Allison Bought 100 Shares of MIKO, Inc

Multiple Choice

Allison bought 100 shares of MIKO, Inc. stock at a price of $35 a share. In addition, she bought a put with a $35 strike price on MIKO at a cost of $125. Which of the following are true about Allison's position from now until the option expiration date?
I. Her maximum loss is $3,625.
II. Her maximum loss is $125.
III. Her minimum gain is $125.
IV. Her maximum profit is unlimited.

A) I and IV only
B) II and III only
C) II and IV only
D) II, III and IV only