13 11 134 3. If you buy one November PUT options contract with an exercise price of $0.81. If at the time of the option expi date, the spot price for Swiss francs is $0.805, then this call option is and I you i incur a net O out-of-the-money; loss of $968.75 O in-the-money: loss of $656.25 O out-of-the-money; loss of $312.50 O in-the-money; profit of $312.50