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What is the Maximum Gain answer?(Btw: $500,000 is not the correct answer) Calls Puts Close Strike Price Expiration Volume Last Volume Last Hendreeks 103 100

What is the Maximum Gain answer?(Btw: $500,000 is not the correct answer)

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Calls Puts Close Strike Price Expiration Volume Last Volume Last Hendreeks 103 100 February 72 5.20 50 2.40 103 100 March 41 8.40 29 4.90 103 100 April 16 10.68 10 6.60 103 100 July 8 14.30 2 10.10 Suppose you buy 50 July 100 put option contracts. What is your maximum gain? On the expiration date, Hendreeks is selling for $86.70 per share. How much is your options investment worth? What is your net gain? Note: Do not round intermediate calculations. Answer is not complete. Maximum gain Terminal value $ 66,500 Net gain 69 $ 16,000

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