5. Options Speculation (20 points) a) Go to CME Group's Website and find the quotes for Dec 2020 euro options. Complete the table below. Please report the date and time when you get the data and include a screenshot of the data. Round the premium to two decimal places. Currency: Euro Maturity: Dec 2020 Option Strike Price Premium (Prior Settle) Call USD1.1750/EUR Put USD1.1750/EUR b) Please calculate the buyer of the call option's gross profit, net profit and identify moneyness (ITM, ATM, OTM) and break-even point given different spot rates and complete the table below. Spot rate 1.1 150 1.1450 1.1750 1.2050 1.2350 1.2650 Exercise or not Gross profit Net profit Moneyness c) Illustrate the gross profit, net profit, moneyness, and break-even point of the call option in the graph. d) Calculate the buyer of the put option's gross profit, net profit and identify moneyness (ITM, ATM, OTM) and break-even point given different spot rates and complete the table below. Spot rate 1.1 150 1.1350 1.1550 1.1750 1.1950 1.2150 Exercise or not Gross profit Net profit Moneyness e) Illustrate the gross profit, net profit, moneyness, and break-even point of the put option in the graph. f) If you believe euro will rise in value to 1.1950 in December, what should you do? g) If you believe euro will fall in value to 1.1650 in December, what should you do? Please note: 1. You should do all problems individually first and keep a copy of the individual work. 2. Each group submit one copy of the homework. 3. The assignment should show both the steps and answer. 4. Late submission will not be accepted