Answer :
If a stock sale 100 shares on expiry date the investment will suffer a loss of $500 .
Expiry date is so important to options traders. The concept of time is at the heart of what gives options their value. After the put or call expires, time value does not exist. In other words, once the derivative expires the investor does not retain any rights that go along with owning the call or put. So, at the expiry of stock sale the Strike Price is less than the Current market Price. the current price is the price at which a good or service can be purchased or sold. The market price of an asset or service is determined by the forces of supply and demand. the price at which quantity supplied equals quantity demanded is the market price.
His profit/ loss will be ,
(136 - 132-9 ) * 100 = -500
The loss for the investment is 500.
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