Calculate your percentage return on the put option

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Suppose you have $66,000 to invest. You’re considering Miller-Moore Equine Enterprises (MMEE), which is currently selling for $100 per share. You notice that a put option with a $100 strike is also available with a premium of $6.6. Calculate your percentage return on the put option for the six-month holding period if the stock price declines to $94 per share. (Round your answer to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required. Omit the "%" sign in your response.)

Reference no: EM131011166

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