medium · Quantitative Finance

A stock currently trades at 60. A six-month European call struck at 58 trades at 5.50, while the corresponding put trades at 2.00. The continuously compounded risk-free rate is 4%.

Based on Put-Call Parity, what arbitrage trade should be executed?

  1. Sell the call and the put simultaneously (Short Straddle).
  2. No arbitrage is possible because the market is in equilibrium.
  3. Sell the call, buy the put, and buy the stock.
  4. Buy the call, sell the put, and sell the stock.

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