You often take speculative positions in options on euros. One month ago, the spot rate of the euro was $1.49, and the one-month forward rate was $1.50. At that time, you sold call options on euros at the money. The premium on that option was $0.02. Today is when the option will be exercised, if it is feasible to do so.
Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*
*Response times vary by subject and question complexity. Median response time is 34 minutes and may be longer for new subjects.