Chapter 14: Options Market 7 Problems: 7 Writing Put Options: A put option on Indiana stock specifies an exercise price of $23. Today the stock's price is $24. The premium on the put option is $3. Assume the option will not be exercised until maturity, if at all. Complete the following table: Assumed Stock Price at the Time the Put Option is About to Expire Net Profit or Loss per Share to Be Earned by the Writer (Seller) of the Put Option $20 $21 $22 $23 $24 $25 $26