XYZ stock is currently trading at $60 per share.  You sell 10 puts at a premium of $1.50 with a strike of $56. Determine your gain or loss if:

the stock price decreases to $53 per share at expiration.
the stock price decreases to $58 per share at expiration.
the stock price increases to $62 per share at expiration.

Answer rating: 100% (QA)

Answer I Put Option i The holder of the Put option will have the right to sell the underlying asse... View the full answer