Question: A speculator may write a put option on stock with an exercise price of $15 and earn a $3 premium only if he thought o

A speculator may write a put option on stock with an exercise price of $15 and earn a $3 premium only if he thought o the stock price would fall below $18. e the stock price would stay below $12. the stock price would rise above $18 or fall below $12. the stock price would stay above 515

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