You Are a Speculator Who Sells a Call Option on Swiss

question 72

Multiple Choice

You are a speculator who sells a call option on Swiss francs for a premium of $.06, with an exercise price of $.64. The option will not be exercised until the expiration date, if at all. If the spot rate of the Swiss franc is $.69 on the expiration date, your net profit per unit, assuming that you have to buy Swiss francs in the market to fulfill your obligation, is:

• A) -$.02.
• B) -$.01.
• C) $.01.
• D) $.02.
• E) none of the above

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Definitions:

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The act of buying and selling stocks through internet-based trading platforms, without the need for a physical stock exchange.

Informal

A quality describing actions or structures not guided by official procedure, regulations, or requirements, often characterized by flexibility and personal relationships.

Nonprogrammed

Pertains to decisions or solutions that are not routine or standard but are made to address unique or novel situations.

International Expansion

The process by which a company extends its business operations into new markets abroad.