Question: A client entered into a cash settled AUDUSD strangle option strategy for a notional of USD 500,000 with strikes 0.7050 and 0.7450 for a total

A client entered into a cash settled AUDUSD strangle option strategy for a notional of USD 500,000 with strikes 0.7050 and 0.7450 for a total cost of USD 10,000.

Where should spot fix if the client wants to earn USD 5,000 net of the premium he paid for the option?

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