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Spot exchange rate in 3 months is $1.27/. What is the net profit per unit? Short Currency strangle Call option premium: $0.03/ Put option premium

Spot exchange rate in 3 months is $1.27/. What is the net profit per unit?

Short Currency strangle

Call option premium: $0.03/

Put option premium : $0.02/

Call option strike price: $1.25/

Put option strike price: $1.05/

Maturity = 3 months

The correct answer is $0.03/, how is this achieved? Show working

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