Which of the following is the least feasible strategy for a speculator who expects the Australian dollar to depreciate?

Question

Quizplus · Accepted Answer

Purchasing call options on Australian dollars and then exercising them before the expiration date allows the speculator to buy Australian dollars at a lower price than the market rate, and then sell them in the spot market at the higher rate. This strategy allows the speculator to profit from the expected depreciation of the Australian dollar. The other options involve selling Australian dollars forward or in futures contracts, which carries the risk of not being able to purchase the required amount of currency at the desired rate. Buying put options allows the speculator to sell Australian dollars at a fixed rate, but it may not be advantageous if the spot rate is higher than the exercise price.

Which of the Following Is the Least Feasible Strategy for a Speculator