If I decide to sell a call option of a, let's say eur/usd with a strike price of current currency rate + 100 pips (where 100 pips is a premium), and the currency exchange rate on the exercise day is currency rate + 50 pips does call option buyer has a right to exercise it (thus leaving me with profit of just 50 instead of a 100 pips) or not (it expires worthless)?

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