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Pierre purchases a put option on Altec that has a strike price of S10 and a premium of $2. Altec's stock price is now at

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Pierre purchases a put option on Altec that has a strike price of S10 and a premium of $2. Altec's stock price is now at $11, an all time high, although the stock has traded as low as $5 in 2008. What is the MAXIMUM profit that Pierre can hope to earn on this put option? S5 $8 $9 OOO $10 $11 Unlimited - there is no limit to Pierre's profit

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