My put option on Royal Caribbean drops 99% and becomes $0.01 now. My strike price is $40 and the current stock price is $32, which means the option price should be at least $8. What happened?
Robinhood bugs and displays options at 0.01 when the underlying stock trading is halted
Robinhood has options?
Yep, you have to enable it in settings.
There is no volume. No one is buying it. If you set a proper price it should still execute.
It's already below the strike price, so the put is worthless unless the price goes back up above $40. Am I reading the opposite?
Opposite, put gives you the option to sell at $40.
Sorry, my mistake. Looks like a bug then.