net profit options: -$0.51 -$0.38 -$0.01 $-0.25

per contract: From top to bottom: selling price: $17,640 $20,160 $15,120 $25,200

Purchase price: -$33,800 -$31,200 -$26,000 -$36,400

premium paid for option: $840 $720 $1200 $960

net profit: -$20,560 -$15,320 -$10,080 $400

Suppose that you are a speculator that anticipates an appreciation of the Singapore dollar (S$). You purchase a call option contract on Singapore dollars. Each contract represents S$40,000, with a strike price of $0.63 and call option premium of $0.03 per unit. Suppose that the spot price of the Singapore dollar is $0.65 just before the expiration of the call option contract. At this time, you call the contract and immediately sell the Singapore dollars to a bank at the current spot price. Now consider this scenario from the perspective of the individual or firm that sold you the call option Note: Assume there are no brokerage fees. Use the drop-down selections to fill in the following table from the sellers perspective Transaction Per Unit Per Contract Selling Price of Ss $0.63 Purchase Price of S$ + Premium Pald for Option -50.65 $0.03 = Net Profit