You Are a Speculator Who Sells a Call Option on Swiss

Multiple Choice

You are a speculator who sells a call option on Swiss francs for a premium of $.06, with an exercise price of $.64. The option will not be exercised until the expiration date, if at all. If the spot rate of the Swiss franc is $.69 on the expiration date, your net profit per unit, assuming that you have to buy Swiss francs in the market to fulfill your obligation, is:

A) -$.02.
B) -$.01.
C) $.01.
D) $.02.
E) None of these are correct.