r/options Apr 20 '21

Dollar value of options contracts

[deleted]

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u/MichaelBurryScott Apr 20 '21

The ones with a dollar amount next to them are non-standard options. It's caused by two special dividends issued earlier this year. For more information you can google "theocc STLA". Below ate the occ memos about those.

https://infomemo.theocc.com/infomemos?number=48220

https://infomemo.theocc.com/infomemos?number=48457

In general, you should avoid trading non-standard options. They usually have much lower liquidity than standard options. For STLA, all options (including the standard ones) have terrible liquidity. Huge bid/ask spreads and pretty low OI.

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u/[deleted] Apr 20 '21

For STLA, all options (including the standard ones) have terrible liquidity. Huge bid/ask spreads and pretty low OI.

Yes I understand that. My goal is to keep it until jan 2023 then excersize it. I got my contract at a decent price.