The Black-Scholes model shows that the value of a put option increases the longer the time to expiration. Currently, the price of a stock is $100. There are two put options To sell the stock at $100. The tree-month option sells for $7 and the six month option sells for $4.50.

How much do you gain or lose after three months at the following prices of the underlying stock: $85, $90, $95, $100, $105, $110?