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

Multiple Choice

You hold a floating-strike lookback put option written on a stock. 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) $1.
C) $11
D) Cannot be answered without information on the strike price.