You sold ten put option contracts on plt stock with an, Ask an Expert

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You sold ten put option contracts on PLT stock with an exercise price of $32.50 and an option price of $1.10. Today, the option expires and the underlying stock is selling for $34.30 a share. Ignoring trading costs and taxes, what is your total profit or loss on this investment?

A. -$2,900

B. -$1,100

C. $700

D. $1,100

E. $2,900

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Basic Finance, Finance

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