In early 2000, the Dow Jones Industrial Average rose above the 11,000 level. If the Dow were to fall to 7,000, who would gain the most: investors who had bought call options, investors who had bought...

 In early 2000, the Dow Jones Industrial Average rose above the 11,000 level. If the Dow were to fall to 7,000, who would gain the most: investors who had bought call options, investors who had bought put options, or inventors who had sold put options ? Who would be hurt the most ?