A Put Option on Yen Is Written with a Strike

question 35

Multiple Choice

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/$

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Definitions:

Pyloric Stenosis

A condition in infants where the passage from the stomach to the small intestine is narrowed, causing vomiting and weight loss.

Olive-Like Mass

A term often used to describe a palpable lump in the abdominal area, resembling the size and shape of an olive, potentially indicating a medical condition.

Substernal Retraction

A sign of respiratory distress, characterized by inward movement of the area below the breastbone during inhalation.