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Today you are writing a put option on TSLA stock, which is currently valued at $200 per share. The put option has a strike price

Today you are writing a put option on TSLA stock, which is currently valued at $200 per share. The put option has a strike price of $189, 4 months to expiration, and currently trades at a premium of $5.2 per share.

If at maturity the stock is trading at $156, what is your net profit on this position? Keep in mind that one option covers 100 shares.

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