8. Suppose you bought 26 put option contracts with a strike price of $48.29. The option premium is $3.1 per contract. Just before the option expires, the stock is selling for $46.64. What is your profit (or loss)? Ignore commissions. (Assume each option contract is based on 100 shares stock) (Note: Please retain at least 4 decimal places in your calculations and 2 decimal places in final answer) The net profit (or loss) is $ 166.4 48.29 So 60