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Suppose you purchase 6 put contracts on Testaburger Co. stock. The strike price is $35, and...

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Finance

Suppose you purchase 6 put contracts on Testaburger Co. stock.The strike price is $35, and the premium is $1.50. If, atexpiration, the stock is selling for $31 per share, what are yourput options worth? What is your net profit?

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Suppose you purchase 6 put contracts on Testaburger Co. stock.The strike price is $35, and the premium is $1.50. If, atexpiration, the stock is selling for $31 per share, what are yourput options worth? What is your net profit?

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