zcbroker@neobee.net wrote:

If I buy put options for 0.60 each , 100 options for 1 underlying , with
the strike 650 and a price would be 625
at the last date , jun 2007, what is the profit?

thanks.

Hello ZC,

This would be a very nice trade.

The puts would be in the money by 25 points (650 minus 625) and would be
worth $2,500 each. Because you paid $60, your profit would be $2,440 each.
You own 100 puts and thus the profit is $244,000.

Mark