Question: You write one Chih, Inc. April 120 put contract (equaling 100 shares) for a premium of $4. You hold the option until the expiration date,
You write one Chih, Inc. April 120 put contract (equaling 100 shares) for a premium of $4. You hold the option until the expiration date, when Chih stock sells for $118per share. You will realize a ______ on the investment.
Multiple Choice
A) $300 profit
B)$200 profit
C)$600 loss
D) $200 loss
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