I am still trying to learn about options by reading a lot, but still not sinking in. Hoping you can help out here...
This screen snapshot shows the BHP.ADR options list for Jan 2016:
1) Can you explain why those highlighted bids/asks are noted as 'in the money'?
2) Why are the areas outside of these highlighted areas considered not 'in the money'?
3) Why are there significantly more bids/asks still 'in the money' for PUTS instead of CALLS?