Suppose You Purchase a Put Option on Asset XYZ That

question 5

Multiple Choice

Suppose you purchase a put option on Asset XYZ that has an exercise price of $100. The option price is $3 per share. Suppose that on the expiration date, you exercise your option at the current price of $96. What is your net profit or loss per share?

• A) -$3.00
• B) -$1.00
• C) $0.00
• D) $1.00