Question

You write an put option on JNJ stock with a strike price of $60 put, for...

You write an put option on JNJ stock with a strike price of $60 put, for a premium of $5. The stock price of JNJ is $58 at the expiration date. Ignoring transactions costs, what is your profit of writing this option?  

Group of answer choices

$3

$2

$5

$0

$7

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