QUESTION 0.07 points The price of a stock is $28.5. A trader buys 7 put option contracts on the stock with a strike price of $35 when the option price is $9 When does the trader make a net profit? When the stock price is below $32 When the stock price is below $20.5 When the stock price is below $26 When the stock price is below $295 When the stock price is below $28.5 6.67 points QUESTION 2 The price of a stock is $32. A trader sells 4 put option contracts on the stock with a strike price of $30 when the option price is $3. The options are exercised when the stock price is $27.5. What is the trader's total net profit or loss? Loss of 51200 Loss of $500 Loss of S1000 Gain of $200 Gain of $1000