Question 1 pts Jack Spang is a currency trader who writes a put option with a strike price of $0.17/TRY at an option premium of $0.002 per Turkish Lira (TRY), and an expiration date of 100 days from today. The option is for TRY 5 million. What is the gain or loss to Jack on expiration of the option if the spot rate at maturity is TRY6.66/$? O $90,000 gain 0 $90,000 loss O $10,000 loss O $0 O $10.000 gain Rosa Klebb has entered a futures contract to purchase HK10 million in 90 days at HK7.87/US$. What would be the profit or loss on Rosa's position in the futures when the spot rate is US$0.125/HK? O $20,000 loss O $20,000 gain O $2,000 gain $o $2,000 loss A