A stock is currently trading at $ 50. A three-month at-the-money European put option costs 3.37. The delta of the put is -0.431 and the gamma of the put is 0.039. Given these values, if the stock price decreases by $5.00, then the best estimate for the new value of the put is:

Group of answer choices

- 6.01

5.53

6.01

0.97