2. Premium paid, P, to get the call is $0.02 per unit, Strike price, X, is $1.45; Spot price, S, is $1.46 when the call is exercised; the size of the call is 31,250 units. What is the net profit for the buyer of call option?

3. Premium paid, P, to get the put is $0.04 per unit, Strike price, X, is $1.80; Spot price, S, is $1.59 when the put is exercised; the size of the put is 31,250 units. What is the net profit for the buyer of put option?