Hi guys,
Theoretically, if your put and call IV is the same, there should be no difference in putting on a Bear Put spread and a bear call spread at the same strike. So in the attached example, why is the $1 bear call spread paying me 37 cents, whereas the $1 bear put spread costs 74 cents(assuming mid price execution)? The IVs are almost identical(I assume the IVs are based off mid), so I don’t think that is the issue. What am I missing here? Thanks for the help.