Question: please solve this question. Question 1 A speculator is expecting that in next two months rupee will not fluctuate much from the current spot rate

please solve this question.
Question 1 A speculator is expecting that in next two months rupee will not fluctuate much from the current spot rate against dollar. The current rupee-dollar spot rate is Rs.65.20/$. The following call options are available in the market: Option Strike price (Rs / $) Premium (Rs.) Maturity (Months) Call 64.75 0.60 2 Call 65.00 0.40 2 Call 65.25 2 0.18 Call 65.50 0.04 2 The speculator wants to make profit from his view by adopting an option strategy using all the above four options, and simultaneously would like to reduce his maximum potential loss. You are required to suggest a strategy to the speculator and prepare pay-off profile and pay off diagram indicating maximum profit, maximum loss and break-even point(s) for price range of Rs. /$ 64.25 - 65.00
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