Significant divergence and mispricing exist. First, the total market price of 90c indicates structural undervaluation. Second, the 'Increase' option is priced at 21.5%, whereas mainstream institutions (Investec, Morgan Stanley) do not forecast hikes, and inflation has just hit the 3% target, implying a true probability near 0. Finally, the market prices 'No Change' (34%) significantly lower than the level (>60%) implied by the current macro narrative (prolonged hold to manage oil risks).