S&P puts will always be better value. Implied volatility is...

  1. 1,741 Posts.
    S&P puts will always be better value. Implied volatility is higher for dow puts than S&P puts. This is because Dow futures trade later in the day so it is not always possible for the MM to hedge his position. S&P futures are also more liquid.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.