Question

You have purchased a put option on Pfizer common stock. The option has an exercise price of $52 and Pfizer’s stock currently trades at $54. The option premium is $0.70 per contract. a. What is your net profit on the option if Pfizer’s stock price does not change over the life of the option? b. What is your net profit on the option if Pfizer’s stock price falls to $49 and you exercise the option?

Answer 1

Answer: I'm 99 years old. You want to know how it was back in my day? No, because everyone now is a stupid emo and they think they are better than everyone.

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