Ray own a US firm with borrow from Switzerland. Over the next few months, the loan repayment of CHF 50 million is due. It given foreign exchange market movements, it would like to minimize the impact on the cash outflow. Base on these data, could you devise a suitable strategy and evaluate the chosen agents suitable alternative for rang of expected future spot rates. The spot rate is 0.9888CHF/USD. Each option contract has a size of 125,000 Swiss Francs. Option Premia shows Strike price is 0.9850 and 0.9900; Call Option is 0.0108 and 0.0087; Put option is 0.0146 and 0.0175.