u/Admirable-Log-8346

Hi everyone,

I'm trying to understand something that's confusing me about HAL (Halliburton) options. I want to buy puts on the stock (cause I need to close a position already opened), but I'm seeing something that doesn't make sense to me.

At the $35 strike price, there is no bid and the ask is only $0.05. But at the $34.50 strike — which is actually lower — there is also no bid, yet the ask jumps up to $0.75.

Shouldn't a lower strike put be worth less, not more? Why would the $34.50 put have a higher ask than the $35 put?

I'm a bit lost and would love if someone could explain what's going on here. I don't know if you could suggest some resources to understand better.

Thanks in advance!