Not really. The equation is just saying "based off these assumptions here is the best price" and you would make money if your assumptions differ from market assumptions in a favorable direction. Arbitrage is the closest to exploiting "bugs" in finance to get risk free returns but in a liquid enough market all these obvious opportunities quickly close (if there's free money on the ground, someone will pick it up, and then there's no more free money ond the ground. Some hedge funds build ultra fast private internet networks just to be able to pick up that free money nanoseconds faster than someone else). It's more that the equation is telling you if you think you have a better estimate for some of these values, what you should be willing to pay.