Question 1 (3.5 points) ABC sold 100 puts on a stock at a price of $1.40. Each option provides exposure to 100 shares. The strike price is $20.00. If the option is exercised, ABC will: O make a profit but the amount is undeterminable. Receive a net of $200,000 from the buyer. Pay $214,000 when the option is exercised. Receive a net of $186,000 from the buyer. Pay a net cost of $186,000 to buy her shares