A Put Option Question?

In July, you purchase a September 75 put option on Keebler, Inc. common stock. You: A) Will have a negative cash flow at the time you initiate the contract and a positive cash flow when the option expires if the stock price is less than $75 at that time. B) Have given the seller the right to buy a share of... show more In July, you purchase a September 75 put option on Keebler, Inc. common stock. You:

A) Will have a negative cash flow at the time you initiate the contract and a positive cash flow when the option expires if the stock price is less than $75 at that time.

B) Have given the seller the right to buy a share of Keebler stock at $75 sometime prior to the September expiration.

C) Will have a worthless option in August if the stock price is $80 at that time.

D) Have the right to buy a share of Keebler stock at $75 sometime prior to the September expiration.

E) Should exercise the option at expiration if the price of Keebler stock is $80.
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