Question: Suppose you write 24 put option contracts with a $70 strike. The premium is $2.40. Evaluate your potential gains and losses at option expiration for

 Suppose you write 24 put option contracts with a $70 strike.

Suppose you write 24 put option contracts with a $70 strike. The premium is $2.40. Evaluate your potential gains and losses at option expiration for stock prices of $60, $70, and $80. (Input all amounts as positive values.) loss is $ 182 X At stock price of $60, the At stock price of $70, the At stock price of $80, the gain is $ 56 X gain is $ 56 X

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