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table [ [ , Calls,Puts ] , [ Strike , July,August,October,July,August,October ] , [ 1 6 5 , 2 . 7 , 5 .
tableCalls,PutsStrikeJuly,August,October,July,August,October
Buy one July put contract. Hold it until the option expires. Determine the profits and display the results in a chart include profits for the following underlying stock prices: Identify the breakeven stock price at expiration. What is the maximum possible gain and loss on the transaction?
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