Question: You short 8 put option contracts on Intel with a strike price of $ 6 0 . 0 0 . The option premium is $

You short 8 put option contracts on Intel with a strike price of $60.00. The option premium is $1.25 per share, and the market price for Intel on the date you enter the contracts is $60.30. What is the value of your position if when the options expire Intel is selling for $62.50?
You short 8 put option contracts on Intel with a strike

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