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The price of a stock is $37. A trader buys 2 put option contracts on the stock with a strike price of $34 when the

The price of a stock is $37. A trader buys 2 put option contracts on the stock with a strike price of $34 when the option price is $5. When does the trader make a profit?

Group of answer choices

A. When the stock price is below $34

B. When the stock price is above $34

C. When the stock price is below $29

D. When the stock price is below $42

E. When the stock price is above $29

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