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Assume the following stock option quotes for GEM Corp., whose stock price is $112 today: Strike 115, September expiration, call volume 34, call price $2.625,

Assume the following stock option quotes for GEM Corp., whose stock price is $112 today: Strike 115, September expiration, call volume 34, call price $2.625, put volume 10, put price $4.125. Suppose that you originally sold (or wrote) twenty contracts of GEM Sept 115 put options. What is your net gain or loss if the stock price is $128 at the time the options expire? Question 34 options: $17,750 gain. $8,250 loss. None of the other statements is correct. $17,750 loss. $8,250 gain.

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