The following table lists prices at close of various IBM options as of January 18, 2013: Call Put Expiration Strike Last Volume Open Interest Last Volume Open Interest Jan 185 9.15 307 2431 0.76 302 2488 Feb 185 10.60 299 1.82 710 3545 Apr 185 12.00 141 706 3.60 104 2047 Jul 185 14.35 37 134 6.55 37 1354 Jan 190 14.40 815 5697 1.75 507 2496 Feb 190 6.75 402 2808 3.00 3553 10377 Apr 8.85 107 1866 5.20 527 2177 Jul 190 10.95 15 645 8.54 16 1142 Jan 195 0.01 2451 11718 0.70 4090 8862 Feb 195 3.65 1337 11902 5.00 860 3156 Apr 195 5.90 1785 2928 7.30 934 1141 Jul 195 8.45 13 5773 10.85 22 3419 Jan 200 (1.10 1248 2966 15.55 637 6199 Feb 200 1.61 1053 5530 8.09 546 1967 Apr 200 3.70 629 3236 10.05 375 1903 Jul 200 6.10 80 1257 1105 190 The underlying stock price of IBM stock as of January 18, 2013 is $194.47. Assuming that the stock price at expiration is $197, use the data in the table to calculate the profit/loss of a put option with strike $200 and expiring in April