If a premium on a British pound call option is $$0\mathrm{.}01,$ while the spot rate of the pound is $$1\mathrm{.}62$ and the exercise price is $$1\mathrm{.}60.$ A call option $$ can have an arbitrage opportunity by making $q,$ with no risk.

buyer; $$0\mathrm{.}02.$

seller: $$0\mathrm{.}02$

seller; $$0\mathrm{.}01.$

buyer; $$0\mathrm{.}01.$