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Q1. Given the following SPY options prices, could you find any arbitrage opportunities if there is no dividend? If so, please construct the arbitrage procedure

Q1. Given the following SPY options prices, could you find any arbitrage opportunities if there is no dividend? If so, please construct the arbitrage procedure and calculate the arbitrage profits.

Time to maturity:

3 months

3-month interest rate:

0.10%

Strike

Bid

Ask

Call

190

6

6.1

put

190

6.08

6.21

SPY spot price:

190.52

190.55

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