You Hold a Fixed-Strike Lookback Put Option Written on a Stock

Multiple Choice

You hold a fixed-strike lookback put option written on a stock that was at-the-money at inception. The stock price at inception was $56, the stock price at maturity is $63, and the lowest and highest stock prices observed over the option's life are, respectively, $52 and $64. The payoff from the option at maturity is

A) Zero.
B) $4.
C) $8.
D) $11.