It is 25 April, 2023. Options July crude oil expire on 15 June, 2023. July crude oil futures are currently trading at $76.79 /barrel. The interest rate is 4 percent (annualized). July crude oil calls struck at 75 are trading at $3.47/bbl. July crude oil puts struck at 75 are trading at $5.75/bbl. Is there an arbitrage opportunity if the options are European? If so, how much money will you make per barrel when exploiting it? What transactions should you undertake to realize this arbitrage profit? Is there an arb opportunity if the options are American?