You have purchased a put option on Intel common stock. The option has an exercise price of $57 and Intel is currently trading for $60 per share. The put option cost $2.00 per share. What is your net profit or loss per share if Intel drops to $52 per share?

a. $5.00

b. -$5.00

c. $3.00

d. $8.00

e. -$3.00