What are put options worth and net profit
Put Option Payoffs Suppose you purchase eight put contracts on Testaburger Co. The strike price is $30, and the premium is $3. If, at expiration, the stock is selling for $20 per share, what are your put options worth? What is your net profit?
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The strike price is $30, and the premium is $3. If, at expiration, the stock is selling for $20 per share, what are your put options worth? What is your net profit?
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