You short 8 put options contracts on intel intc with a, Financial Management

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You short 8 put options contracts on intel intc with a

You short 8 put options contracts on Intel (INTC) with a strike price of $30.00. The option premium is $1.25 per share, and the market price for INTC on the date you enter the contracts is $28.60. What is (likely) your gain or loss if at option expiration INTC is selling for $32.50?

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