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John is a US based Forex trader. He focuses principally on the Singapore dollar/US dollar
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John is a US based Forex trader. He focuses principally on the Singapore dollar/US dollar (S$/$) cross-rate. The current spot rate is S$1.40/$. After considerable study, he concludes that the exchange rate, in the coming 180 days, will probably be about S$1.34/$. He has the following options on the Singapore dollar to choose from:
Option
Strike Price
Premium
Put on S$
S$1.3600/$
$0.003/S$
Call on S$
S$1.3600/$
$0.004/S$
Discuss whether he should buy a Put on S$ or Call on S$, and what would be his net profit if the spot rate at the end of the 180 days is indeed S$1.34/$.
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[Solved] John is a US based Forex trader. He focuses principally on the Singapore dollar/US dollar
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- Submitted On 10 May, 2017 05:46:31
Answer posted by
- Beam777
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John is a US based Forex trader. He focuses principally on the Singapore dollar/US dollar
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