VIX index is now at 21.97. The quotes of VIX December $10 call is 8.4/8.6 per Yahoo, and MarketWatch site:
VIX Options Chain - CBOE Volatility Index Options Chain - MarketWatch
How isn't there at least intrinsic value for at least 11.97 + little bit of time value?
VIX Options Chain - CBOE Volatility Index Options Chain - MarketWatch
How isn't there at least intrinsic value for at least 11.97 + little bit of time value?