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

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.$13,000

B.$11,000

C.$120

D.$6,000

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