Explanation

This is a bear put spread strategy with additional positions. Let's calculate the net profit/loss:

Initial cost/net premium:

• Buy ATM put (K=43): -$6
• Sell 2 puts (K=37): +$8 ($4 × 2)
• Buy put (K=32): -$1
• Net premium = -6 + 8 - 1 = +$1

Payoffs at expiration (stock price = $19):

• Put with K=43: payoff = max(43-19, 0) = $24
• 2 puts with K=37: payoff = 2 × max(37-19, 0) = 2 × 18 = $36 (but since we sold these, this is negative for us)
• Put with K=32: payoff = max(32-19, 0) = $13

Total payoff = 24 - 36 + 13 = $1

Net profit/loss = Total payoff + Net premium = 1 + 1 = $2 per share

Therefore, the correct answer is $2.00 per share (Option D).