Give a Practical Example of an ITM Ethereum Put Option.

Assume the current market price of Ethereum (ETH) is $2,500. A trader holds an ETH Put option with a strike price of $2,800.

Since the ETH price ($2,500) is lower than the strike price ($2,800), this Put option is In-the-Money. Its intrinsic value is $300.

The holder can potentially sell ETH at $2,800, which is higher than the market price, making an immediate profit before considering the premium paid.

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