The price of a stock (S0) is $75. A trader sells 6 (N) put option contracts (each contract of 100) on the stock with a strike price (K) of $78 when the option price (c) is $5. The options are exercised when the stock price (S1) is $74. What is the traders net profit or loss? Solve in following 4 steps. a) Option profit ? b) Traders gain per option ? c) Total options sold ? d) Traders total gain ?