5. Put option. You buy a one-month British pound put option: - Size: 5 million pounds. - Strike price: $1.50 per pound. - Premium: \$.03 per pound. Please calculate the gain or loss on the option within the range of expected future exchange rates at three points: $1.45;1.48;1.51. 6. Put option. You sell a one-month British pound put option: - Size: 5 million pounds. - Strike price: $1.50 per pound. - Premium: $.03 per pound. Please calculate the gain or loss on the option within the range of expected future exchange rates a three points: $1.45;1.48;1.51