You purchase one (1) Put Option on Goldman Sachs (current price is $218.00) with a strike price of $215.00 and an expiration date of 9/20/2019. Your cost for this contract is $210. What is your total net profit (excluding commissions) if Goldman Sachs closes at $185.00 on 9/20/2019?

11. You purchase one (1) Put Option on Goldman Sachs (current price is $218.00) with a strike price of $215.00 and an expiration date of 9/20/2019. Your cost for this contract is $210. What is your total net profit (excluding commissions) if Goldman Sachs closes at $185.00 on 9/20/2019