A stock index quote on the 20th of October is 1 185. Are there any arbitrage opportunities if the

derivative prices for the same index are as below?

If there are, show an example how to exploit

them. Assume that the futures contract is efficiently priced. (Stocks included in the index are

assumed to pay no dividends within the maturity of the derivative contracts).

strike price price expiration date

call 1300 100 2018/01/20

put 1300 200 2018/01/20

futures price

futures 1200 2018/01/20