Question: You sold two put contracts on ABC stock, each contract is written on a round lot of 100 shares. The options have an exercise price

You sold two put contracts on ABC stock, each contract is written on a round lot of 100 shares. The options have an exercise price of $27.50. The options were exercised today when the stock price was $22.40 a share. What is your tota payoff? Ignore transaction costs and taxes. O $1,020 O $12,000 $8,400 -$12,000 -$8,400

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