This is not the way to hold a cat. The cat in this picture is tolerating the hold, notice the ears rotated outward and stiffened front legs.
Photo Maria Gray
This is a variation on a correct cat hold. The cat is held close to the body, the hindquarters supported. Familiarity permits the arm across the chest and the cat appears relaxed and content.
Photo: Maria Gray
This former feral (see the clipped right ear) is cautious in who she trusts. This type of cat benefits from being held against the body with the chest and hindquarters securely supported. Always be careful to hold gently and not grip.