Question: You purchase one IBM October 165 put contract for a premium of $7.00. What is your maximum possible profit? (See Figure 15.1 . ) Assume

You purchase one IBM October 165 put contract for a premium of $7.00. What is your maximum possible profit?(SeeFigure 15.1.)Assume each contract is for 100 units.

Potential profit$

You purchase one IBM October 165 put contract for a premium of

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