A call option to buy £10,000 at a strike price of $1.80 = £1.00 is equivalent to

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A call option gives the holder the right to buy an underlying asset at a specified price on or before a certain date. A put option gives the holder the right to sell an underlying asset at a specified price on or before a certain date. In this case, the call option is to buy £10,000 at a strike price of $1.80 = £1.00. This is equivalent to a put option to sell $18,000 at a strike price of $1.80 = £1.00.

A Call Option to Buy £10,000 at a Strike Price