You Purchase One June 70 Put Contract for a Put

question 8

Multiple Choice

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.

---

Definitions:

Myelin

A fatty substance that surrounds and insulates the axons of some neurons, enhancing the speed and efficiency of electrical signal transmission.

Refractory Periods

Periods immediately following an action potential during which a neuron is unable to fire another action potential or the firing rate is significantly reduced.

Calcium Channels

Ion channels in cell membranes that allow the movement of calcium ions into or out of a cell, playing key roles in various physiological processes.

Refractory Periods

Intervals following an action potential during which a neuron or muscle cell is less responsive to further stimulation.