Hmm. I never would trade such an option like CHK; its nothing but rip as the spreads show,
implied vola for strike 3.50 is allegedly almost 200% according to http://finance.yahoo.com/q/op?s=CHK&date=1454025600
Better would be to trade only low vola options (below 30%), especially if the expiration is less than 2 months.
implied vola for strike 3.50 is allegedly almost 200% according to http://finance.yahoo.com/q/op?s=CHK&date=1454025600
Better would be to trade only low vola options (below 30%), especially if the expiration is less than 2 months.