You Purchase One June 70 Put Contract for a Put

question 78

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

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Definitions:

Key Data Executive

A senior role focused on overseeing and managing an organization's data strategy, integrity, and analytics.

Compensate

To provide something, typically money, in recognition of loss, suffering, or damage incurred; to make amends.

Actuarial Insurance

The application of statistical and mathematical methods in the insurance industry to calculate risk and determine premiums.

Frequency

The rate at which a repeated event occurs, such as the number of waves that pass a fixed point in a specific amount of time in the context of physics, or the regularity of an occurrence in general terms.