Question: please write out steps! thank you! You hold put options on 125,000 with a strike of $1.28/ for $0.147. The current spot is $1.308/E. Immediate

please write out steps! thank you!
please write out steps! thank you! You hold put options on 125,000

You hold put options on 125,000 with a strike of $1.28/ for $0.147. The current spot is $1.308/E. Immediate exercise of these options will generate a total profit/loss of? 18,375

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