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If you determine that the Dow Jones Index futures is underpriced relative to the spot Dow Jones Index, you could make an arbitrage profit by

If you determine that the Dow Jones Index futures is underpriced relative to the spot Dow Jones Index, you could make an arbitrage profit by

A.

Selling short all the stocks in the Dow Jones and buying put options on the Dow Jones Index.

B.

Buying all the stocks in the Dow Jones index and shorting Dow Jones Index futures.

C.

Buying Dow Jones Index futures and selling short all the stocks in the Dow Jones index.

D.

Buying all the stocks in the Dow Jones and buying call options on the Dow Jones Index.

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