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The price of a stock on February 1 is $ 8 4 . A trader BUYS 2 0 0 put options on the stock with

The price of a stock on February 1 is $84. A trader BUYS 200 put options on the stock with a strike price of $90 when the option price is $10. The options are exercised when the stock price is $85. The trader's net profit or loss is
gain of $1,000
loss of $1,000
loss of $2,000
gain of $200
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