On Wednesday, into the final hour of trading, due to the frenzy buying, SPY and VOO had a full 1% arbitragy (ie, SPY rose 10.5% but VOO only rose 9.5%). If we buy 1 week out VOO ATM call options, and buy the same $$ amount of SPY ATM put option, there is a 10% lock-in profit as VOO and SPY now returns to the normal level
On Wednesday, into the final hour of trading, due to the frenzy buying, SPY and VOO had a full 1% arbitragy (ie, SPY rose 10.5% but VOO only rose 9.5%). If we buy 1 week out VOO ATM call options, and buy the same $$ amount of SPY ATM put option, there is a 10% lock-in profit as VOO and SPY now returns to the normal level
If you buy VOO and short SPY at the same time at the close, you make 1% now :)