6. SRP vs CRP Comparison

Strike by strike comparison of SRP and the corresponding CRPs.


The CRP range for the SPY options was up to 7c wide at the near-the-money strikes and no more than 1c wide at the far out-of-the-money strikes. The SRPs were often 1-4 cents lower than the CRP values in the lower strikes, and up to 10-15c different from the CRP in the near-the-money strikes.