Has anyone realized the options on the KOSPI is mispriced? (at least i think so) The sep futures is trading at 160.00 and the put options is 5.55/5.60 and the call is 4.90/4.95. What's going on here? With the liqudity of that market, the price cant be mispriced. It really sounds too good to be true especially with all kinds of autospreader program going on nowadays. Is it because of interest rate (high leverage required by the exchange cause buying the call and selling the futures too expensive) or just people too fear to the downside causing put volatility to shoot up?