You own a put option for Jan. 18 2019 2019 on 3M stock. Currently the price to buy the option is $23. The strike price of the option is $220. The current market value of 3M stock is $205. You bought 1 put option contract for $35. You own 100 shares of 3M stock that you paid $120 for per share.
On January 18, 2019 the price of 3M stock is $235. You sell the 100 shares you own. Factoring in the option what is your profit or loss from selling the 100 shares?