Question: You purchase one March 120 put contract for a put premium of $10 (Each stock option contract provides for the right to buy or sell

  1. You purchase one March 120 put contract for a put premium of $10 (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.

    $11,000
    B.

    $6,000
    C.

    $13,000
    D.

    $120

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