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2. The cost of the put option for Syarikat Gemilang is RM150 per lot. The striking price is RM12. You wish to sell 3 lots.

2. The cost of the put option for Syarikat Gemilang is RM150 per lot. The striking price is RM12. You wish to sell 3 lots. The market price of the share is RM15.

Determine your profit or loss if you exercise the option at 1 lot for RM7.00 per share and at 2 lots for RM8.00 per share.

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