Why are there no quotes for the Future Option (FOP) I am looking at?

There are various reasons why a market type order may receive an execution at a price not within the displayed Bid/Ask. The most common reason is that the account has not subscribed to any real time Market Data…

The option market makers are allowed to post a Bid of "zero" as part of their two sided bid/ask market. If there is no bid for your long option you will not be able to sell it. Also a sell MKT market order can not trade when there is no displayed Bid.  You can wait for a bid to appear and place a Limit order or you may have to hold the position until it expires and is removed from your account after expiration. …

We display the market data exactly how we receive it from the exchange, without any filtering, in order to guarantee a reliable flow. Executions at prices far from the market or orders which have the right to be executed at a price far from the market sometimes may generate spikes in the market data flow coming from the exchanges. Data feed providers may sometimes apply filters only on historical data but not on real time data in order to filter Block Trades. IBKR does not apply any filters on the data received…

The CME requires a Buy/Write combination order that includes a Future with a Future Option to be submitted with a "Delta" value. IBKR does not calculate Delta values for Future Buy/Write combinations so that strategy is not allowed. You will need to leg into or leg out of a Future Buy/Write strategy for any CME future products in your IBKR account. If you need help closing an open position…