24-9 Option value Put option payoff (to seller) given a $30 exercise price 30 Share Price Irwin/McGraw-Hill CThe McGraw-Hill Commpanies, Inc, 2001©The McGraw-Hill Companies, Inc.,2001 24- 9 Irwin/McGraw-Hill Option Value Put option payoff (to seller) given a $30 exercise price. Share Price Put option $ payoff 30