A call option on the SGD with a strike price of 0.74 USD/SGD and
a maturity of 6 months has a premium bid price of 0.06 USD, and a
1penny bid-ask spread. If you sell these options today on 10,000
SGD, and at maturity the SGD is quoted at bid price of 0.84
USD/SGD, with a 1 penny bid-ask spread, what is your net profit on
this position?
Note: pay careful attention to which side of the quote you will be
trading with at each step.
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