AnonX - Anonymous Posting
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Anonymous x/StockNews
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Bid price less than intrinsic value?

How often do you see situations like this?

I have a bunch of $63 calls on Kroger that expire tomorrow. They're well in the money, as KR has been hovering around $66 for a good while now.

I had intended to sell close my position,

I was going to go ahead but there is such a wide gap between the bid/ask, that I'd be getting less than the options' intrinsic value to close them. (Bid is $1.50, but their intrinsic value is almost $3.00... I've had a $3 limit order to close them but that hasn't gone through yet so I'm ready to just execute the contracts a day early.)

I have enough funds to execute the options, so I'll do that instead, but I was just wondering how often this situation occurs. I usually only trade options on SPY/QQQ, etc, which have enough volume that bid_aak are usually very close, so this scenario is new to me.

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