6. SRP vs CRP Comparison

Strike by strike comparison of SRP and the corresponding CRPs.

Commentary

The CRP range for the SPY options was up to 3c wide at the near-the-money strikes and no more than 1c wide at the out-of-the-money strikes. The SRPs were often 2-4 cents higher than the CRP values in the lower strikes, and up to 7c different from the CRP in the near-the-money strikes.