A put option on yen is written with a strike price of 105.00/$. How much profit/loss will you make if you choose to exercise the option at 107.00/$?

A call option on euros is written with a strike price of $1.30/euro. How much profit/loss will you make if you choose to exercise the option at $1.45/euro?

A call option on UK pounds has a strike price of $2.05/ and a cost of $0.02. What is the break-even price for the option?

Your U.S firm has an accounts payable denominated in UK pounds due in 6 months. What you should do by using currency options to protect yourself against unexpected changes in the dollar/pound exchange rate?

What will be your maximum gain and maximum loss in dollars, if you short a euro call option against dollar with strike price of $1.35/euro and at a premium of $0.07?

What will be your maximum gain and maximum loss, if you long a UK pounds put option with strike price of $1.80/ and a cost of $0.7?

What will be your maximum gain and maximum loss, if you short a Japanese Yen put option with strike price of 103.00/$ and a cost of 10?