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If I bought a Yen/$ option, under what scenario will I lose money (beyond the premium) at the maturity of the option? If the strike

If I bought a Yen/$ option, under what scenario will I lose money (beyond the premium) at the maturity of the option?

If the strike is more than the spot for a call

If the strike is more than the spot for a put

If the strike is less than the spot for a put

There is no circumstance where I will lose more than the premium

If the strike is less than the spot for a call

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