Bluefish has a put option that trades with a strike price of $75. The put option premium is $12. Determine the profit/loss on one Bluefish put option if at the option's expiration the stock price is $55.
Place your answer with dollars and cents without a dollar sign. Enter negative answers with a "minus" sign. For example, if your answer is negative two dollars and seventy five cents, then enter -2.75.