Lets say you are shorting 10 1-year Swiss Franc call options against US dollar with a strike price of 1.35 and the unit price of this option is 0.15 US dollars. You are also long 10 1-year Swiss Franc call options against US dollar with a strike price of 1.25 and the unit price of this option if 0.07 US dollars. CHFUSD currently is at 1.12.

1. Show the value for this portfolio in US dollars today

2. If CHFUSD becomes 1.27 in a year, what is the payoff?