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You pay an option premium of $0.0012/ILS to buy a call option on New Israeli sheqel (ILS) at an exercise (or strike) price of $0.265/ILS.

You pay an option premium of $0.0012/ILS to buy a call option on New Israeli sheqel (ILS) at an exercise (or strike) price of $0.265/ILS. The contract size is ILS 100,000. If the option expires when the spot price is $0.2762/ILS, what is your net profit on this transaction? Less than $0 $120 $800 $900 $1,000 $1,100 $1,200 $1,300 $276,200 $1,000,000

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