This Morning,Krystal Purchased Shares of Global Markets Stock at a Cost

This morning,Krystal purchased shares of Global Markets stock at a cost of $39.40 per share.She simultaneously purchased puts on Global Markets stock at a cost of $1.50 per share and a strike price of $40 per share.The put expires in one year.How much profit will she earn per share on these transactions if the stock is worth $38 a share one year from now?

A) -$2.65
B) -$1.25
C) -$0.90
D) $0.60
E) $1.25