Question: Suppose you write one IBM put option with exercise price of $130. Option premium is $7. What is your net profit from the trade if

 Suppose you write one IBM put option with exercise price of

Suppose you write one IBM put option with exercise price of $130. Option premium is $7. What is your net profit from the trade if IBM trades at $145 on the expiration date? Assume that one option contract pertains to one share of stock. a) $7 (loss of $7 ) b) $8 c) $7 d) $0

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