You purchase one June 70 put contract for a put premium of $4. What is the maximum profit that you could gain from this strategy?
A) $7,000
B) $400
C) $7,400
D) $6,600
E) None of the options are correct.

Question

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The Answer of You purchase one June 70 put contract for a put premium of $4. What is the maximum profit that you could gain from this strategy?
A) $7,000
B) $400
C) $7,400
D) $6,600
E) None of the options are correct.

You Purchase One June 70 Put Contract for a Put