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You purchase one APPL July 120 put contract for a premium of $4. You hold the option until the expiration date when Apple stock sells
You purchase one APPL July 120 put contract for a premium of $4. You hold the option until the expiration date when Apple stock sells for $124 per share. What is the overall return on your position? $500 loss. $500 profit. $400 loss $100 profit. O $100 loss. $400 profit $0, since you do not have to exercise
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