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Auric Goldfinger is a currency trader who holds a put option with a strike price of $0.014/INR at an option premium of $0.0005 per Indian
Auric Goldfinger is a currency trader who holds a put option with a strike price of $0.014/INR at an option premium of $0.0005 per Indian Rupee (INR), and an expiration date of 200 days from today. The option is for INR2.5 million. What is the gain or loss to Auric on expiration of the option if the spot rate at maturity is INR83/$? $2,500 loss $3,750 gain $3,750 loss $0 O $2,500 gain
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