Question: You purchase two Microsoft December $145 put contracts for a premium of $8.10. What is your maximum possible profit? Assume each contract is for 100
You purchase two Microsoft December $145 put contracts for a premium of $8.10. What is your maximum possible profit? Assume each contract is for 100 shares.
I thought it was (strike price - premium) x shares, but (145 - 8.10) x 100 = 13,690 is the wrong answer.
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