Allison bought 100 shares of MIKO, Inc.stock at a price of $35 a share.In addition, she bought a 35 put on MIKO at a cost of $125.Which of the following are true about Allison's position from now until the option expiration date?
I.Her maximum loss is $3,625.
II.Her maximum loss is $125.
III.Her minimum gain is $125.
IV.Her maximum profit is unlimited.
A)I and IV only
B)II and III only
C)II and IV only
D)II, III and IV only

Question

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The Answer of Allison bought 100 shares of MIKO, Inc.stock at a price of $35 a share.In addition, she bought a 35 put on MIKO at a cost of $125.Which of the following are true about Allison's position from now until the option expiration date?
I.Her maximum loss is $3,625.
II.Her maximum loss is $125.
III.Her minimum gain is $125.
IV.Her maximum profit is unlimited.
A)I and IV only
B)II and III only
C)II and IV only
D)II, III and IV only

Allison Bought 100 Shares of MIKO, Inc