Problemit is april and a trader buys 100 september put, Ask an Expert

Finance

Problem:

It is April and a trader buys 100 September put options with a strike price of $20. The stock price is $17.06 and the option price is $5.93. At the expiration, the stock price becomes $18.58.

Required:

Question: Calculate the option profit to the trader.

Note: Please explain comprehensively and give step by step solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91162487

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