You have purchased a 17.5 strike put for $1.57 which expires in 48 days and the stock is currently at $18.05 per share.

[answerhappygod]

You have purchased a 17.5 strike put for $1.57 which expires in
48 days and the stock is currently at $18.05 per share. At expiry,
the stock closes at $16.87. What is your total profit or loss?
a.
A net gain of $157
b.
A net gain of $63
c.
A net loss of $63
d.
A net gain of $94
e.
A net loss of $94