Q.731 Franklin Cole, an investment manager at Small Lounge Investments Co., has conducted a fundamental research on the shares of Red Hat Corp and instructed his assistant to sell put options on the shares with a strike of $30. The assistant receives a premium of $0.50. If the price of the stock increases from $30 to $33, determine the position's payoff and profit. | Financial Risk Manager Part 1 Quiz - LeetQuiz