Question: On March 1 , 2 0 2 5 , Hudson Corp. purchased a put option on shares of ICA stock. The contract was for 1

On March 1,2025, Hudson Corp. purchased a put option on shares of ICA stock. The contract was for 100 shares at a strike price of $120 per share, with an expiration date of May 31,2025. The option contract premium was $30. On March 31, a market appraisal estimated the time value of the option to be $20.
Hudson settled the option contract on May 10. Prices of ICA stock during the option period are provided below.
\table[[Price of ICA stock:,March 1,March 31,May 10],[,$120,$110,$115
On March 1,2025, Hudson Corp. purchased a put option on shares

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