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Three months ago, you paid $5.10 for a put option with an exercise price of $83.00 per share. Initially, the stocks price was $82.50, but
Three months ago, you paid $5.10 for a put option with an exercise price of $83.00 per share. Initially, the stocks price was $82.50, but fell to $63.00 by the expiry date. Your profit was:
Select one:
a. $19.50
b. $14.40
c. $14.90
d. $24.35
e. None of the above
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