Question: Suppose a trader buys a put option with a strike price of $50 and a premium of $4.67. When the option was purchased (three months
Suppose a trader buys a put option with a strike price of $50 and a premium of $4.67. When the option was purchased (three months previous), the stock traded for $49/share. At expiration, the stock traded for $47/share. What is the traders net profit or loss, per share? (Type just the number to two decimal places in the response box, without commas, dollar signs or percent signs. Do not enter commas but use negative sign if necessary, so for example "-12.34").
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