The Price of a Stock on February 1 Is $84

Multiple Choice

The price of a stock on February 1 is $84.A trader buys 200 put options on the stock with a strike price of $90 when the option price is $10.The options are exercised when the stock price is $85.The trader's net profit or loss is

A) Loss of $1,000
B) Loss of $2,000
C) Gain of $200
D) Gain of $1000