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You are bearish on Nike currently trading at $170 per share. You buy a February at the money put option (strike price $170, February expiration)
You are bearish on Nike currently trading at $170 per share. You buy a February at the money put option (strike price $170, February expiration) for $10.25 per share. If Nike reaches $150 per share at maturity your profit on the option strategy is closest to...?
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