A stock is trading at $53. You believe there is a 80% chance the price of the stock will increase by 10% over the next 3 months. You believe there is a 5% chance the stock will drop by 5%, and you think there is only a 15% chance of a major drop in price of 30%. At the money 3-month puts are available at a cost of $680 per contract. What is the expected dollar profit for a writer of a naked put at the end of 3 months? Multiple Choice $910 O so $428.25