You Sold Ten Put Option Contracts on PLT Stock with an Exercise

Multiple Choice

You sold ten put option contracts on PLT stock with an exercise price of $31.20 and an option price of $1.20.Today,the option expires and the underlying stock is selling for $33 a share.Ignoring trading costs and taxes,what is your total profit on this investment?

A) −$3,300
B) −$1,200
C) $120
D) $1,200
E) $3,300