Question: lease answer the next question based on the following quotes on currency options contracts for Swiss francs ichfi. where exchicontrict his bas swo CHF. Exercise

 lease answer the next question based on the following quotes on

lease answer the next question based on the following quotes on currency options contracts for Swiss francs ichfi. where exchicontrict his bas swo CHF. Exercise prices, call and put premiums are in cents. 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 Swis francs is $0.815, then this Put option is and you incur a net in-the-money: profit of $312.50 out-of-the-money: loss of $312.50 in-the-moneyi loss of $665.25 out-of-the-money: loss of $968.75

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