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This is the same first paragraph as the previous question: You are an options trader specializing in the Singapore dollar. The current spot rate is

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This is the same first paragraph as the previous question: You are an options trader specializing in the Singapore dollar. The current spot rate is \\( \\$ 0.62 / \\mathrm{S} \\$ \\). A put option on the Singapore dollar that expires in 90 days with a strike price of \\( \\$ 0.64 / \\mathrm{S} \\$ \\) sells for a premium of \\( \\$ 0.00009 / S \\$ \\), while a call option on the Singapore dollar that expires in 90 days with the same strike price sells for a premium of \\( \\$ 0,00041 / \\mathrm{S} \\$ \\). Now assume that the spot rate is \\( \\$ 0.67 / \\mathrm{S} \\$ \\), but you now believe it will go to \\( \\$ 0.61 / \\mathrm{S} \\$ \\). You would like to buy \\( 1,000,000 \\) options with a strike price of \\( \\$ 0.64 / \\mathrm{S} \\$ \\). Based on that belief, determine whether you would buy calls or puts, and then calculate how much money you make or lose if the spot rate goes to \\( \\$ 0.62 / \\$ \\$ \\)

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