Question: You purchase one MBI March 1 2 0 put contract for a put premium of $ 1 0 . The maximum profit that you could

You purchase one MBI March 120 put contract for a put premium of
$10. The maximum profit that you could gain from this strategy is
Exercise Price = The purchase amount on the contract
Premium per Share = Put Premium
Contracts are sold (written) or purchased in bundles of 100.
Profit = # Shares *( Exercise Price - Premium per Share )
$120
$1,000
$11,000
$12,000
 You purchase one MBI March 120 put contract for a put

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