u/tommytatertots

I like the company Eddie and I saw that they actually did good on their earnings again and they got punished. I bought a $50 out of the money Call option that expires in about a week. I bought it for $30 and almost immediately it dropped to value of $15 I think primarily due to low trading activity.

Thursday, Friday and today this morning, this option has a bit ask spread of $300-$375. I get that someone could make that ask very high, but why is the bed so high as well?

Is this normal behavior when the market is not active? I have noticed wider spreads during market closure, but not where the bed mid and ask are all skyrocketing after hours.

Any answers are greatly appreciated.