WTI $86 minimum target is mispriced after Iran repricing

WTI $86 minimum-by-Apr-30 sits at 18¢ after falling 5¢ today, yet the $105 contract just surged to 83¢ and $110 to 77¢ on Iran/Hormuz risk. Spot WTI is trading near $100+ implied by the upper contracts, making the $86 floor a near-certainty at current spot. The -5¢ move on KXWTIMINM-26APR30-T86 is a contagion lag — upper strike repriced +34¢ while this floor contract barely moved. Buy YES at 18¢ for a minimum 82¢ payout.