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Hello John.
Normally we calculates gain or loss on the future or compare exercise price of option with expected future spot to calculate final result but in this question we did nothing like that.
We did not calculate gain or loss on future neither compare EP with expected future sopt, can you please explain why ?
I have recorded lectures working through the whole of this question – if you watch the lecture then it should explain what you are asking 🙂
You can find them linked from this page:
https://opentuition.com/acca/afm/afm-revision-lectures/If you are still not clear after watching the lectures, then please do ask again 🙂
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