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You own a share of UA and you decide to buy a put option as a means to protect yourself if the price of

 

You own a share of UA and you decide to buy a put option as a means to protect yourself if the price of the stock goes down. The strike on the put is $178 whereas UA shares are being trading today at $180. Three days later, the price of UA stocks goes down to $59. What is the net profit of your portfolio? Assume that the put premium (price at which you bought it) was $5.00.

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