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 a few cents lower than the CRP values in the ATM and PUT1 strike ranges, and 1-2c lower than the CRPs at some of the far out-of-the-money strikes.