Question: Question 18 0.5 points Save Answer Mr. Martin buys a put option to sell 100 shares. The strike price=$70; Current stock price=$65, price of the

Question 18 0.5 points Save Answer Mr. Martin buys a put

Question 18 0.5 points Save Answer Mr. Martin buys a put option to sell 100 shares. The strike price=$70; Current stock price=$65, price of the put option to sell one share=$7. At the time of the expiration of the put option, the share price is $72. What is the total gain or loss of Mr. Martin? a. Loss $700 O b. Gain $1300 c. Gain $7 O d. Loss $7

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