Three weeks ago, you purchased a June $30 put option on Leeper Metals stock at an option price of $1.80. The market price of the stock three weeks ago was $30.60. Today, the stock is selling at $29.80 a share. What is the intrinsic value of your put contract?
A) -$100
B) -$20
C) $0
D) $20
E) $60
Correct Answer:
Verified
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