Question: 6. Please answer the next question based on the following quotes on currency options contracts for Swiss francs (CHF), where each contract has 62,500 CHFs.

 6. Please answer the next question based on the following quotes

6. Please answer the next question based on the following quotes on currency options contracts for Swiss francs (CHF), where each contract has 62,500 CHFs. Exercise prices, call and put premiums are in cents. . Calls Puts Vol. Last Vol. Last 62,500 Swiss Francs European Style 7 Oct 10 2.78 7 Dec 31 3.60 78 Nov 47 0.7 78 Dec 142.68 100 0.43 79 Oct SO 0.27 79 Nov 1.59 79 Dec S 2.04 80 Nov 5 1.00 80 Dec 1.39 81 Oct 1.41 81 Nov 0.59 10 1.55 81 Dec 0.09 02 Nov 0.33 03 is 3.12 NOV 0.20 Dec 0.40 -- . atoto wanais RR If you buy one November PUT options contract with an exercise price of $0.81. If at the time of the option expiration date, the spot price for CHF is $0.805, then this call option is and you incur a net a. out-of-the-money; loss of $968.75 b. in-the-money; loss of $656.25 c. out-of-the-money; loss of $312.50 d. in-the-money: profit of $312.50

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