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VIM shares are trading at R100 per share and have a put options available on them. The put options on a single share have a

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VIM shares are trading at R100 per share and have a put options available on them. The put options on a single share have a strike price of R128, an option premium of R2.96, and expire next month. If each option contact contain 630 shares and at expiry date the share trade for R98. Calculate the profit or loss of the put option contract. Ensure that you only write the figure, include a negative if it's a loss and round off to two decimal places

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