Nike is expecting a payment of10 mioin 6 months (they are long GBP). The Forward today is : $1.3000/

NikePurchases a 6 month Put/$ Call Struck at $1.3000/, for $.05/

If at Expiration, in 6 months, spotends up at $1.5000/, then 1- what is the profit or loss of the underlying 10mio (hint: where is it currently marked? and it will end up at 1.5) $,

2- the profit or loss of the option by itself (including the premium) will be $ and

3- thetotal profit or loss of both together will be $