An investor uses a long protective put strategy

Business Sep 10, 2020

An investor uses a long protective put strategy. The current stock price is $35.00, strike price for the option is $32.00, and the option premium is $2.00. The investor will start making a profit on this protective put strategy as long as the stock price at maturity is
Select one:
Greater than $37.00
Greater than $35.00
Greater than $32.00
The investor will always make a profit from this strategy