You purchase one IBM July 120 put contract for a premium of $5. You hold the option

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You purchase one IBM July 120 put contract for a premium of $5. You hold the option until the expiration date when IBM stock sells for $123 per share.

What is the overall return on your position?

a. $200 loss

b. $200 profit

c. $500 profit

d. $0, since you do not have to excercise

e. $500 loss

Posted Date: May 18, 2024 05:09 PM

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You purchase one IBM July 120 put contract for a premium of $5. You hold the option

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