You work as a trader at a hedge fund, Bear Capital. Your job is to trade currencies

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Question:

You work as a trader at a hedge fund, Bear Capital. Your job is to trade currencies by speculating on whether they go up or down. You really feel that the Euro (EUR) is going to fall against the US dollar (USD) over the next one month. You see a bank quoting the following spot and forward exchange rates for the number of USD per EUR.

USD/EUR The bank's spot rate is 1.1220 (bid) - 1.1225 (ask).
The bank's one month forward rate is 1.1245 (bid) - 1.1250 (ask).

You believe that the EUR will fall against the USD over the next one month.
Your boss says you can take a position with a notional value of 10 mio EUR to speculate based on your viewpoint / opinion / guess.

Q1: What most accurately descibes what you should do and can do.

You sell 10 mio EUR in the forward market to the bank at 1.1245.

You sell 10 mio EUR in the forward market to the bank at 1.1250.

You buy 10 mio EUR in the spot market from the bank at 1.1220.

You buy 10 mio EUR in the spot market from the bank at 1.1225.

You buy 10 mio EUR in the forward market from the bank at 1.1245.

You buy 10 mio EUR in the forward market from the bank at 1.1250.

Q2: Assume you got the answer to above question correct and you implement that trading strategy.
Suppose in one months time, your guess / opinion proves correct and the then spot exchange rate (number of USD per EUR) is 1.0696 (bid) - 1.0700 (ask).
How many USD profit have you made? Give your answer in USD to the nearest USD.