As a US importer, we have the option of hedging with forwards, options, or not hedging. The size of the transaction is 6.04 million British Pounds. There are 62,500 pounds in 1 option contract. Now...

As a US importer, we have the option of hedging with forwards, options, or not hedging. The size of the transaction is 6.04 million British Pounds.  There are 62,500 pounds in 1 option contract.

                        Now                            End

Spot                 1.240-41 $/L               1.100-01 $/L

Forward          1.230-31 $/L

Call                  .04$                             0

Put                   .03$                             .14

 How much would you receive/pay if you had hedged with forwards?