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Among the following strategies (1) buy a GBP call option (2) sell a GBP call option (3) buy a GBP put option (4) sell a

Among the following strategies (1) buy a GBP call option (2) sell a GBP call option (3) buy a GBP put option (4) sell a GBP put option (5) buy a GBP forward contract (6) sell a GBP forward contract

(1) If you believe that GBP will appreciate in the next 3 months, which strategy (strategies) could give you a profit?

(2) If you believe that GBP will depreciate in the next 3 months, which strategy (strategies) could give you a profit?

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