10. Danah sold 3 put option contracts on Lexco stock recently for $500 per contract. The options expire today. The exercise price on the options is $15. The price of the stock today is $20. How much did Danah gain or lose? a. $0 b. $1,500 gain c. $1,500 loss d. $500 gain e. $500 loss 11. Marcus purchased one put option contract for $240. The exercise price is $25 per share. If the stock price at expiration is $28, how much will Marcus gain or lose on this option investment? a. $240 loss b. $240 gain c. $60 loss d. $60 gain e. $300 loss