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BRK is currently selling at $900 per share. You purchased an at-the-money put of BRK with a $900 strike price and 6-months maturity costs $110
BRK is currently selling at $900 per share. You purchased an at-the-money put of BRK with a $900 strike price and 6-months maturity costs $110 (put premium). Each put contract has the right to sell 100 shares of BRK. What will be your return if BRKs stock price drops 70%? What will be your return if BRK 's stock price increases 70%?
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