Question
you shorted 100 contracts of USD/CAD put option with a strike price of $0.7855 for a premium of $0.01. Each contract size is 125,000 CAD.
you shorted 100 contracts of USD/CAD put option with a strike price of $0.7855 for a premium of $0.01. Each contract size is 125,000 CAD. Suppose you closed out your position at $0.7885. What is the profit or loss?
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International Financial Management
Authors: Jeff Madura, Roland Fox
5th Edition
1473770505, 978-1473770508
