Series 7 - General Securities Representative Exam
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A trader just closed out her long straddle position for 16.00. She made $450 in profit on the trade. How much was the put?
11.50
A
5.25
B
20.5
C
Not enough data
D
Explanations
There is not enough data. We do not know what she paid for the straddle, let alone the put portion of it