20) You are long a put option with a strike price of $50. If the current price of the stock is $40, which of the following statements is true? A. The option is in-the-money and your gross profit per share is $10 B. The option is out-of-the-money and your gross loss per share is -$10 C. The option is out-of-the-money and your gross profit per share is $10 D. The option is in-the-money and your gross loss per share is -$10

21) You purchase one Apple July put contract with a strike price of 175 and a premium of $3. You hold the option until the expiration date at which time the Apple stock sells for $178. What profit or loss will you realize on this investment? A. $600 loss B. $0 C. $300 loss D. $300 profit

22) You own 100 shares of AMZN which is priced at $1,684. You want to prevent the value of this position from falling under $1,600. What option position with a strike price of $1,600 do you take? A. Buy call option B. Write call option C. Write put option D. Buy put option

23) You own 100 shares of Facebook selling at $134 and you bought a put option contract with a strike price of $125 and a premium of $3. If tomorrow there is another privacy scandal and the stock drop to $110, what will be the value of your position? A. $13,400 B. $12,800 C. $12,500 D. $12,200 E. $11,000

Please give answer and explain