a Hugo Drake is a currency trader who holds a call option with a strike price of $0.70/AUD, at an option premium of $0.0025 per Australian Dollar (AUD), and an expiration date 180 days from today. The option is for AUD 1 million. What is the gain or loss to Hugo on expiration of the option if the spot rate at maturity is AUD1.46/$? O $2,500 gain $22,500 loss $22,500 gain $2,500 loss $0