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You bought an S&P500 Index put option with an exercise price of $593.00 two weeks...

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Finance

You bought an S&P500 Index put option with an exercise price of $593.00 two weeks ago, with a premium of $1.50. The option expires today and the price of the index was $595.

(1) Would you be excersing this option? Why or why not?

(2) What would be your payoff?

(3) What would be your profit/loss?

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