You purchase a call option on Sfr 10,000 for a premium of $.02 per unit, with an exercise price of Sfr 1.2234/$; the option will not be exercised until the expiration date, if at all. If the spot rate on the expiration date is Sfr 0.9/$, your net profit per unit, including the premium paid, is -$2,737 -$1,911 +$1,911 +$2,737