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Question for options pros: I am looking at the current issue of
Barron's (Nov.10 issue). The options listings for TelBrasl for the
Dec 115 put is showing a closing price of $14. This is confusing
because it shows that the TelBrasl stock closed at $97 1/8. Is this
pricing way off, or am I missing something? The difference between the
strike price and stock is $17 7/8, while the option only costs $14.
Looks like that means I could buy these puts and sell TelBrasl stock and
make an easy 3 7/8 before commissions. Have seen these seeming
discrepancies before and they are very puzzling. Thanks in advance for
your responses.
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