You just read an article on The Trager Investments Report Website that talks about the troubles for the Bad Company Inc. You agree with the Guru of Gatton and decide you want to buy a 1-month put on this stock. The current price is $90 per share and the strike price for the put is $85 per share. The put option will cost $4.25 per share. You decide to buy puts for 100 shares of stock. At the time of expiry Bad Company is selling for $83.50 per share. What is your profit or loss on this investment? Multiple Choice $225 Loss $650 Loss $275 Profit $650 Profit