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Investor owns 500 shares of company Z which are currently trading at $80 per share. Investor is concerned with preservation of unrealized gains and purchases

Investor owns 500 shares of company Z which are currently trading at $80 per share. Investor is concerned with preservation of unrealized gains and purchases a put option for 500 shares with a $75 strike price for $150. If a stock price goes up to $105 per share, what is investors gain or loss?

$500 gain

$12,350 gain

$2,650 gain

$150 loss

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