Investing.com traders want to have optimal trading strategy. They hire you to develop it. You are provided by investing.com with this information concerning the stock denoted by St. Current Value $108, Annual Volatility = 32%. In this scenario the market spot rate is 5% for next three months. Furthermore investing.com consider that dynamic of this stock is compatible with binomial process with assumption of I month.

Suppose Market price of this call option under current settings $5. Develop the arbitrage portfolio of it. How would you form arbitrage portfolio?