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You bought a put option on yen with a strike price of $0.009800/ with premium of $0.000065/. Would you exercise the option if the spot

You bought a put option on yen with a strike price of $0.009800/ with premium of $0.000065/. Would you exercise the option if the spot rate gets to $0.009700/ and what would be the profit/loss per yen?image text in transcribed

You bought a put option on yen with a strike price of $0.009800/\ with premium of $0.000065/. Would you exercise the option if the spot rate gets to $0.009700/ and what would be the profit/loss per yen? No, - $0.000165/ Yes, $0.00035/\ , No, -$0.000065/ Yes, $0.000035/\

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