You purchased a put with a strike price of $35 and an option premium of $0.45. You simultaneously bought the stock at a price of $34 a share. What is your profit per share on these transactions if the stock price at expiration is $33.50?
A) -$1.15
B) -$0.15
C) $0.15
D) $0.35
E) $0.55

Question

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The Answer of You purchased a put with a strike price of $35 and an option premium of $0.45. You simultaneously bought the stock at a price of $34 a share. What is your profit per share on these transactions if the stock price at expiration is $33.50?
A) -$1.15
B) -$0.15
C) $0.15
D) $0.35
E) $0.55

You Purchased a Put with a Strike Price of $35