A put option on Tesla stock sells for $10 when the stock price is $400. The delta of the put option is 0.4. If immediately afterward, Tesla stock price drops by $2 to $398, what would happen to the put option price?

Group of answer choices

The put price would rise by about $0.80 to around $10.80.

The put price would rise by about 40% to around $14.

The put price would fall by about $0.80 to around $9.20.

The put price would fall by about 40% to around $6.