Question: A put option on yen is written with a strike price of 105.00/$. Which spot price maximizes your profit if you choose to exercise the

A put option on yen is written with a strike price of 105.00/$. Which spot price maximizes your profit if you choose to exercise the option before maturity? A) 100/$ B) 105/$ C) 110/$ D) 115/$ The answer is confirmed to be D) 115/$ but how is this possible? I thought for put option you would want spot price to go down and spot

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