Suppose you are a trader writing calls and puts on the Mexican Peso (MXN) with a strike price of $0.05/MXN. You can write a call for $0.0025/MXN and a put for $0.0020/MXN. Each contract is for 500,000 Pesos.

You write a put contract, if the spot price at maturity is $0.045/MXN, which one of the following is true?

Group of answer choices

Your profit is $0.0020

Your profit is $1,500

Your loss is $0.0020

Your loss is $1,500