You buy one December CALL options contract with an exercise price of $0.78. If at the time of the option expiration date, the spot price for Swiss francs is $0.775, then this call option is , and you incur a net in-the-money; profit of $312.50 out-of-the-money; loss of $312.50 in-the-money: profit of $1.975.00 out-of-the-money; loss of $1,662.50 Please answer the next question based on the following quotes on currency options contracts for Swiss francs (CHF), where each contract has 62,500CHFs. Exercise prices, call and put premiums are in cents. You buy one December CALL options contract with an exercise price of $0.78. If at the time of the option expiration date, the spot price for Swiss francs is $0.775, then this call option is , and you incur a net