What is the breakeven point of Linda’s speculation put option position?

Linda is a speculator who trades Euros. The current spot rate of the Euro is $1.15. Linda predicts
that the Euro spot rate will be $1.30 after 30 days. Therefore, Linda plans to trade options to
capture the profits from her prediction of the Euro movement. There is currently a put option
with a strike price of $1.20 that will expire in 30 days. The premium per unit of the put option is
$0.08. (Hint: Think about whether Linda should buy or sell the put option based on her
predication on the future sport rate of the Euro)
a. How should Linda trade the put option to capture the profits?
b. Draw the contingency graphs for Linda’s put option position.
c. What is the breakeven point of Linda’s speculation put option position?