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You hold 1 contract on a 132 September Put option on British pound. The premium of the contract is $120 per contract. The contract size

You hold 1 contract on a 132 September Put option on British pound. The premium of the contract is $120 per contract. The contract size is GBP 10,000. Suppose at expiration date, the spot rate is S(USD/GBP)=1.3105.

Is this Put option "In-the-money" or "Out-of-the-money"?

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