Question: You purchase one March 110 put contract for a put premium of $8 (Each stock option contract provides for the right to buy or sell

You purchase one March 110 put contract for a put premium of $8 (Each stock option contract provides for the right to buy or sell 100 shares of stock). The maximum profit that you could gain from this strategy is _________.

	A.	$10,500
	B.	$10,200
	C.	$102
	D.	$9,500

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