Saved Help Save & Exit A stock is trading at $55. You believe there is a 70% chance the price of the stock will increase by 20% over the next 3 months. You believe there is a 20% chance the stock will drop by 10%, and you think there is only a 10% chance of a major drop in price of 20%. At-the-money 3- month puts are available at a cost of $700 per contract. What is the expected dollar profit for a writer of a naked put at the end of 3 months? Multiple Choice $150 $480.00 $400 so