Aurinia Pharmaceuticals Inc (AUPH)

[rumrunner528]

I'm hoping someone is up for an options question. It seems to me that there is a bit of mis pricing that seems like an opportunity.

The CALLS (current pricing)

AUPH $10 Nov '19 Bid .20 / Ask .40

AUPH $10 Dec '19 Bid $1.05 / Ask $1.30

If you purchase a Nov around the mid point, $0.30 and sell a Dec at around the mid point, $1.15 you would be credited about $0.85 per share.

You could purchase almost 3 Nov calls for every Dec sale.

The downside seems manageable while the upside seems pretty attractive.

Please shoot my idea down if I'm missing something.

rum