You sold five put option contracts on Bakers Field stock with an exercise price of $27.50 and an option price of $1.06.The stock price was $28.20 a share on the option expiration date.Ignoring trading costs and taxes,what is your total net profit or loss on this investment?
A) -$530
B) -$180
C) $530
D) $180
E) $880
Correct Answer:
Verified
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