You sold five put options on Wexmeyer stock with an exercise price of $55 and an option price of $1.70. Today, the contracts expire and the stock is selling for $56.25 a share. What is your net profit or loss on this investment? Ignore trading costs and taxes.
A) -$1,475
B) -$225
C) $225
D) $850
E) $1,475

Question

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The Answer of You sold five put options on Wexmeyer stock with an exercise price of $55 and an option price of $1.70. Today, the contracts expire and the stock is selling for $56.25 a share. What is your net profit or loss on this investment? Ignore trading costs and taxes.
A) -$1,475
B) -$225
C) $225
D) $850
E) $1,475

You Sold Five Put Options on Wexmeyer Stock with an Exercise