A customer sells short 100 shares of DEF stock at $82 per share. The stock falls to $71, at which point the customer writes 1 DEF Sept 70 Put at $4. The stock falls to $62 and the put is exercised. The customer has a gain per share of .

16 points

Explanation:

Customer sold stock short for $82 per share

Then, customer sold Sept 70 at $4

If short put is then exercised, the customer is obligated to buy the shares back at $70.

Net cost of the customer is $66 per share for the stock, therefore

Customer gains = 82 sale proceeds - 66 cost basis = 16 points.

wheres the chart? so i can answer.