Calls Puts Close Hendreeks Strike Price Expiration Volume Last Volume Last 103 100 February 72 5.20 50 2.40 103 100 March 41 8.40 29 4.90 103 100 April 16 10.68 10 6.60 103 100 July 8 14.30 2 10.10 Suppose you buy 50 April 100 put option contracts. What is your maximum gain? On the expiration date, Hendreeks is selling for $85.95 per share. How much is your options investment worth? What is your net gain? Note: Do not round intermediate calculations. > Answer is complete but not entirely correct. Maximum gain $ 70,250 > Terminal value $ 70,250 Net gain $ 37,250