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Q28. Omega Limited, a gold manufacturer, hold a short put European option with an exercise price of $500 per ounce for 100 ounces only to

Q28. "Omega Limited, a gold manufacturer, hold a short put European option with an exercise price of $500 per ounce for 100 ounces only to be exercised in 6 months. The premium is $50 per ounce. If market gold price after 6 months is $400 per ounce, what would be the gain or loss assuming no time value of money."

"-$15,000"

"-$5,000"

"$5,000 "

"$15,000 "

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