specify date of expiration rather than number of days till expiration. (There are no options expiring in 17 days, so I assume you mean the March 20th expiration.)

      These are adjusted options:

      [https://infomemo.theocc.com/infomemos?number=57722](https://infomemo.theocc.com/infomemos?number=57722)

      The deliverable is 28 shares, not 100. The 7.5 strike is in the money.

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