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The price of a stock on February 1 is $124. A trader sells 200 put options on the stock with a strike price of $120

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The price of a stock on February 1 is $124. A trader sells 200 put options on the stock with a strike price of $120 when the option price is $5. The options are exercised when the stock price is $110. The trader's net profit or loss is Loss of $2,800 Loss of $2,000 Loss of $1,000 Gain of $1.000

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