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Reference the options chain for Caterpillar, Inc. (ticker: CAT) shown below. You bought one contract of the $100 strike put. At contract expiration, the shares

Reference the options chain for Caterpillar, Inc. (ticker: CAT) shown below. You bought one contract of the $100 strike put. At contract expiration, the shares of CAT traded at $75. What is your profit (or loss) on the strategy? State your answer in total dollar terms (i.e., total out-of-pocket cost not factoring transaction costs), not contract-level terms. Your answer should be a dollar amount with two decimal places of accuracy. Losses should be entered as a negative number.

image text in transcribed MONTHNOV2020DATESELECTDATE EXPIRES: 11/20/2020 LAST TRADE: $105.41 (AS OF MAY 15, 202011:06 )

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