Question: A trader sells a put option. The put option requires him to buy AUD1 million at an exercise exchange rate of 0.9000 (USD/AUD). Calculate the

A trader sells a put option. The put option requires him

A trader sells a put option. The put option requires him to buy AUD1 million at an exercise exchange rate of 0.9000 (USD/AUD). Calculate the trader's gross profit on expiry, assuming the exchange rate is 0.9300 at expiry. O A. +USD30,000 OB. +AUD30,000 O C. zero OD. -USD30,000

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