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You are an options trader specializing in the Singapore dollar. The current spot rate is $0.62/S$. A put option on the Singapore dollar that expires

You are an options trader specializing in the Singapore dollar. The current spot rate is $0.62/S$. A put option on the Singapore dollar that expires in 90 days with a strike price of $0.64/S$ 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 $0.00041/S$.

You believe the spot rate will go to $0.68 in 90 days and would like to buy 1,000,000 options. 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 actually goes to $0.63.

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