Based on the Option Chart posted (twice for clarity) and the Euro premium information (second photo), create a model or circumstance that incorporates the factors given (hypothetically) with an out of the money option chosen and why.

Based on July 9, 2018 chart table information:

1.I would like to calculate the maximum number of put options to purchase.

2.Choose a corresponding put option, and premium

3. Then calculate the total premium.

Based on July 13, 2018 chart information, I would like to:

1.Collect the Euro's July 13, 2018 spot information

2. Compare July 13th, 2018 spot price to the exercise price

3. Then decide whether to exercise the option if the exercise price is greater then the spot price, OR allow the option to expire if the spot price is greater than the exercise price.

Option Chain for PIILX U.S. Dollar-Settled Euro Currency July 9, 2018) Spot exchange rate (on 7/9/18): 117.33 US cents per One option: 10,000 Put -last Strike (Exercise Call last Maturity date (US cents per e) (US cents per e) (US cents pere) 5.20 4.80 4.25 3.74 3.00 2.65 0.70 July 13, 2018 July 13, 2018 July 13, 2018 July 13, 2018 July 13, 2018 July 13, 2018 July 13, 2018 July 13, 2018 July 13, 2018 July 13, 2018 July 13, 2018 XDE XDE XDE XDE XDE XDE XDE XDE XDE XDE XDE 113.00 114.00 115.00 116.00 117.00 117.50 118.00 119.00 120.00 121.00 122.00 1.00 1.35 1.80 2.15 2.40 2.90 3.45 3.90 4.40 4.90 OUT AT 1.75 1.18 IN 0.85 Option Chain for PIILX U.S. Dollar-Settled Euro Currency July 9, 2018) Spot exchange rate (on 7/9/18): 117.33 US cents per One option: 10,000 Put -last Strike (Exercise Call last Maturity date (US cents per e) (US cents per e) (US cents pere) 5.20 4.80 4.25 3.74 3.00 2.65 0.70 July 13, 2018 July 13, 2018 July 13, 2018 July 13, 2018 July 13, 2018 July 13, 2018 July 13, 2018 July 13, 2018 July 13, 2018 July 13, 2018 July 13, 2018 XDE XDE XDE XDE XDE XDE XDE XDE XDE XDE XDE 113.00 114.00 115.00 116.00 117.00 117.50 118.00 119.00 120.00 121.00 122.00 1.00 1.35 1.80 2.15 2.40 2.90 3.45 3.90 4.40 4.90 OUT AT 1.75 1.18 IN 0.85