Reference the options chain for Caterpillar, Inc. (ticker: C…

Reference the options chain for Caterpillar, Inc. (ticker: CAT) shown below. You bought two contracts of the $100 strike put. What is your breakeven point? State your answer in contract-level terms. Your answer should be a dollar amount with two decimal places of accuracy. (Note on viewing table below: You may have to use a horizontal scrollbar to see all of the columns in the table below.) CAT Option Chain     Month: Nov 2020     Calls Puts Last Change Bid Ask Volume Open Int. Strike Last Change Bid Ask Volume Open Int. 12.40 — 14.80 15.45 — 32 100.00 10.70 -0.27 10.55 10.90 12 426 11.75 — 12.05 12.65 — 154 105.00 13.00 -0.65 12.85 13.25 28 403 10.05 +0.74 9.75 10.10 10 211 110.00 15.54 — 15.50 15.95 — 308 7.70 +1.70 7.70 8.10 2 622 115.00 18.64 — 18.40 18.95 — 292 Expires 11/20/2020   Last Trade: $105.41 (as of May 15, 2020 11:06) 

Reference the options chain for Caterpillar, Inc. (ticker: C…

Reference the options chain for Caterpillar, Inc. (ticker: CAT) shown below. You sold two contracts of the $100 strike put. What is your max profit? State your answer in total dollar terms (i.e., total out-of-pocket cost not factoring transaction costs), not contract-level terms. Your answer should be a dollar amount with two decimal places of accuracy. (Note on viewing table below: You may have to use a horizontal scrollbar to see all of the columns in the table below.) CAT Option Chain     Month: Nov 2020     Calls Puts Last Change Bid Ask Volume Open Int. Strike Last Change Bid Ask Volume Open Int. 12.40 — 14.80 15.45 — 32 100.00 10.70 -0.27 10.55 10.90 12 426 11.75 — 12.05 12.65 — 154 105.00 13.00 -0.65 12.85 13.25 28 403 10.05 +0.74 9.75 10.10 10 211 110.00 15.54 — 15.50 15.95 — 308 7.70 +1.70 7.70 8.10 2 622 115.00 18.64 — 18.40 18.95 — 292 Expires 11/20/2020   Last Trade: $105.41 (as of May 15, 2020 11:06)