A call option on the EUR, with time to maturity of 3 months and strike price of 1.19 USD/EUR, is currently trading at a premium of 0.09 USD. If you buy call options on 80,000 EUR, and then at maturity the Euro is trading at 1.2 USD/EUR, what is your net profit from this position?
A call option on the SGD with a strike price of 0.78 USD/SGD and a maturity of 6 months has a premium bid price of 0.14 USD, and a 1penny bid-ask spread. If you sell these options today on 10,000 SGD, and at maturity the SGD is quoted at bid price of 0.81 USD/SGD, with a 1 penny bid-ask spread, what is your net profit on this position?
Note: pay careful attention to which side of the quote you will be trading with at each step.