What is his dollar gain, Tom Gettback buys 100 shares of

What is his dollar gain

Reference no: EM13289346

Tom Gettback buys 100 shares of Johnson Walker stock for $90.00 per share and a 3-month Johnson Walker put option with an exercise price of $105.00 for $2.00. What is his dollar gain if at expiration the stock is selling for $75.00 per share?

a. $200 loss.
b. $700 loss.
c. $300 gain.
d. $900 gain.
e. None of the above.

Reference no: EM13289346

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