The CEO of Micro Technology, Inc (MU) is in the middle of an earnings call, and you think they sound really nervous and disorganized. MU is currently trading at $53.51/share. You enter a 1 month long put on MU for $2.25 per share, with a strike price of $50.50. Assume a 2.5% interest rate per annum. (1 point
By the end of your contract, MU is trading at $49.42. What is your total profit or loss