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The Atlanta Braves have lost the first ten games of the season. Everyone is betting against them. You're more optimistic and decide to write put
The Atlanta Braves have lost the first ten games of the season. Everyone is betting against them. You're more optimistic and decide to write put options on shares of the Liberty Braves Group (NASDAQ: BATRK). BATRK shares are currently trading for $18. Put options on BATRK shares, which expire in three months with a strike price of $15, are trading for $5. You write one put option contract. Assume that there is one share per contract. At maturity, what is your profit if the stock price is $20
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