Alan answers a question coming from Karen of Marietta, GA. Karen writes…
I recently purchased LivePerson, ticker symbol LPSN for $17.49. The $15 strike has a low open interest of 32 and a large, bid ask spread of $0.45. The $17.50 strike has a much larger open interest of $300 and a smaller bid ask spread of $0.30. My question is… Should the low open interest and large bid ask spread deter me from using the $15 strike?
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