I'm not sure if it is only happening with NCM, but why are the option strike prices on the June options chain different from the usual pricing format?
Usually option strike prices are in $0.25 increments, and for some shares they are in $0.50 increments. Eg $8:00, $8.25, $8.50, $9.00, etc.
However for NCM, from June onwards the option strike prices change to: $8.70, $8.81, $8.95, $9.05, $9.20, $9.29
Has this always been the case with NCM? My concern is if I buy these options would the market for them disappear and change to the normal 25c increment strike prices after a few months? Would I for only be able to profit by exercising the options when they are in the money?