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Suppose the current price of a stock is $ 1 1 4 and you buy 1 0 contracts of an August put option with a

Suppose the current price of a stock is $114 and you buy 10 contracts of an August put option with a strike price of $110 and at a premium of $4.70. Each contract is for 100 shares. What is your maximum possible gain? On expiration the stock is selling for $104. How much is your options investment worth. What is your net gain?
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