Question: please answer asap Twelve (12) put option contracts (each for 100 shares) are purchased at a price of $4.27 with a strike price of $54.20.

please answer asap

Twelve (12) put option contracts (each for 100 shares) are purchased at a price of $4.27 with a strike price of $54.20. What is the maximum profit you could earn on these options? OA) $59,916 B) $70,164 C) There is not enough information to answer. D) -$5,124 E) $5,124

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