Represent an arbitrage opportunity


Suppose you look at the Google December year end 555 option for both calls and puts. The call value is $30 but the put value is $34. What does this mean the market is thinking about risk and where Google stock is headed by the end of the year? Furthermore, why doesn't this represent an arbitrage opportunity? (Google is currently at $553 per share.)

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Finance Basics: Represent an arbitrage opportunity
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