NAME | in two months, the AUD futures contract expiring in two months is 1.0107 [USD/AUD], the spot price in three months can take the value 1.027 [USD/AUD] with probability 0.6 or 0.9705 [USD/AUD] with probability 0.4. ecide if it is best to do nothing, enter into a futures contract or buy an option, rank the alternatives. The option prices are: STRIKE PRICE CALLS cents/AUD] [cents/AUD] cents/AUD] PUTS 96 100 108 4.76 1.3 0.08 0.15 0.67 7.61