You purchase one June 70 put contract for a put premium of $4.What is the maximum profit that you could gain from this strategy?
A)$7,000
B)$400
C)$7,400
D)$6,600
E)none of the above

Question

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The Answer of You purchase one June 70 put contract for a put premium of $4.What is the maximum profit that you could gain from this strategy?
A)$7,000
B)$400
C)$7,400
D)$6,600
E)none of the above

You Purchase One June 70 Put Contract for a Put