Palm's share price stands at 4.80. You purchase one March 500p put on Palm's shares for 52p.

Question:

Palm's share price stands at £4.80. You purchase one March 500p put on Palm's shares for 52p. What is your profit or loss on the option if you hold the option to under each of the following share prices?
a. 550p
b. 448p
c. 420p
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...