a. Identify which calls are in- the- money, at- the- money, and out- of- the-money. b. If

Question:

a. Identify which calls are in- the- money, at- the- money, and out- of- the-money.
b. If you exercise a call with a of $1,820, what is your payoff, and what are your holdings of the futures contracts?
c. For this call option on gold futures, what is the intrinsic value, and what is the time value? Strike Price
In finance, the strike price of an option is the fixed price at which the owner of the option can buy, or sell, the underlying security or commodity.