The price divergence for C is still there today. Checked with Broker website and they still have 600,000 shares available for shorting.
Price divergence is at $0.76, still looks attractive. Gone ahead and added another 1,000 position so total position is now 3,000. Target free money is around $2,163 ( i.e. 3,000 x $0.721 ).
AVERAGE PRICEShort Sell 3,000 C at $3.855
Sell 30x Jun-PUT-Strike-$5 at $2.403
Buy 30x Jun-CALL-Strike-$5 at $0.537
Net cash collected is $5.721 ( i.e. 3.855 + 2.403 - 0.537 ) per share.
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