Series 7 - General Securities Representative Exam
Training Mode
A trader buys 20 February ABC 95 Puts at 4.50 when ABC is at 100. Upon expiration, the stock is at 97.50, the Puts are not sold, and the options expire. What is the profit or loss for the trader?
$4,500
A
-$9,000
B
$9,000
C
$300
D