I am using IB and was looking to sell OTM 150 put for /ZB in Dec. IB is giving me 3 options:
OZB DEC 16
ZB1 DEC 02
ZB2 DEC 09
OZB is quoted as 11/64 - 15/64
ZB1 is quoted as 50/64 - 1 3/64
ZB2 is quoted as 1 9/64 - 1 27/64
I understand ZB1 & ZB2 are weeklies and their relative price difference. What I don't understand is why OZB is quoted so differently? Would appreciate any help.
OZB DEC 16
ZB1 DEC 02
ZB2 DEC 09
OZB is quoted as 11/64 - 15/64
ZB1 is quoted as 50/64 - 1 3/64
ZB2 is quoted as 1 9/64 - 1 27/64
I understand ZB1 & ZB2 are weeklies and their relative price difference. What I don't understand is why OZB is quoted so differently? Would appreciate any help.