You Purchased 500 Shares of SLG,Inc

Multiple Choice

You purchased 500 shares of SLG,Inc.stock at a price of $43.70 a share.You then purchased put options on your shares with a strike price of $40.00 and an option premium of $0.90.At expiration,the stock was selling for $47.80 a share.You sold your shares on the option expiration date.What is your net profit or loss your transactions related to SLG,Inc.stock?

A) $1,650
B) $1,250
C) $1,600
D) $2,150
E) $2,300