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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?

a. 500

b. 900

c. 100

d. -100

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