Answer ques tions 18 and 19 based upon the following information Stock X is trading at $50 a share. A put option on this stock with a strike price of $S0 costs $2. Sandy buys this call option from Pat. Neither of them owns the stock. Q 18. If at option expiry stock X is trading at $60 a share then Sandy has a a. Net loss of $2 b. Net profit of $2. c. Net loss of $8. d. Net profit of $8. Q 19. If at option expiry stock X is trading at S40 a share then Pat has a a. b. c. d. Net loss of $2. Net profit of $2. Net loss of $8. Net profit of $8