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Dear Expert, My next question is: Nellie sells 15 PUT option contracts Exercise price $22.00 per share; Premium $1.20; Spot price at expiry $26.00 QUESTION:

Dear Expert,

My next question is: Nellie sells 15 PUT option contracts

Exercise price $22.00 per share; Premium $1.20; Spot price at expiry $26.00

QUESTION: How much would Nellie earn by selling the 15 contracts (ignoring brokerage costs)

THANKS

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