Biology Forums - Study Force

Allison bought 100 shares of MIKO, Inc. stock at a price of $35 a share. In addition, she bought a put with a $35 strike price on MIKO at a cost of $125. Which of the following are true about Allison's position from now until the option expiration date?

I.	Her maximum loss is $3,625.

II.	Her maximum loss is $125.

III.	Her minimum gain is $125.

IV.	Her maximum profit is unlimited.

▸ I and IV only

▸ II and III only

▸ II and IV only

▸ II, III and IV only

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