nˈoʊt ðæt dᵻɹˈɛktli ɛksplˈɔɪɾɪŋ dˌiːvɪˈeɪʃənz fɹʌm ˈiːðɚɹ ʌv ðiːz tˈuː pˈæɹᵻɾi ɹᵻlˈeɪʃənz ɪnvˈɑːlvz pˈɜːtʃɪsɪŋ ɔːɹ sˈɛlɪŋ ðɪ ˌʌndɚlˈaɪɪŋ stˈɑːk.
Note that directly exploiting deviations from either of these two parity relations involves purchasing or selling the underlying stock.