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2/ You purchase 10 DEF puts with a strike price of $100 at $4 a contract. They expire in 6 months. What is your breakeven

2/ You purchase 10 DEF puts with a strike price of $100 at $4 a contract. They expire in 6 months.

What is your breakeven price?

What is your % gain if the stock is at $110 at expiration?

What is your $ profit if the stock is at $90 at expiration?

What is your maximum gain and loss?

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