Question: Question 27 3 pts You purchased three (3) put option contracts on BBB stock with a strike price of $60 and an option price of

 Question 27 3 pts You purchased three (3) put option contracts

Question 27 3 pts You purchased three (3) put option contracts on BBB stock with a strike price of $60 and an option price of $0.60. The option expires today when the value of WXX stock is $48.10. Ignoring trading costs and taxes, what is your total profit on your investment? (Note: one contract has 100 options.) $3,390 $3,570 $180

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