Please assume that, on May 9, 2018, you sold put options on shares of Apple Inc. with an exercise price of USD 165, expiring on August 18, 2018, prices from NASDAQ Exchange.
Please assume further that you keep these options until their expiry date.
What will be your net profit/loss (“payoff”) per Apple share (disregarding the commissions/fees, and the time value of money) if, on August 18, 2018, the Apple Inc. share price is:
(a) USD 140; (b) USD 150; (c) USD 160; (d) USD 170; (e) USD 180.