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You bought an S&P500 Index put option with an exercise price of $593.00 two weeks ago, with a premium of $1.50. The option expires today
You bought an S&P500 Index put option with an exercise price of $593.00 two weeks ago, with a premium of $1.50. The option expires today and the price of the index was $595.
(1) Would you be excersing this option? Why or why not?
(2) What would be your payoff?
(3) What would be your profit/loss?
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