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 (seller) of a naked put at the end of 3 months? Multiple Choice 0 $415 0 $910 0 $428.25 0 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 (seller) of a naked put at the end of 3 months? Multiple Choice 0 $415 0 $910 0 $428.25 0