Question: 1. A trader sells a put option with a strike price of $50 for $8. The trader's maximum gain and maximum loss on that position

 1. A trader sells a put option with a strike price

1. A trader sells a put option with a strike price of $50 for $8. The trader's maximum gain and maximum loss on that position is: A) Maximum gain is $8; maximum loss is $50 B) Maximum gain is $8; maximum loss is $42 C) Maximum gain is $50; maximum loss is $8 D) Maximum gain is $42; maximum loss is $8 E) Maximum gain is unlimited; maximum loss is $8

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