You purchase 5 put option contracts at a price of $1.20. The strike price of the option is $52.50, and the stock price at expiration is $46.80. What is the percentage return on your investment?
A) 2.50%
B) 3.75%
C) 4.75%
D) 375.00%
E) 475.00%

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The Answer of You purchase 5 put option contracts at a price of $1.20. The strike price of the option is $52.50, and the stock price at expiration is $46.80. What is the percentage return on your investment?
A) 2.50%
B) 3.75%
C) 4.75%
D) 375.00%
E) 475.00%

You Purchase 5 Put Option Contracts at a Price of $1.20