Calls		Puts
Close	Strike Price	Expiration	Vol.	Last	Vol.	Last
Hendreeks
103	100	Feb	72	5.20	50	2.40
103	100	Mar	41	8.40	29	4.90
103	100	Apr	16	10.68	10	6.60
103	100	Jul	8	14.30	2	10.10

Suppose you buy 45 July 100 put option contracts. What is your maximum gain? On the expiration date, Hendreeks is selling for $86.55 per share. How much is your options investment worth? What is your net gain? (Do not round intermediate calculations.)

Maximum Gain -

Terminal Value -

Net Gain -