Question: Question 1 A trader writes a December put option with a strike price of $ 3 0 . The price of the option is $

Question 1
A trader writes a December put option with a strike price of
$30. The price of the option is $4. Under what circumstances
does the trader make a gain?
The trader makes a gain if the price of the stock is below $24 at the
time of exercise.
The trader makes a gain if the price of the stock is above $26 at the
time of exercise.
The trader makes a gain if the price of the stock is below $26 at the
time of exercise.
None of these
 Question 1 A trader writes a December put option with a

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