On February 6, 2020, SPY an index fund tracking the S&P 500 is valued at $333.88. 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 $301.69 and the put premium is $20.45. It turns out that your worries were warranted, and SPY is valued at $284.20 on the maturity date of your options. The value of the option is...

Note - the answer provided to me was 17.49