The current price of a stock is $$90.$ A trader buys $1$

put option contract on the stock with a strike price

of $$70.$ The trader paid a premium of $$5$ for the

option. Which statement is true at the time of the

option expiration?

Select one:

A$.$ The trader will only exercise the option

when the stock price is above $$75$

B$.$ The trader will only make a profit when

exercising the option if the stock price is below

$$70$

C$.$ The trader will only exercise the option

when the stock price is above $$70$

D$.$ The trader will never exercise the option

E$.$ The trader will only make a profit when

exercising the option if the stock price is

below $$65$