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You write a put with a strike price of $85 on stock that you have shorted at $85 (this is a covered put). What are
You write a put with a strike price of $85 on stock that you have shorted at $85 (this is a "covered put"). What are the expiration date profits to this position for stock prices of $75,$80,$85,$90, and $95 if the put premium is $3.00 ? (A negative value should be indicated by a minus sign. Leave no cells blank - be certain to enter "O" wherever required. Do not round intermediate calculations. Round your answers to 2 decimal places.)
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