Here's a screenshot from InteractiveBrokers TWS for the near-the-money put and call on the ES Dec '15 Future:
The absolute value of the time value, 9.50, makes sense. But why is the percentage value over 180%, regardless of moneyness?
Here's a screenshot from InteractiveBrokers TWS for the near-the-money put and call on the ES Dec '15 Future:
The absolute value of the time value, 9.50, makes sense. But why is the percentage value over 180%, regardless of moneyness?