You buy 6 call options with a contract size of AUD 30,000. They have a USD/AUD strike price of 0.57 and a premium of 7.86 (USD/AUD). You hold these options for 1 month and then sell them for 6.8 (USD/AUD). The brokerage fee on each contract is payable on both entry and exit and is USD 12.21. What is the net profit on this transaction in USD?

Question 3Answer

a.

-190,946.52

b.

-31,824.42

c.

-190,800.00

d.

-190,873.26

e.

-55,800.00

You buy 6 call options with a contract size of AUD 30,000. They have a USD/AUD strike price of 0.57 and a premium of 7.86 (USD/AUD). You hold these options for 1 month and then sell them for 6.8 (USD/AUD). The brokerage fee on each contract is payable on both entry and exit and is USD 12.21. What is the net profit on this transaction in USD? a. \\( -190,946.52 \\) b. \\( -31,824.42 \\) c. \\( -190,800.00 \\) d. \\( -190,873.26 \\) e. \\( -55,800.00 \\)