1) A stock is valued at 70 today, you buy a 65 dollar put for $6 dollars, how far would price have to drop for you to break even?

A. drop to 59.

B. drop to 65.

C. drop to 64.

D. option is ITM no need to break even.

2) If the premium is $15, what is the breakeven price for a put option with a strike price of $120 for the seller of the put? How about for the buyer of the put?

A. $105; $135.

B. $135; $105.

C. $135; $135.

D. $105; $105.