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Gerald purchased 3 put option contracts at an option premium of $0.95 and a strike price of $40. At expiration, the stock price was $42.25
Gerald purchased 3 put option contracts at an option premium of $0.95 and a strike price of $40. At expiration, the stock price was $42.25 per share. What is his percentage return? What is the percentage return if the stock price at expiration is $39.05? What is his percentage return? What is the percentage return if the stock price at expiration is $36.18?
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