Suppose that you buy a1,000,000 call option against dollars with a strike price of $1.2750/. Describe this

Question:

Suppose that you buy a€1,000,000 call option against dollars with a of $1.2750/€. Describe this option as the right to sell a specific amount of dollars for euros at a particular of euros per dollar. Explain why this latter option is a dollar put option against the euro.

Strike Price
In finance, the strike price of an option is the fixed price at which the owner of the option can buy, or sell, the underlying security or commodity. Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...