On February 2, 2020, SPY an index fund tracking the S&P 500 is valued at $338.73. You are worried about reports of a new disease that was first reported and its impact on the market. You decide to purchase put options on SPY. The put options have a strike price of $292.07 and the put premium is $29.07. It turns out that your worries were warranted, and SPY is valued at $318.60 on the maturity date of your options. The profit on the option strategy is ...

The answer for this was -29.07. Could anyone get this?