On July 14, an investor goes long on a put option for 100 shares of Z Corporation common stock with a strike price of ₱33 with an expiration date of August 16, at an option premium of ₱1.25 per share....

On July 14, an investor goes long on a put option for 100 shares of Z Corporation common stock with a strike price of ₱33 with an expiration date of August 16, at an option premium of ₱1.25 per share. The market price of ABC on July 14 is ₱32.50. On August 16, the market price of ABC is ₱35. How much has the investor gained or lost on the option transaction? Disregard any brokerage commissions involved