Intro You wrote (sold) a put contract with a strike price of $50 and an expiration date in 6 months. The current stock price is $48 and the contract is for 100 shares. Part 1 Attempt 1/3 for 10 pts. What does writing the put option imply? You can choose whether to exercise the option or not. You must sell the underlying stock to the option buyer if the buyer chooses to exercise the option. You must buy the underlying stock from the option buyer if the buyer chooses to exercise the option. You will make money when the stock price falls. Part 2 Attempt 1/3 for 10 pts. How big is your maximum gain (payoff)? $5000 $0 Infinite $200 $4800 art 3 Attempt 1/3 for 10 pts. How big is your maximum loss (payoff)? $200 $0 Infinite $5000 $4800