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The price of a stock is $67. A trader sells (writes) 5 put option contracts on the stock with a strike price of $70 when
The price of a stock is $67. A trader sells (writes) 5 put option contracts on the stock with a strike price of $70 when the option price is $4. The options are exercised when the stock price is $69. What is the traders net profit or loss if each contract is for 100 shares?
The trader has a _____of_________
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