Ten put option contracts are written with a strike price of $95 and an option premium of $3.87. If the stock price at expiration is $88.16, what is the profit from this transaction?
A) $710
B) $3,870
C) $2,430
D) -$3,160
E) -$2,970

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The Answer of Ten put option contracts are written with a strike price of $95 and an option premium of $3.87. If the stock price at expiration is $88.16, what is the profit from this transaction?
A) $710
B) $3,870
C) $2,430
D) -$3,160
E) -$2,970

Ten Put Option Contracts Are Written with a Strike Price