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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

 

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 "0" wherever required. Do not round intermediate calculations. Round your answers to 2 decimal places.) $ LA LA LA $ $ LA LA $ $ Stock price 75.00 80.00 85.00 90.00 95.00 Short profit $ $ 10.00 5.00 $ $ $ 0 $ $ -5.00 $ $ -10.00 $ Put payoff 10.00 $ 5.00 x $ 0 $ 0 $ 0 $ Put profit -7.00 -2.00 3.00 3.00 3.00 $ $ $ $ $ Net profit 3.00 3.00 3.00 -2.00 -7.00

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