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oday, the price of Citi's stock was trading at $70 a share. Mary believes that in the next three months C's stock price is likely

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oday, the price of Citi's stock was trading at $70 a share. Mary believes that in the next three months C's stock price is likely to fall. Therefore she bought two ontracts of a 3-months puts on Citi stock (C) with a strike price of $65. One day before the puts expire, the stock price fell to ST=$60/ share. Please mark the only NCORRECT statement about this trade: oday, the price of Citi's stock was trading at $70 a share. Mary believes that in the next three months C's stock price is likely to fall. Therefore she bought two ontracts of a 3-months puts on Citi stock (C) with a strike price of $65. One day before the puts expire, the stock price fell to ST=$60/ share. Please mark the only NCORRECT statement about this trade

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