It's my opinion the MM has his finger on the pulse of area and is laughing all the way to the bank for years
Correct. I agree that the CBOE had the pulse in the past but is scared to death to even write contracts past next April. They are now clueless and have no idea what where the SP of ARNA will be in just six months. Look at the $100 April calls. Those calls are trading at $7 which are $26 out of the money. No contracts even offered past April 2021. That shows no pulse to me. The flip side of the trade..... The January $65 2021puts are trading at about $8.50 Place your bets. GL