Suppose you hold a protective put position when the stock price is $52 and the put option has a strike price of $50. If the put option has a delta of -0.500 and the stock price falls to $44 at the expiration date, what would be the change in value of your protective put position from today to the expiration date?
A) -$8 per share
B) -$4 per share
C) -$2 per share
D) 0
Correct Answer:
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