You Tell Me - Which man is he?
Current Fed Balance Sheet: 9 Trillion
Volker: A man that got slaughtered to save a nation, and stood fast in the face of opposition.
A. Burns: A man appointed by his friend the President, printed tons of money, causing inflation for a decade.
440 will be our atm price.
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380 Put $19.66 - $20.44
500 Call $ 7.58 - $7.95
Put Price / Call Price =256%
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By comparing these two equidistant options, we see straightforward put skew.
We then compare two like things and compare the difference in their price.
The expected move is +/- $70 - So, let's go $60 otm on each side and compare what we find.