Question
Joe purchases a put option with strike price of $2700 on Amazon on 4/15/2020 for $400. The expiration date is 5/29/2020. Suppose the Amazon share
Joe purchases a put option with strike price of $2700 on Amazon on 4/15/2020 for $400. The expiration date is 5/29/2020. Suppose the Amazon share price is $2200 on 5/29/2020. What is Joe's profit from this investment?
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
