On March $1,2025,$ Ferguson Corp. purchased a put option on shares of SST stock. The contract was for $100$ shares at a strike price of $$170$ per share, with an expiration date of May $31,2025.$ Ferguson settled the option on May $5($assume cash settlement$).$ Additional information pertaining to the option is provided below.

$\backslash$table$[[,$March $1,$March $31,$May $5],[$Price of SST stock:,$$170,$$$160,$$$165$

On March $1,2025,$ Ferguson Corp. purchased a put option on shares of SST stock. The contract was for $100$ shares at a strike price of $$170$ per share, with an expiration date of May $31,2025.$ Ferguson settled the option on May $5($assume cash settlement$).$ Additional information pertaining to the option is provided below.

$\backslash$table$[[,$March $1,$March $31,$May $5],[$Price of SST stock:,$$170,$$$160,$$$165$