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A three-month European put option with a strike of price $14 costs $0.3. The price of the underlying asset is $14.8. An investor forms a
A three-month European put option with a strike of price $14 costs $0.3. The price of the underlying asset is $14.8. An investor forms a covered put strategy. Suppose that at maturity, the price of the underlying asset is $11.9. What is the profit/loss per share from this strategy? a. $-10.80 b. $3.20 c. $-3.20 d. $-1.10 e. $1.10
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