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2. You sold a 22.5 strike put for $1.65 on a stock that currently sells for $24.98. If the put is exercised, what is the
2. You sold a 22.5 strike put for $1.65 on a stock that currently sells for $24.98. If the put is exercised, what is the net price of the stock, and who buys it?
a. You buy it at $22.50 a share.
b. The counterparty buys it for a net price of $22.50 a share.
c. The counterparty buys it for $24.15.
d. You buy it for a net price of $24.15 per share.
e. You buy it for a net price of $20.85 per share.
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