An investor writes a GHI November 30 put for $4. GHI drops to $20 and the put is exercised. After selling the stock in the market, what is the gain or loss? a. $600 gain b. $600 loss c. $1, 400 gain d. $1, 400 loss e. None of the above An investor writes an XYZ December 75 call for $8. XYZ increases to 86 just prior to expiration and the call is exercised. The investor does not own XYZ stock. What is the investor's gain or loss? a. $1, 300 gain b. $1, 300 loss c. $300 gain d. $300 loss e. None of the above An investor writes a GHI November 30 put for $4. GHI drops to $20 and the put is exercised. After selling the stock in the market, what is the gain or loss? a. $600 gain b. $600 loss c. $1, 400 gain d. $1, 400 loss e. None of the above An investor writes an XYZ December 75 call for $8. XYZ increases to 86 just prior to expiration and the call is exercised. The investor does not own XYZ stock. What is the investor's gain or loss? a. $1, 300 gain b. $1, 300 loss c. $300 gain d. $300 loss e. None of the above