[davedx]

But wait... That's a real phenomenon in markets, called volatility skew!

Volatility Skew: An uneven curve indicating directional bias. Commonly, equity markets show negative skew (higher implied volatility for OTM puts), signaling concerns about downside risks.

Options pricing is a real rabbit hole.

https://www.luxalgo.com/blog/volatility-smile-vs-skew-key-di...

[jldugger]

Well, sometimes the way to teach people about pricing is to present them with incorrectly priced markets to exploit?