Suppose you buy 55 July 100 put option contracts. What is your maximum gain? On the expiration date, Hendreeks is selling for $86.85 per share. How much is your options investment worth? What is your net gain? (Do not round intermediate calculations.)

Strike Price Calls Vol. Last Puts Vol. Last Expiration close Hendreeks 103 103 103 103 100 100 100 100 Feb Mar Apr Jul 72 41 16 5.20 8.40 10.68 14.30 50 29 10 2 2.40 4.90 6.60 10.10 8 Suppose you buy 55 July 100 put option contracts. What is your maximum gain? On the expiration date, Hendreeks is selling for $86.85 per share. How much is your options investment worth? What is your net gain? (Do not round intermediate calculations.) Maximum gain Terminal value Net gain