Question 11 Mr. Martin buys a put option to sell 100 shares. The strike price=$70; Current stock price=$65, price of the put option to sell one share=$7. At the time of the expiration of the put option, the share price is $72. What is the total gain or loss of Mr. Martin? O a. Loss $700 O b. Gain $1300 O c. Loss $7 O d. Gain $7