Selling currency put options brian tull sold a put option, Financial Management

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Selling currency put options brian tull sold a put option

Selling Currency Put Options. Brian Tull sold a put option on Canadian dollars for exist.03 per unit. The strike price was exist.75, and the spot rate at the time the option was exercised was exist.72. Assume Brian immediately sold off the Canadian dollars received when the option was exercised. Also assume that there are 50,000 units in a Canadian dollar option. What was Brian's net profit on the put option?

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Financial Management: Selling currency put options brian tull sold a put option

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