You buy a put with a premium of $3.46 and a strike price of $80. You simultaneously purchase the stock at a price of $80. What is your profit per share on this transaction if the stock price at expiration is $87.19?
A) $3.73
B) $10.65
C) -$3.46
D) $7.19
E) -$7.19

Question

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The Answer of You buy a put with a premium of $3.46 and a strike price of $80. You simultaneously purchase the stock at a price of $80. What is your profit per share on this transaction if the stock price at expiration is $87.19?
A) $3.73
B) $10.65
C) -$3.46
D) $7.19
E) -$7.19

You Buy a Put with a Premium of $3