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Jeffery writes 8 contracts of SUNZ Nov 5 0 put @ 8 . When SUNZ is trading at $ 4 0 , he is assigned

Jeffery writes 8 contracts of SUNZ Nov 50 put @ 8. When SUNZ is trading at $40, he is assigned the option. If Jeffery immediately sells the underlying shares he receives as a result of the exercised option at their market price, what is his gain or loss? A.$1,600 loss B.$8,000 gain C.$6,400 gain D.$3,200 loss

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